World News
BUNKER PRICES: G20-VLSFO Index Advances to Three-Week High
Bunker fuel prices advanced at ports around the world on Tuesday, with global average VLSFO prices climbing to the highest level in almost three weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $3/mt to $555.50/mt on Tuesday, reaching its highest level since March 6.
The G20-HSFO Index rose by $2/mt to $492.50/mt, while the G20-MGO Index climbed by $3.50/mt to $754.50/mt.
ICE Brent crude futures rose by $0.02/bl to $73.02/bl on Tuesday.
VLSFO prices at the top four ports mostly followed a positive trend. At Singapore prices gained $3/mt to $522.50/mt, at Rotterdam they rose by $1.50/mt to $498/mt, at Fujairah they advanced by $4.50/mt to $519.50/mt, and at Houston they slipped by $1/mt to $529/mt.
On Wednesday morning Brent futures were trading up by $0.14/bl from the previous session's close at $73.16/bl as of 8:11 AM in London. In metric tonne terms that would be equivalent to a $1.05/mt rise on the day in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 532.00 | 3.00 | 658.00 | 4.00 |
| Rotterdam | 504.00 | 5.00 | 663.00 | 10.50 |
| Houston | 531.00 | 4.50 | 685.00 | 4.00 |
| Fujairah | 527.00 | 2.50 | 747.00 | 0.00 |
| Global 20 Ports Average | 560.00 | 2.00 | 760.00 | 2.00 |
| Global 4 Ports Average | 523.50 | 1.50 | 688.00 | 4.50 |
| Global Average Bunker Price | 597.50 | 2.50 | 792.00 | 4.50 |
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