World News
BUNKER PRICES: G20-VLSFO Index Holds Steady as Crude Jumps
Bunker fuel prices were mixed in direction at ports around the world on Monday, with global average VLSFO prices holding steady overall despite a jump in crude futures.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports was little changed at $582.50/mt on Monday, having reached the lowest level since May 2023 in the previous trading session.
The G20-HSFO Index declined by $4.50/mt to $482/mt, while the G20-MGO Index was little changed at $753/mt.
ICE Brent crude futures jumped by $2.26/bl to $73.30/bl on Monday.
VLSFO prices at the top four ports were mixed in direction. At Singapore prices fell by $6/mt to $559.50/mt, at Rotterdam they advanced by $2/mt to $512/mt, at Fujairah they rose by $2/mt to $557.50/mt, and at Houston they slipped by $4.50/mt to $543.50/mt.
On Tuesday morning Brent futures were trading up by $0.14/bl from the previous session's close at $73.44/bl as of 6.19 AM in London. In metric tonne terms that would be equivalent to a $1.05/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 559.50 | 6.00 | 655.00 | 6.50 |
| Rotterdam | 512.00 | 2.00 | 663.00 | 2.00 |
| Houston | 543.50 | 4.50 | 661.00 | 5.50 |
| Fujairah | 557.50 | 2.00 | 746.00 | 0.00 |
| Global 20 Ports Average | 582.50 | 0.00 | 753.00 | 0.00 |
| Global 4 Ports Average | 543.00 | 1.50 | 681.50 | 2.00 |
| Global Average Bunker Price | 630.50 | 0.50 | 793.00 | 10.50 |
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