World News
BUNKER PRICES: G20-VLSFO Index Advances to Three-Month High
Bunker fuel prices mostly rose at ports around the world on Tuesday, with global average VLSFO prices jumping to the highest level in three months.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $2/mt to $610.50/mt on Tuesday, reaching its highest level since October 14.
The G20-HSFO Index fell by $2/mt to $519/mt, while the G20-MGO Index advanced by $2.50/mt to $801/mt.
ICE Brent crude futures sank by $1.09/bl to $79.92/bl on Tuesday.
VLSFO prices at the top four ports mostly followed a positive trend. At Singapore prices were little changed at $599/mt, at Rotterdam they were also unchanged at $550/mt, at Fujairah they jumped by $1/mt to $589/mt, and at Houston they rose by $4/mt to $599/mt.
On Wednesday morning Brent futures were trading up by $0.33/bl from the previous session's close at $80.25/bl as of 6:17 AM in London. In metric tonne terms that would be equivalent to a $2.48/mt rise on the day in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 599.00 | 0.00 | 741.00 | 1.50 |
| Rotterdam | 550.00 | 0.00 | 707.50 | 0.50 |
| Houston | 599.00 | 4.00 | 759.00 | 2.50 |
| Fujairah | 589.00 | 1.00 | 786.00 | 0.50 |
| Global 20 Ports Average | 610.50 | 2.00 | 801.00 | 2.50 |
| Global 4 Ports Average | 584.50 | 1.50 | 748.50 | 0.50 |
| Global Average Bunker Price | 650.50 | 1.00 | 839.00 | 3.50 |
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