World News
BUNKER PRICES: G20-VLSFO Index Climbs to Five-Week High
Bunker prices mostly advanced at ports around the world on Monday, with global average VLSFO prices climbing to the highest level in more than five weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $5/mt to $531/mt on Monday, reaching its highest level since April 4.
The G20-HSFO Index jumped by $6/mt to $461.50/mt, while the G20-MGO Index rose by $6.50/mt to $707/mt.
ICE Brent crude futures jumped by $1.05/bl to $64.96/bl on Monday.
VLSFO prices at the top four ports followed a positive trend. At Singapore prices rose by $3/mt to $514/mt, at Rotterdam they advanced by $8/mt to $459/mt, at Fujairah they climbed by $10.50/mt to $508.50/mt, and at Houston they jumped by $9.50/mt to $460/mt.
On Tuesday morning Brent crude futures were trading down by $0.19/bl from the previous session's close at $64.77/bl as of 7:15 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 | 514.00 | 3.00 | 598.50 | 8.00 |
| Rotterdam | 459.00 | 8.00 | 606.50 | 9.50 |
| Houston | 460.00 | 9.50 | 609.50 | 7.00 |
| Fujairah | 508.50 | 10.50 | 717.50 | 7.50 |
| Global 20 Ports Average | 531.00 | 5.00 | 707.00 | 6.50 |
| Global 4 Ports Average | 485.50 | 8.00 | 633.00 | 8.00 |
| Global Average Bunker Price | 569.50 | 5.00 | 753.50 | 6.00 |
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