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 | 571.00 | 1.50 | 685.50 | 5.50 |
| Rotterdam | 516.50 | 1.50 | 677.50 | 3.50 |
| Houston | 556.00 | 6.00 | 679.00 | 1.00 |
| Fujairah | 565.00 | 4.50 | 755.00 | 1.50 |
| Global 20 Ports Average | 589.00 | 3.00 | 764.50 | 3.50 |
| Global 4 Ports Average | 552.00 | 3.00 | 699.00 | 2.50 |
| Global Average Bunker Price | 635.50 | 1.00 | 811.50 | 11.00 |
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