World News
BUNKER PRICES: G20-VLSFO Index Rises to Three-Week High
Bunker fuel prices advanced at most ports on Tuesday, with global average VLSFO prices climbing to the highest level in three weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $1/mt to $635.50/mt on Tuesday, reaching the highest level since January 2. The G20-HSFO Index rose by $0.50/mt to $492/mt, while the G20-MGO Index climbed by $3/mt to $855/mt.
ICE Brent crude futures slipped by $0.51/bl to $79.55/bl on Tuesday.
VLSFO prices at the top ports mostly followed a positive trend. At Singapore prices fell by $2.50/mt to $618.50/mt, at Rotterdam they gained $5.50/mt to $559.50/mt, at Fujairah they advanced by $4/mt to $612.50/mt, and at Houston they climbed by $11/mt to $606/mt.
On Wednesday morning Brent crude futures were trading up by $0.20/bl at $79.75/bl as of 6:59 AM in London. In metric tonne terms that would be equivalent to a $1.51/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 602.50 | 13.50 | 676.00 | 10.00 |
| Rotterdam | 540.50 | 6.50 | 665.50 | 18.00 |
| Houston | 552.50 | 21.50 | 685.50 | 25.00 |
| Fujairah | 592.50 | 17.50 | 783.00 | 10.00 |
| Global 20 Ports Average | 615.00 | 12.00 | 757.00 | 15.00 |
| Global 4 Ports Average | 572.00 | 14.50 | 702.50 | 16.00 |
| Global Average Bunker Price | 653.00 | 9.50 | 824.50 | 9.50 |
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