World News
BUNKER PRICES: G20-VLSFO Index Advances to One-Week High
Bunker prices mostly climbed at ports around the world on Monday, with global average VLSFO prices jumping to their highest level in almost a week.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $4/mt to $495/mt on Monday, reaching its highest level since October 28.
The G20-HSFO Index gained $0.50/mt to $438/mt, while the G20-MGO Index advanced by $1.50/mt to $780/mt.
ICE Brent crude futures jumped by $0.12/bl to $64.89/bl on Monday.
VLSFO prices at the top four ports followed a positive trend. At Singapore prices rose by $7/mt to $471.50/mt, at Rotterdam they advanced by $0.50/mt to $434/mt, at Fujairah they climbed by $5.50/mt to $464.50/mt, and at Houston they jumped by $0.50/mt to $446/mt.
On Tuesday morning Brent crude futures were trading down by $0.40/bl from the previous session's close at $64.49/bl as of 7:37 AM in London. In metric tonne terms that would be equivalent to a $3.01/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 471.50 | 7.00 | 737.00 | 1.50 |
| Rotterdam | 434.00 | 0.50 | 705.00 | 4.00 |
| Houston | 446.00 | 0.50 | 674.50 | 5.00 |
| Fujairah | 464.50 | 5.50 | 747.00 | 2.00 |
| Global 20 Ports Average | 495.00 | 4.00 | 780.00 | 1.50 |
| Global 4 Ports Average | 454.00 | 3.50 | 716.00 | 1.00 |
| Global Average Bunker Price | 533.50 | 3.50 | 817.00 | 4.50 |
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