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 $/mt on Tuesday, reaching its highest level since November 12.
The G20-HSFO Index slipped by $/mt to $/mt, while the G20-MGO Index advanced by $7/mt to $/mt.
ICE Brent crude futures jumped by $/bl to $/bl on Tuesday.
VLSFO prices at the top four ports were mixed in direction. At Singapore prices fell by $/mt to $/mt, at Rotterdam they were little changed at $/mt, at Fujairah they jumped by $/mt to $/mt, and at Houston they slipped by $/mt to $/mt.
On Wednesday morning Brent crude futures were trading down by $/bl from the previous session’s close at $/bl as of 10:11 AM in London. In metric tonne terms that would be equivalent to a $/mt fall in bunker prices.
