World News
BUNKER PRICES: G20-VLSFO Index Climbs to One-Week High
Bunker prices mostly climbed at ports around the world on Tuesday, with global average VLSFO prices advancing to its highest level in almost a week.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $1/mt to $493/mt on Tuesday, reaching its highest level since November 12.
The G20-HSFO Index slipped by $2.50/mt to $419/mt, while the G20-MGO Index advanced by $7/mt to $804/mt.
ICE Brent crude futures jumped by $0.69/bl to $64.89/bl on Tuesday.
VLSFO prices at the top four ports were mixed in direction. At Singapore prices fell by $0.50/mt to $465/mt, at Rotterdam they were little changed at $434.50/mt, at Fujairah they jumped by $11.50/mt to $464/mt, and at Houston they slipped by $1.50/mt to $435.50/mt.
On Wednesday morning Brent crude futures were trading down by $0.41/bl from the previous session's close at $64.48/bl as of 10:11 AM in London. In metric tonne terms that would be equivalent to a $3.09/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 465.00 | 0.50 | 743.00 | 1.50 |
| Rotterdam | 434.50 | 0.00 | 742.00 | 18.00 |
| Houston | 435.50 | 1.50 | 726.00 | 19.00 |
| Fujairah | 464.00 | 11.50 | 746.50 | 8.00 |
| Global 20 Ports Average | 493.00 | 1.00 | 804.00 | 7.00 |
| Global 4 Ports Average | 449.50 | 2.00 | 739.50 | 11.50 |
| Global Average Bunker Price | 539.50 | 0.50 | 833.50 | 4.00 |
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