World News
BUNKER PRICES: G20-VLSFO Index Climbs for Fourth Day
Bunker fuel prices advanced at most ports on Monday, with global average VLSFO prices climbing for a fourth consecutive session.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $0.50/mt to $596/mt on Monday, remaining at the highest level since October 25.
The G20-HSFO Index fell by $9.50/mt to $505.50/mt, while the G20-MGO Index jumped by $1.50/mt to $757/mt.
ICE Brent crude futures rose by $1.98/bl to $75.08/bl on Monday.
VLSFO prices at the top four ports followed a positive trend. At Singapore prices gained $6/mt to $596/mt, at Rotterdam they advanced by $0.50/mt to $524.50/mt, at Fujairah they climbed by $1/mt to $582.50/mt, and at Houston they rose by $7.50/mt to $538/mt.
On Tuesday morning Brent futures were trading up by $0.07/bl from the previous session's close at $75.15/bl as of 7:20 AM in London. In metric tonne terms that would be equivalent to a $0.53/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 596.00 | 6.00 | 687.00 | 14.50 |
| Rotterdam | 524.50 | 0.50 | 683.00 | 13.50 |
| Houston | 538.00 | 7.50 | 668.50 | 9.50 |
| Fujairah | 582.50 | 1.00 | 770.50 | 12.00 |
| Global 20 Ports Average | 596.00 | 0.50 | 757.00 | 1.50 |
| Global 4 Ports Average | 560.50 | 4.00 | 702.50 | 12.50 |
| Global Average Bunker Price | 643.00 | 2.00 | 811.50 | 0.50 |
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