World News
BUNKER PRICES: Singapore VLSFO Advances to Two-Month High
Bunker fuel prices rose most ports on Tuesday, with the VLSFO price in Singapore advancing to the highest level in almost two months.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports was little changed at $636.50/mt on Tuesday, remaining at the highest level since March 9. The G20-HSFO Index rose by $3.50/mt to $513/mt, while the G20-MGO Index jumped by $6.50/mt to $897/mt.
ICE Brent crude futures gained $0.01/bl to $84.94/bl on Tuesday.
VLSFO prices at the top ports had a mixed trend. At Singapore prices rose by $2.50/mt to $606/mt, reaching the highest level since March 8. At Rotterdam they declined by $7.50/mt to $588/mt, at Fujairah they slipped by $4.50/mt to $602/mt and at Houston they jumped by $21.50/mt to $611.50/mt.
On Wednesday morning Brent futures were trading up by $0.47/bl at $85.43/bl as of 9:15 AM in London. In metric tonne terms that would amount to a $3.54/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 624.50 | 1.00 | 732.00 | 8.50 |
| Rotterdam | 571.00 | 3.00 | 758.00 | 16.50 |
| Houston | 591.50 | 4.00 | 760.00 | 5.50 |
| Fujairah | 629.00 | 0.50 | 877.50 | 3.00 |
| Global 20 Ports Average | 637.00 | 0.00 | 819.00 | 3.00 |
| Global 4 Ports Average | 604.00 | 0.00 | 782.00 | 5.50 |
| Global Average Bunker Price | 688.00 | 2.50 | 879.00 | 1.00 |
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