World News
BUNKER PRICES: G20-VLSFO Index Climbs for Fifth Session
Bunker fuel prices advanced at most ports on Tuesday, with global average VLSFO prices climbing for a fifth consecutive session.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports rose by $2.50/mt to $672/mt on Tuesday, reaching the highest level since November 22. The G20-HSFO Index fell by $1/mt to $527.50/mt, while the G20-MGO Index advanced by $14.50/mt to $901/mt.
ICE Brent crude futures jumped by $0.49/bl to $87.38/bl on Tuesday.
VLSFO prices at the top ports were mixed in direction. At Singapore prices lost $2.50/mt to $648/mt, at Rotterdam they declined by $1.50/mt to $601/mt, at Fujairah they rose by $2/mt to $651.50/mt, and at Houston they climbed by $4.50/mt to $660.50/mt.
On Wednesday morning Brent futures were down by $0.09/bl from the previous session's close at $87.29/bl as of 6:40 AM in London. In metric tonne terms that would equate to a $0.68/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 649.00 | 0.50 | 775.00 | 3.50 |
| Rotterdam | 603.50 | 1.50 | 759.50 | 11.50 |
| Houston | 626.50 | 2.50 | 794.00 | 2.00 |
| Fujairah | 649.00 | 0.50 | 904.50 | 6.50 |
| Global 20 Ports Average | 664.00 | 2.00 | 855.00 | 0.00 |
| Global 4 Ports Average | 632.00 | 1.00 | 808.00 | 4.00 |
| Global Average Bunker Price | 716.50 | 1.00 | 901.00 | 12.50 |
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