World News
BUNKER PRICES: G20-VLSFO Index Jumps to One-Week High
Bunker fuel prices advanced at most ports on Tuesday, with global average VLSFO prices climbing to the highest level in more than a week.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $3.50/mt to $586/mt on Tuesday, reaching the highest level since November 12.
The G20-HSFO Index advanced by $2/mt to $484/mt, while the G20-MGO Index rose by $6/mt to $759/mt.
ICE Brent crude futures rose by $0.01/bl to $73.31/bl on Tuesday.
VLSFO prices at the top four ports mostly followed a positive trend. At Singapore prices rose by $3.50/mt to $563/mt, at Rotterdam they declined by $0.50/mt to $511.50/mt, at Fujairah they rose by $4/mt to $561.50/mt, and at Houston they jumped by $4/mt to $547.50/mt.
On Wednesday morning Brent futures were trading down by $0.05/bl from the previous session's close at $73.26/bl as of 5:34 AM in London. In metric tonne terms that would be equivalent to a $0.38/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 548.00 | 0.50 | 677.50 | 2.00 |
| Rotterdam | 513.00 | 0.50 | 649.00 | 3.00 |
| Houston | 544.50 | 2.50 | 675.00 | 4.00 |
| Fujairah | 541.50 | 2.50 | 744.00 | 3.50 |
| Global 20 Ports Average | 572.00 | 2.50 | 758.00 | 2.50 |
| Global 4 Ports Average | 536.50 | 1.50 | 686.50 | 3.00 |
| Global Average Bunker Price | 624.00 | 2.50 | 801.00 | 3.50 |
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