World News
BUNKER PRICES: G20-VLSFO Index Advances With Crude
Bunker prices mostly advanced at ports around the world on Monday, with global average VLSFO prices rising in line with crude futures.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports rose by $0.50/mt to $532.50/mt on Monday, paring the previous day's $2/mt loss.
The G20-HSFO Index jumped by $2/mt to $466.50/mt, while the G20-MGO Index climbed by $4/mt to $715.50/mt.
ICE Brent crude futures advanced by $0.57/bl to $67.04/bl on Monday.
VLSFO prices at the top four ports followed a positive trend. At Singapore prices rose by $2/mt to $512/mt, at Rotterdam they advanced by $2/mt to $479/mt, at Fujairah they climbed by $1/mt to $502.50/mt, and at Houston they jumped by $11/mt to $480.50/mt.
On Tuesday morning Brent crude futures were trading up by $0.16/bl from the previous session's close at $67.20/bl as of 5:25 AM in London. In metric tonne terms that would be equivalent to a $1.20/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 512.00 | 2.00 | 621.00 | 10.00 |
| Rotterdam | 479.00 | 2.00 | 623.50 | 5.00 |
| Houston | 480.50 | 11.00 | 627.50 | 17.50 |
| Fujairah | 502.50 | 1.00 | 711.50 | 3.00 |
| Global 20 Ports Average | 532.50 | 0.50 | 715.50 | 4.00 |
| Global 4 Ports Average | 493.50 | 4.00 | 646.00 | 9.00 |
| Global Average Bunker Price | 570.50 | 0.50 | 761.00 | 2.00 |
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