Bunker prices mostly rose at ports around the world on Tuesday, with global average VLSFO prices climbing for the first time in eight consecutive trading sessions.
Ship & Bunker’s G20-VLSFO Index of prices across 20 leading bunkering ports jumped by $1/mt to $/mt on Tuesday, having reached its lowest level since February 2021 the previous day.
The G20-HSFO Index slipped by $2/mt to $/mt, while the G20-MGO Index dropped by $1/mt to $/mt.
ICE Brent crude futures rose by $/bl to $/bl on Tuesday.
VLSFO prices at the top four ports were mixed in direction. At Singapore prices rose by $/mt to $/mt, at Rotterdam they declined by $/mt to $/mt, at Fujairah they jumped by $1/mt to $/mt, and at Houston they sank by $/mt to $/mt.
On Wednesday morning Brent crude futures were trading up by $/bl from the previous session’s close at $/bl as of 5:24 AM in London. In metric tonne terms that would be equivalent to a $/mt rise in bunker prices.
