World News
BUNKER PRICES: G20-VLSFO Index Jumps to Two-Week High
Bunker fuel prices advanced at most ports on Monday, with global average VLSFO prices climbing to the highest level in almost two weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports rose by $2/mt to $666/mt on Monday, reaching the highest level since April 17. The G20-HSFO Index jumped by $3/mt to $551/mt, while the G20-MGO Index gained $1/mt to $856/mt.
ICE Brent crude futures fell by $1.10/bl to $88.40/bl on Monday.
VLSFO prices at the top ports were mixed in direction. At Singapore prices were little changed at $649/mt, at Rotterdam they declined by $1/mt to $602.50/mt, at Fujairah they slipped by $0.50/mt to $648.50/mt, and at Houston they climbed by $4/mt to $630.50/mt.
On Tuesday morning Brent futures were trading down by $0.19/bl from the previous session's close at $88.21/bl as of 7:27 AM in London. In metric tonne terms that would be equivalent to a $1.43/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 626.00 | 1.50 | 741.00 | 9.00 |
| Rotterdam | 577.00 | 6.00 | 757.00 | 1.00 |
| Houston | 593.50 | 2.00 | 767.00 | 7.00 |
| Fujairah | 628.00 | 1.00 | 882.00 | 4.50 |
| Global 20 Ports Average | 638.00 | 1.00 | 826.50 | 7.50 |
| Global 4 Ports Average | 606.00 | 2.00 | 786.50 | 4.50 |
| Global Average Bunker Price | 689.00 | 1.00 | 880.00 | 1.00 |
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