World News
BUNKER PRICES: G20-VLSFO Index Jumps to Two-Week High
Bunker prices mostly advanced at ports around the world on Tuesday, with global average VLSFO prices rising to the highest level in more than two weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports rose by $2/mt to $534.50/mt on Tuesday, reaching its highest level since May 22.
The G20-HSFO Index jumped by $0.50/mt to $467/mt, while the G20-MGO Index climbed by $1.50/mt to $717/mt.
ICE Brent crude futures declined by $0.17/bl to $66.87/bl on Tuesday.
VLSFO prices at the top four ports followed a positive trend. At Singapore prices rose by $0.50/mt to $512.50/mt, at Rotterdam they advanced by $2.50/mt to $481.50/mt, at Fujairah they climbed by $1.50/mt to $504/mt, and at Houston they jumped by $1/mt to $481.50/mt.
On Wednesday morning Brent crude futures were trading down by $0.01/bl from the previous session's close at $66.86/bl as of 6:53 AM in London. In metric tonne terms that would be equivalent to a $0.08/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 516.50 | 4.00 | 620.00 | 2.00 |
| Rotterdam | 482.00 | 0.50 | 627.50 | 3.00 |
| Houston | 486.50 | 5.00 | 638.00 | 3.00 |
| Fujairah | 506.00 | 2.00 | 706.50 | 0.50 |
| Global 20 Ports Average | 537.50 | 3.00 | 720.50 | 3.50 |
| Global 4 Ports Average | 497.50 | 3.00 | 648.00 | 1.00 |
| Global Average Bunker Price | 573.00 | 1.00 | 764.50 | 1.50 |
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