World News
BUNKER PRICES: G20-VLSFO Index Holds Steady as Crude Rises
Bunker prices were mixed in direction at ports around the world on Monday, with global average VLSFO prices holding steady overall despite a rise in crude futures.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports was little changed at $516.50/mt on Monday, remaining at its lowest level since May 6.
The G20-HSFO Index rose by $1/mt to $438/mt, while the G20-MGO Index jumped by $1.50/mt to $760/mt.
ICE Brent crude futures jumped by $0.45/bl to $67.44/bl on Monday.
VLSFO prices at the top four ports mostly followed a positive trend. At Singapore prices rose by $4.50/mt to $481.50/mt, at Rotterdam they declined by $7.50/mt to $460.50/mt, at Fujairah they advanced by $4.50/mt to $480/mt, and at Houston they climbed by $2.50/mt to $485.50/mt.
On Tuesday morning Brent crude futures were trading up by $0.08/bl from the previous session's close at $67.52/bl as of 6:25 AM in London. In metric tonne terms that would be equivalent to a $0.60/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 481.50 | 4.50 | 672.50 | 1.00 |
| Rotterdam | 460.50 | 7.50 | 671.50 | 1.50 |
| Houston | 485.50 | 2.50 | 679.00 | 6.50 |
| Fujairah | 480.00 | 4.50 | 728.00 | 5.00 |
| Global 20 Ports Average | 516.50 | 0.00 | 760.00 | 1.50 |
| Global 4 Ports Average | 477.00 | 1.00 | 688.00 | 3.00 |
| Global Average Bunker Price | 558.00 | 0.50 | 801.50 | 2.00 |
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