World News
BUNKER PRICES: G20-VLSFO Index Jumps to Near Two-Week High
Bunker fuel prices advanced at most ports on Monday, with global average VLSFO prices climbing to the highest level in almost two weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $2/mt to $577.50/mt on Monday, reaching the highest level since December 5.
The G20-HSFO Index jumped by $2/mt to $501.50/mt, while the G20-MGO Index rose by $0.50/mt to $757/mt.
ICE Brent crude futures declined by $0.58/bl to $73.91/bl on Monday.
VLSFO prices at the top four ports followed a positive trend. At Singapore prices gained $0.50/mt to $549.50/mt, at Rotterdam they advanced by $6/mt to $511.50/mt, at Fujairah they rose by $1.50/mt to $544/mt, and at Houston they jumped by $8.50/mt to $559/mt.
On Tuesday morning Brent futures were trading up by $0.20/bl from the previous session's close at $74.11/bl as of 6:48 AM in London. In metric tonne terms that would be equivalent to a $1.51/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 549.50 | 0.50 | 685.50 | 5.00 |
| Rotterdam | 511.50 | 6.00 | 649.50 | 1.00 |
| Houston | 559.00 | 8.50 | 679.50 | 7.00 |
| Fujairah | 544.00 | 1.50 | 747.50 | 2.50 |
| Global 20 Ports Average | 577.50 | 2.00 | 757.00 | 0.50 |
| Global 4 Ports Average | 541.00 | 4.00 | 690.50 | 2.50 |
| Global Average Bunker Price | 626.50 | 2.00 | 808.00 | 2.00 |
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