World News
BUNKER PRICES: G20-VLSFO Index Rises for First in Five Sessions
Bunker prices mostly rose at ports around the world on Monday, with global average VLSFO prices advancing for the first in five consecutive trading sessions.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $3/mt to $495.50/mt on Monday, reaching its highest level since October 27.
The G20-HSFO Index rallied by $0.50/mt to $431.50/mt, while the G20-MGO Index slipped by $4/mt to $795/mt.
ICE Brent crude futures rose by $0.43/bl to $64.06/bl on Monday.
VLSFO prices at the top four ports mostly followed a positive trend. At Singapore prices rose by $3/mt to $468/mt, at Rotterdam they advanced by $4/mt to $439.50/mt, at Fujairah they fell by $1.50/mt to $462/mt, and at Houston they jumped by $5mt to $443.50/mt.
On Tuesday morning Brent crude futures were trading down by $0.27/bl from the previous session's close at $63.79/bl as of 6:56 AM in London. In metric tonne terms that would be equivalent to a $2.03/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 468.00 | 3.00 | 750.00 | 1.00 |
| Rotterdam | 439.50 | 4.00 | 713.50 | 7.00 |
| Houston | 443.50 | 5.00 | 692.00 | 14.50 |
| Fujairah | 462.00 | 1.50 | 745.00 | 0.50 |
| Global 20 Ports Average | 495.50 | 3.00 | 795.00 | 4.00 |
| Global 4 Ports Average | 453.00 | 2.50 | 725.00 | 5.50 |
| Global Average Bunker Price | 538.50 | 2.50 | 830.00 | 0.00 |
Popular Now More
-
Nov 10The company is looking for candidates with at least one year of professional experience, preferably in shipping, commodity trading, the supply chain or trade finance. -
Nov 06New AuctionConnect CEO Kenneth Juhls discusses a deal bringing in about 300,000-500,000 mt/year of marine fuels volumes to the platform. -
Nov 10They seek to leverage their respective strengths to strengthen the alternative fuels supply.