World News
BUNKER PRICES: G20-VLSFO Index Advances for Third Day
Bunker prices advanced at ports around the world on Monday, with global average VLSFO prices climbing for a third consecutive trading session.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $2/mt to $523/mt on Monday, reaching its highest level since April 8.
The G20-HSFO Index jumped by $6/mt to $457.50/mt, while the G20-MGO Index advanced by $4/mt to $704/mt.
ICE Brent crude futures rose by $0.12/bl to $64.88/bl on Monday.
VLSFO prices at the top four ports followed a positive trend. At Singapore prices gained $9/mt to $495/mt, at Rotterdam they rose by $5.50/mt to $447.50/mt, at Fujairah they advanced by $7.50/mt to $490.50/mt, and at Houston they jumped by $5.50/mt to $468.50/mt.
On Tuesday morning Brent futures were trading up by $0.06/bl from the previous session's close at $64.94/bl as of 6:40 AM in London. In metric tonne terms that would be equivalent to a $0.45/mt rise on the day in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 494.50 | 0.50 | 607.50 | 7.50 |
| Rotterdam | 451.00 | 3.50 | 611.50 | 4.00 |
| Houston | 471.00 | 2.50 | 628.00 | 1.00 |
| Fujairah | 491.00 | 0.50 | 719.50 | 1.50 |
| Global 20 Ports Average | 524.00 | 1.00 | 706.50 | 2.50 |
| Global 4 Ports Average | 477.00 | 1.50 | 641.50 | 3.50 |
| Global Average Bunker Price | 564.50 | 1.00 | 741.50 | 1.50 |
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