World News
BUNKER PRICES: G20-VLSFO Index Advances for Third Day
Bunker fuel prices advanced at most ports around the world on Monday, with global average VLSFO climbing for a third consecutive session.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $0.50/mt to $587.50/mt on Monday, remaining at its highest level since November 26.
The G20-HSFO Index fell by $1.50/mt to $501/mt, while the G20-MGO Index climbed by $5.50/mt to $776/mt.
ICE Brent crude futures slipped by $0.21/bl to $76.30/bl on Monday.
VLSFO prices at the top four ports followed a positive trend. At Singapore prices gained $5/mt to $570/mt, at Rotterdam they advanced by $2.50/mt to $529/mt, at Fujairah they jumped by $1.50/mt to $561/mt, and at Houston they rose by $2.50/mt to $566/mt.
On Tuesday morning Brent futures were trading little changed from the previous session's close at $76.30/bl as of 6:08 AM in London.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 567.50 | 2.50 | 698.50 | 3.50 |
| Rotterdam | 532.00 | 3.00 | 673.50 | 7.00 |
| Houston | 573.50 | 7.50 | 718.50 | 2.00 |
| Fujairah | 562.00 | 1.00 | 756.00 | 1.50 |
| Global 20 Ports Average | 587.00 | 0.50 | 768.50 | 7.50 |
| Global 4 Ports Average | 558.50 | 2.00 | 711.50 | 1.50 |
| Global Average Bunker Price | 624.50 | 4.50 | 813.00 | 2.00 |
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