World News
BUNKER PRICES: G20-VLSFO Index Advances With Crude
Bunker prices mostly advanced at ports around the world on Tuesday, with global average VLSFO prices following crude futures higher.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports jumped by $2.50/mt to $555.50/mt on Tuesday, having reached its lowest level since July 2 the previous day.
The G20-HSFO Index rose by $2/mt to $467.50/mt, while the G20-MGO Index jumped by $2.50/mt to $774.50/mt.
ICE Brent crude futures rose by $0.57/bl to $70.15/bl on Tuesday.
VLSFO prices at the top four ports followed a positive trend. At Singapore prices rose by $1.50/mt to $529/mt, at Rotterdam they advanced by $8/mt to $519.50/mt, at Fujairah they climbed by $1.50/mt to $520.50/mt, and at Houston they jumped by $6/mt to $501/mt.
On Wednesday morning Brent crude futures were trading down by $0.22/bl from the previous session's close at $69.93/bl as of 6:46 AM in London. In metric tonne terms that would be equivalent to a $1.66/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 529.00 | 1.50 | 684.00 | 3.50 |
| Rotterdam | 519.50 | 8.00 | 692.50 | 13.50 |
| Houston | 501.50 | 6.00 | 693.00 | 1.00 |
| Fujairah | 520.50 | 1.50 | 732.50 | 0.50 |
| Global 20 Ports Average | 555.50 | 2.50 | 774.50 | 2.50 |
| Global 4 Ports Average | 517.50 | 4.00 | 700.50 | 2.50 |
| Global Average Bunker Price | 590.50 | 2.50 | 819.50 | 2.00 |
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