World News
BUNKER PRICES: G20-VLSFO Index Jumps to Seven-Week High
Bunker fuel prices advanced at most ports on Tuesday, with global average VLSFO prices climbing to the highest level in seven weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $8.50/mt to $644.50/mt on Tuesday, reaching the highest level since May 13.
The G20-HSFO Index jumped by $10.50/mt to $551.50/mt, while the G20-MGO Index rose by $8/mt to $853/mt.
ICE Brent crude futures siipped by $0.36/bl to $86.24/bl on Tuesday.
VLSFO prices at the top ports followed a positive trend. At Singapore prices gained $13.50/mt to $642/mt, at Rotterdam they rose by $8/mt to $583.50/mt, at Fujairah they advanced by $8/mt to $639.50/mt, and at Houston they jumped by $11.50/mt to $615/mt.
On Wednesday morning Brent futures were trading up by $0.39/bl from the previous session's close at $86.63/bl as of 6:56 AM in London. In metric tonne terms that would be equivalent to a $2.94/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 642.50 | 4.50 | 771.50 | 9.50 |
| Rotterdam | 586.50 | 3.00 | 772.50 | 4.50 |
| Houston | 612.00 | 5.00 | 815.00 | 20.00 |
| Fujairah | 642.00 | 3.00 | 861.00 | 3.00 |
| Global 20 Ports Average | 648.50 | 0.50 | 855.50 | 2.00 |
| Global 4 Ports Average | 620.50 | 0.50 | 805.00 | 9.00 |
| Global Average Bunker Price | 693.50 | 1.50 | 912.00 | 1.50 |
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