World News
BUNKER PRICES: G20-VLSFO Index Advances to Three-Month High
Bunker fuel prices jumped with crude futures at most ports on Tuesday, with global average VLSFO prices climbing to the highest level in three months.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports rose by $7/mt to $614.50/mt on Tuesday, reaching the highest level since April 25. The G20-HSFO Index climbed by $0.50/mt to $535.50/mt, while the G20-MGO Index gained $10/mt to $849.50/mt.
ICE Brent crude futures gained $0.90/bl to $83.64/bl on Tuesday.
VLSFO prices at the top ports mostly had a positive trend. At Singapore prices advanced by $8.50/mt to $592/mt, at Rotterdam they rose by $4.50/mt to $574/mt, at Fujairah they climbed by $11/mt to $587/mt, and at Houston they slipped by $0.50/mt to $577/mt.
On Wednesday morning Brent crude futures were trading down by $0.27/bl at $83.37/bl as of 9:22 AM in London. In metric tonne terms that would be equivalent to a $2.03/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 571.00 | 1.50 | 685.50 | 5.50 |
| Rotterdam | 516.50 | 1.50 | 677.50 | 3.50 |
| Houston | 556.00 | 6.00 | 679.00 | 1.00 |
| Fujairah | 565.00 | 4.50 | 755.00 | 1.50 |
| Global 20 Ports Average | 589.00 | 3.00 | 764.50 | 3.50 |
| Global 4 Ports Average | 552.00 | 3.00 | 699.00 | 2.50 |
| Global Average Bunker Price | 635.50 | 1.00 | 811.50 | 11.00 |
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