World News
BUNKER PRICES: G20-VLSFO Index Holds Steady as Crude Rallies
Bunker fuel prices were little changed overall at most ports on Monday, with global average VLSFO prices holding steady despite a jump in crude futures.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports was little changed at $665/mt on Monday, having reached the lowest level since March 14 in the previous session. The G20-HSFO Index advanced by $1.50/mt to $527.50/mt, while the G20-MGO Index lost $0.50/mt to $892/mt.
ICE Brent crude futures jumped by $1.32/bl to $86.75/bl on Monday.
VLSFO prices at the top ports were mixed in direction. At Singapore prices gained $5/mt to $647/mt, at Rotterdam they advanced by $1.50/mt to $600/mt, at Fujairah they were little changed at $643/mt, and at Houston they slipped by $2/mt to $652.50/mt.
On Tuesday morning Brent futures were up by $0.07/bl from the previous session's close at $86.82/bl as of 5:31 AM in London. In metric tonne terms that would equate to a $0.53/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 649.00 | 0.50 | 775.00 | 3.50 |
| Rotterdam | 603.50 | 1.50 | 759.50 | 11.50 |
| Houston | 626.50 | 2.50 | 794.00 | 2.00 |
| Fujairah | 649.00 | 0.50 | 904.50 | 6.50 |
| Global 20 Ports Average | 664.00 | 2.00 | 855.00 | 0.00 |
| Global 4 Ports Average | 632.00 | 1.00 | 808.00 | 4.00 |
| Global Average Bunker Price | 716.50 | 1.00 | 901.00 | 12.50 |
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