World News
BUNKER PRICES: G20-VLSFO Index Advances for Second Day
Bunker fuel prices were mixed in direction at ports around the world in Monday, with global average VLSFO prices posting a small overall gain for a second day.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports rose by $0.50/mt to $646/mt on Monday, reaching the highest level since May 1. The G20-HSFO Index slipped by $4/mt to $534/mt, while the G20-MGO Index lost $1.50/mt to $825.50/mt.
ICE Brent crude futures rose by $0.37/bl to $83.33/bl on Monday.
VLSFO prices at the top ports were mixed in direction. At Singapore prices rose by $2/mt to $627/mt, at Rotterdam they advanced by $1.50/mt to $579/mt, at Fujairah they sank by $6.50/mt to $622/mt, and at Houston they slipped by $7.50/mt to $587.50/mt.
On Tuesday morning Brent futures were trading up by $0.15/bl from the previous session's close at $83.48/bl as of 5:38 AM in London. In metric tonne terms that would be equivalent to a $1.13/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 624.50 | 1.00 | 732.00 | 8.50 |
| Rotterdam | 571.00 | 3.00 | 758.00 | 16.50 |
| Houston | 591.50 | 4.00 | 760.00 | 5.50 |
| Fujairah | 629.00 | 0.50 | 877.50 | 3.00 |
| Global 20 Ports Average | 637.00 | 0.00 | 819.00 | 3.00 |
| Global 4 Ports Average | 604.00 | 0.00 | 782.00 | 5.50 |
| Global Average Bunker Price | 688.00 | 2.50 | 879.00 | 1.00 |
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