World News
BUNKER PRICES: G20-VLSFO Index Jumps to One-Week High
Bunker fuel prices advanced at most ports on Monday, with global average VLSFO prices climbing to the highest level in more than a week.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $8/mt to $623.50/mt on Monday, reaching the highest level since August 18.
The G20-HSFO Index rose by $0.50/mt to $505.50/mt, while the G20-MGO Index advanced by $7.50/mt to $777/mt.
ICE Brent crude futures jumped by $2.41/bl to $81.43/bl on Monday.
VLSFO prices at the top four ports followed a positive trend. At Singapore prices gained $16.50/mt to $639/mt, at Rotterdam they rose by $6/mt to $545.50/mt, at Fujairah they jumped by $14/mt to $623/mt, and at Houston they advanced by $12/mt to $560/mt.
On Tuesday morning Brent futures were trading down by $0.17/bl from the previous session's close at $81.26/bl as of 5:48 AM in London. In metric tonne terms that would be equivalent to a $1.28/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 581.00 | 2.00 | 625.00 | 3.00 |
| Rotterdam | 506.00 | 2.50 | 616.00 | 3.50 |
| Houston | 500.50 | 2.50 | 634.50 | 4.00 |
| Fujairah | 574.00 | 3.00 | 774.50 | 1.50 |
| Global 20 Ports Average | 591.50 | 2.00 | 733.50 | 3.00 |
| Global 4 Ports Average | 540.00 | 0.50 | 662.50 | 0.50 |
| Global Average Bunker Price | 637.00 | 2.00 | 808.00 | 0.00 |
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