World News
BUNKER PRICES: G20-VLSFO Index Advances to Seven-Month High
Bunker fuel prices advanced at most ports on Tuesday, with global average VLSFO prices climbing to the highest level in almost seven months.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $2.50/mt to $671/mt on Tuesday, reaching the highest level since February 16. The G20-HSFO Index lost $1.50/mt to $589.50/mt, while the G20-MGO Index jumped by $5/mt to $1,005/mt.
ICE Brent crude futures gained $1.42/bl to $92.06/bl on Tuesday.
VLSFO prices at the top ports were mixed in direction. At Singapore prices lost $0.50/mt to $653/mt, at Rotterdam they slipped by $1/mt to $617.50/mt, at Fujairah they advanced by $2/mt to $650/mt, and at Houston they jumped by $6.50/mt to $669.50/mt.
On Wednesday morning Brent crude futures were trading up by $0.27/bl at $92.33/bl as of 6:25 AM in London. In metric tonne terms that would be equivalent to a $2.03/mt rise 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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