World News
BUNKER PRICES: G20-VLSFO Index Advances to Four-Week High
Bunker fuel prices advanced at most ports on Monday, with global average VLSFO prices climbing to the highest level in almost four weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $2/mt to $664/mt on Monday, reaching the highest level since August 10. The G20-HSFO Index advanced by $1/mt to $578/mt, while the G20-MGO Index fell by $1.50/mt to $970/mt.
ICE Brent crude futures gained $0.45/bl to $89/bl on Monday.
VLSFO prices at the top ports mostly followed a positive trend. At Singapore prices were little changed at $641.50/mt, at Rotterdam they gained $3.50/mt to $613/mt, at Fujairah they advanced by $1.50/mt to $638/mt, and at Houston they climbed by $4/mt to $651/mt.
On Tuesday morning Brent crude futures were trading down by $0.61/bl at $88.39/bl as of 8:57 AM in London. In metric tonne terms that would be equivalent to a $4.59/mt fall 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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