World News
BUNKER PRICES: G20-VLSFO Index Advances for First in Three Sessions
Bunker prices mostly advanced at ports around the world on Monday, with global average VLSFO prices rising for the first in three consecutive trading sessions.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports climbed by $3.50/mt to $557.50/mt on Monday, having reached its lowest level since July 7 the previous day.
The G20-HSFO Index rose by $2/mt to $466.50/mt, while the G20-MGO Index advanced by $8/mt to $786/mt.
ICE Brent crude futures dropped by $1.15/bl to $69.21/bl on Monday.
VLSFO prices at the top four ports mostly followed a positive trend. At Singapore prices rose by $5/mt to $518/mt, at Rotterdam they declined by $2/mt to $516.50/mt, at Fujairah they climbed by $5/mt to $521.50/mt, and at Houston they jumped by $10/mt to $506.50/mt.
On Tuesday morning Brent crude futures were trading down by $0.33/bl from the previous session's close at $68.88/bl as of 5:52 AM in London. In metric tonne terms that would be equivalent to a $2.48/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 528.00 | 5.00 | 695.00 | 10.00 |
| Rotterdam | 516.50 | 2.00 | 733.50 | 5.50 |
| Houston | 506.50 | 10.00 | 712.00 | 10.50 |
| Fujairah | 521.50 | 5.00 | 751.00 | 18.50 |
| Global 20 Ports Average | 557.50 | 3.50 | 787.00 | 8.00 |
| Global 4 Ports Average | 518.00 | 4.50 | 723.00 | 11.00 |
| Global Average Bunker Price | 594.00 | 3.50 | 822.50 | 2.50 |
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