World News
BUNKER PRICES: G20-VLSFO Index Rallies
Bunker fuel prices advanced at most ports on Monday, with global average VLSFO prices reversing a decline seen in the previous session.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $1.50/mt to $668.50/mt on Monday, reversing Friday's loss of the same size. The G20-HSFO Index lost $1.50/mt to $591/mt, while the G20-MGO Index jumped by $15/mt to $1,000/mt.
ICE Brent crude futures lost $0.01/bl to $90.64/bl on Monday.
VLSFO prices at the top ports were mixed in direction. At Singapore prices lost $2/mt to $653.50/mt, at Rotterdam they climbed by $1/mt to $618.50/mt, at Fujairah they were little changed at $648/mt, and at Houston they jumped by $4/mt to $663/mt.
On Tuesday morning Brent crude futures were trading up by $0.53/bl at $91.17/bl as of 9:53 AM in London. In metric tonne terms that would be equivalent to a $3.99/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 602.50 | 13.50 | 676.00 | 10.00 |
| Rotterdam | 540.50 | 6.50 | 665.50 | 18.00 |
| Houston | 552.50 | 21.50 | 685.50 | 25.00 |
| Fujairah | 592.50 | 17.50 | 783.00 | 10.00 |
| Global 20 Ports Average | 615.00 | 12.00 | 757.00 | 15.00 |
| Global 4 Ports Average | 572.00 | 14.50 | 702.50 | 16.00 |
| Global Average Bunker Price | 653.00 | 9.50 | 824.50 | 9.50 |
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