World News
BUNKER PRICES: G20-VLSFO Index Jumps to Three-Month High
Bunker fuel prices advanced at most ports on Monday, with global average VLSFO prices jumping to the highest level in more than three months.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $4.50/mt to $666.50/mt on Monday, reaching the highest level since November 23. The G20-HSFO Index rose by $5/mt to $513.50/mt, while the G20-MGO Index climbed by $8.50/mt to $883.50/mt.
ICE Brent crude futures fell by $0.75/bl to $82.80/bl on Monday.
VLSFO prices at the top ports followed a positive trend. At Singapore prices gained $5/mt to $646/mt, at Rotterdam they advanced by $2/mt to $585/mt, at Fujairah they rose by $15.50/mt to $651/mt, and at Houston they climbed by $5.50/mt to $639/mt.
On Tuesday morning Brent futures were down by $0.36/bl from the previous session's close at $82.44/bl as of 6:55 AM in London. In metric tonne terms that would equate to a $2.71/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 649.00 | 0.50 | 775.00 | 3.50 |
| Rotterdam | 603.50 | 1.50 | 759.50 | 11.50 |
| Houston | 626.50 | 2.50 | 794.00 | 2.00 |
| Fujairah | 649.00 | 0.50 | 904.50 | 6.50 |
| Global 20 Ports Average | 664.00 | 2.00 | 855.00 | 0.00 |
| Global 4 Ports Average | 632.00 | 1.00 | 808.00 | 4.00 |
| Global Average Bunker Price | 716.50 | 1.00 | 901.00 | 12.50 |
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