World News
BUNKER PRICES: G20-VLSFO Index Advances to One-Week High
Bunker fuel prices climbed at most ports on Monday, with global average VLSFO prices advancing to the highest level in a week.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $3.50/mt to $654.50/mt on Monday, reaching the highest level since August 21. The G20-HSFO Index advanced by $3/mt to $574/mt, while the G20-MGO Index climbed by $10/mt to $974/mt.
ICE Brent crude futures lost $0.06/bl to $84.42/bl on Monday.
VLSFO prices at the top ports mostly followed a positive trend. At Singapore prices rose by $6.50/mt to $643/mt, at Rotterdam they lost $3.50/mt to $597.50/mt, at Fujairah they advanced by $3/mt to $636/mt, and at Houston they climbed by $9.50/mt to $629/mt.
On Tuesday morning Brent crude futures were trading up by $0.29/bl at $84.71/bl as of 9:25 AM in London. In metric tonne terms that would be equivalent to a $2.18/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 611.00 | 1.50 | 730.00 | 7.00 |
| Rotterdam | 557.50 | 1.00 | 718.50 | 2.00 |
| Houston | 576.00 | 1.00 | 750.50 | 2.50 |
| Fujairah | 608.50 | 2.50 | 829.00 | 2.00 |
| Global 20 Ports Average | 624.50 | 2.50 | 817.50 | 3.00 |
| Global 4 Ports Average | 588.50 | 0.50 | 757.00 | 2.50 |
| Global Average Bunker Price | 678.50 | 3.50 | 883.50 | 2.00 |
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