World News
BUNKER PRICES: G20-VLSFO Index Slips Despite Rise in Crude
Bunker fuel prices were mixed in direction at ports around the world on Monday, with global average VLSFO prices slipping slightly overall despite a rise in crude futures.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $0.50/mt to $595/mt on Monday, paring the previous session's $2/mt gain.
The G20-HSFO Index fell by $1/mt to $513/mt, while the G20-MGO Index rose by $0.50/mt to $784.50/mt.
ICE Brent crude futures climbed by $0.48/bl to $75.22/bl on Monday.
VLSFO prices at the top four ports mostly followed a negative trend. At Singapore prices fell by $3.50/mt to $572.50mt, at Rotterdam they lost $1/mt to $538.50/mt, at Fujairah they declined by $3.50/mt to $567.50/mt, and at Houston they were little changed at $549/mt.
On Tuesday morning Brent futures were trading up by $0.16/bl from the previous session's close at $75.38/bl as of 6:01 AM in London. In metric tonne terms that would be equivalent to a $1.20/mt rise on the day in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 571.00 | 3.50 | 695.00 | 3.00 |
| Rotterdam | 536.50 | 3.50 | 685.00 | 5.00 |
| Houston | 540.00 | 20.50 | 726.00 | 3.00 |
| Fujairah | 565.00 | 5.00 | 775.00 | 4.50 |
| Global 20 Ports Average | 596.50 | 2.00 | 778.50 | 10.00 |
| Global 4 Ports Average | 561.00 | 2.50 | 717.00 | 0.50 |
| Global Average Bunker Price | 640.00 | 0.00 | 829.00 | 3.00 |
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