World News
BUNKER PRICES: G20-VLSFO Index Rises for Seventh Session
Bunker fuel prices advanced at ports around the world on Monday, with global average VLSFO prices climbing for a seventh consecutive trading session.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $0.50/mt to $560.50/mt on Monday, remaining at its highest level since March 4.
The G20-HSFO Index was little changed at $498/mt, while the G20-MGO Index slipped by $1/mt to $759/mt.
ICE Brent crude futures jumped by $2.01/bl to $74.77/bl on Monday.
VLSFO prices at the top four ports were mixed in direction. At Singapore prices lost $0.50/mt to $531.50/mt, at Rotterdam they fell by $3/mt to $501/mt, at Fujairah they advanced by $2.50/mt to $529.50/mt, and at Houston they climbed by $6/mt to $537/mt.
On Tuesday morning Brent futures were trading up by $0.12/bl from the previous session's close at $74.89/bl as of 7:00 AM in London. In metric tonne terms that would be equivalent to a $0.90/mt rise on the day in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 538.00 | 6.50 | 667.50 | 6.00 |
| Rotterdam | 504.00 | 3.00 | 673.50 | 10.00 |
| Houston | 533.50 | 3.50 | 685.50 | 2.50 |
| Fujairah | 534.00 | 4.50 | 748.50 | 2.00 |
| Global 20 Ports Average | 565.00 | 4.50 | 765.50 | 6.50 |
| Global 4 Ports Average | 527.50 | 2.50 | 693.50 | 5.00 |
| Global Average Bunker Price | 597.50 | 2.50 | 795.50 | 4.00 |
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