World News
BUNKER PRICES: G20-VLSFO Index Slips Despite Jump in Crude
Bunker prices mostly fell at ports around the world on Tuesday, with global average VLSFO prices declining slightly despite a rise in crude futures.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $0.50/mt to $495/mt on Tuesday, having reached its highest level since October 27 the previous day.
The G20-HSFO Index slipped by $1/mt to $430.50/mt, while the G20-MGO Index jumped by $8/mt to $803/mt.
ICE Brent crude futures rose by $1.10/bl to $64.16/bl on Tuesday.
VLSFO prices at the top four ports were mixed in direction. At Singapore prices rose by $1.50/mt to $469.50/mt, at Rotterdam they declined by $4.50/mt to $435/mt, at Fujairah they fell by $2.50/mt to $459.50/mt, and at Houston they jumped by $2.50mt to $446/mt.
On Wednesday morning Brent crude futures were trading down by $0.25/bl from the previous session's close at $64.91/bl as of 6:59 AM in London. In metric tonne terms that would be equivalent to a $1.88/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 469.50 | 1.50 | 749.00 | 1.00 |
| Rotterdam | 435.00 | 4.50 | 723.50 | 10.00 |
| Houston | 446.00 | 2.50 | 703.00 | 11.00 |
| Fujairah | 459.50 | 2.50 | 745.50 | 0.50 |
| Global 20 Ports Average | 495.00 | 0.50 | 803.00 | 8.00 |
| Global 4 Ports Average | 452.50 | 0.50 | 730.00 | 5.00 |
| Global Average Bunker Price | 539.00 | 0.50 | 833.50 | 3.50 |
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