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 | 521.50 | 6.00 | 690.00 | 4.00 |
| Rotterdam | 508.00 | 1.50 | 709.00 | 3.50 |
| Houston | 506.50 | 5.00 | 705.50 | 8.50 |
| Fujairah | 514.00 | 5.50 | 744.00 | 1.50 |
| Global 20 Ports Average | 550.00 | 3.00 | 770.50 | 1.50 |
| Global 4 Ports Average | 512.50 | 4.50 | 712.00 | 2.50 |
| Global Average Bunker Price | 585.50 | 1.50 | 817.00 | 1.50 |
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