World News
BUNKER PRICES: G20-VLSFO Index Climbs for First in Four Sessions
Bunker fuel prices advanced at most ports on Monday, with global average VLSFO prices climbing for the first in four consecutive sessions.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $1/mt to $592/mt on Monday, having reached the lowest level since September 19 the previous session.
The G20-HSFO Index jumped by $2/mt to $482.50/mt, while the G20-MGO Index rose by $4/mt to $730/mt.
ICE Brent crude futures rose by $0.16/bl to $71.70/bl on Monday.
VLSFO prices at the top four ports followed a positive trend. At Singapore prices gained $4/mt to $575/mt, at Rotterdam they rose by $2/mt to $522.50/mt, at Fujairah they advanced by $5/mt to $572.50/mt, and at Houston they climbed by $1.50/mt to $508.50/mt.
On Tuesday morning Brent futures were trading up by $0.04/bl from the previous session's close at $71.74/bl as of 7:44 AM in London. In metric tonne terms that would be equivalent to a $0.30/mt rise 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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