World News
BUNKER PRICES: G20-VLSFO Index Rallies
Bunker fuel prices were mixed in direction on Monday, with average global VLSFO prices posting a small advance after Friday's decline.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports rose by $0.50/mt to $589.50/mt on Monday, following a decline of $6/mt the previous session. The G20-HSFO Index slipped by $3/mt to $486.50/mt, while the G20-MGO Index lost $6.50/mt to $774.50/mt.
ICE Brent crude futures gained $0.41/bl to $75.99/bl on Monday.
VLSFO prices at the top ports had a mixed trend. At Singapore prices fell by $8/mt to $579/mt, at Rotterdam they declined by $0.50/mt to $532.50/mt, at Fujairah they gained $2/mt to $564/mt, and at Houston they sank by $3.50/mt to $533.50/mt.
On Tuesday morning Brent crude futures were trading down by $0.02/bl at $75.97/bl as of 8:22 AM in London. In metric tonne terms that would be equivalent to a $0.15/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 647.50 | 1.00 | 770.00 | 3.50 |
| Rotterdam | 601.50 | 2.50 | 754.00 | 2.00 |
| Houston | 619.00 | 11.50 | 795.50 | 3.00 |
| Fujairah | 651.50 | 1.00 | 895.00 | 2.00 |
| Global 20 Ports Average | 664.00 | 1.50 | 856.50 | 2.00 |
| Global 4 Ports Average | 630.00 | 3.00 | 803.50 | 2.50 |
| Global Average Bunker Price | 718.00 | 0.50 | 914.50 | 0.50 |
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