World News
BUNKER PRICES: G20-VLSFO Index Rallies on Monday
Bunker fuel prices advanced at most ports on Monday.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $2.50/mt to $681/mt on Monday. The G20-HSFO Index rose by $4/mt to $458.50/mt, while the G20-MGO Index advanced by $5.50/mt to $960.50/mt.
ICE Brent crude futures gained $0.22bl to $86.61/bl on Monday.
VLSFO prices at the top ports had a positive trend. At Singapore prices rose by $5/mt to $671/mt, at Rotterdam they advanced by $5/mt to $604/mt, at Fujairah they climbed by $2/mt to $659.50/mt and at Houston they rose by $4.50/mt to $642/mt.
On Tuesday morning Brent futures were trading down by $0.73/bl at $85.78/bl as of 10:03 AM in London. In metric tonne terms that would amount to a $5.50/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 571.00 | 1.50 | 685.50 | 5.50 |
| Rotterdam | 516.50 | 1.50 | 677.50 | 3.50 |
| Houston | 556.00 | 6.00 | 679.00 | 1.00 |
| Fujairah | 565.00 | 4.50 | 755.00 | 1.50 |
| Global 20 Ports Average | 589.00 | 3.00 | 764.50 | 3.50 |
| Global 4 Ports Average | 552.00 | 3.00 | 699.00 | 2.50 |
| Global Average Bunker Price | 635.50 | 1.00 | 811.50 | 11.00 |
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