World News
BUNKER PRICES: G20-VLSFO Index Advances to One-Week High
Bunker fuel prices rose at most ports on Monday, with global average VLSFO prices climbing to the highest level in almost a week.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $2/mt to $673/mt on Monday, reaching the highest level since October 24. The G20-HSFO Index lost $6.50/mt to $535.50/mt, while the G20-MGO Index declined by $6/mt to $940/mt.
ICE Brent crude futures sank by $3.03/bl to $87.45/bl on Monday.
VLSFO prices at the top ports mostly followed a positive trend. At Singapore prices rose by $4/mt to $672/mt, at Rotterdam they gained $4/mt to $605.50/mt, at Fujairah they jumped by $9/mt to $665.50/mt, and at Houston they were little changed at $612/mt.
On Tuesday morning Brent crude futures were trading up by $0.77/bl at $88.22/bl as of 8:12 AM in London. In metric tonne terms that would be equivalent to a $5.80/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 571.00 | 1.50 | 685.50 | 5.50 |
| Rotterdam | 516.50 | 1.50 | 677.50 | 3.50 |
| Houston | 556.00 | 6.00 | 679.00 | 1.00 |
| Fujairah | 565.00 | 4.50 | 755.00 | 1.50 |
| Global 20 Ports Average | 589.00 | 3.00 | 764.50 | 3.50 |
| Global 4 Ports Average | 552.00 | 3.00 | 699.00 | 2.50 |
| Global Average Bunker Price | 635.50 | 1.00 | 811.50 | 11.00 |
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