World News
BUNKER PRICES: G20-VLSFO Index Advances for Third Session
Bunker fuel prices advanced at most ports on Monday, with global average VLSFO prices rising for a third consecutive session.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $4.50/mt to $603/mt on Monday, reaching the highest level since September 9.
The G20-HSFO Index sank by $2.50/mt to $480.50/mt, while the G20-MGO Index slipped by $1/mt to $738.50/mt.
ICE Brent crude futures fell by $0.59/bl to $73.90/bl on Monday.
VLSFO prices at the top four ports mostly followed a positive trend. At Singapore prices gained $7/mt to $604.50/mt, at Rotterdam they rose by $9.50/mt to $526.50/mt, at Fujairah they jumped by $8.50/mt to $591.50/mt, and at Houston they declined by $1.50/mt to $521/mt.
On Tuesday morning Brent futures were trading up by $0.82/bl from the previous session's close at $74.72/bl as of 6:40 AM in London. In metric tonne terms that would be equivalent to a $6.17/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 569.50 | 6.50 | 680.00 | 10.50 |
| Rotterdam | 514.00 | 2.50 | 676.00 | 7.50 |
| Houston | 547.50 | 0.00 | 671.50 | 1.50 |
| Fujairah | 561.00 | 0.50 | 751.00 | 1.50 |
| Global 20 Ports Average | 586.00 | 0.00 | 759.00 | 0.00 |
| Global 4 Ports Average | 548.00 | 2.00 | 694.50 | 5.00 |
| Global Average Bunker Price | 633.50 | 1.00 | 798.50 | 0.50 |
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