Bunker Prices: G20-VLSFO Index Rises for Third Day

Credits: Galen Crout/Unsplash

Bunker fuel prices advanced for a third consecutive session at most ports on Tuesday, with average VLSFO prices at the highest level in nine weeks, reports Ship&Bunker.

G20-VLSFO Index

Ship&Bunker’s G20-VLSFO Index of prices across 20 leading bunkering ports gained $2.50/mt to $698/mt on Tuesday, remaining at the highest level since November 17. The G20-HSFO Index was unchanged at $472/mt, while the G20-MGO Index jumped by $9.50/mt to $1,069/mt.

ICE Brent crude futures lost $2.06bl to $86.13/bl on Tuesday.

VLSFO prices at the top ports had a positive trend

VLSFO prices at the top ports mostly had a positive trend. At Singapore prices advanced by $4.50/mt to $699.50/mt, at Rotterdam they rose by $2.50/mt to $609/mt, at Fujairah they gained $10.50/mt to $685/mt and at Houston they dropped by $10.50/mt to $633.50/mt.

On Wednesday morning Brent futures were trading up by $0.41/bl at $86.54/bl as of 9:40 AM in London. In metric tonne terms that would amount to a $3.09/mt advance in bunker prices.

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Source: Ship&Bunker