World News
BUNKER PRICES: G20-VLSFO Index Advances for Fourth Day
Bunker fuel prices rose at most ports on Monday, with global average VLSFO prices climbing for a fourth consecutive session.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $7.50/mt to $618/mt on Monday, reaching the highest level since August 2.
The G20-HSFO Index climbed by $5.50/mt to $517.50/mt, while the G20-MGO Index rose by $1/mt to $787.50/mt.
ICE Brent crude futures rose by $2.54/bl to $82.30/bl on Monday.
VLSFO prices at the top four ports followed a positive trend. At Singapore prices gained $7/mt to $572/mt, at Rotterdam they rose by $2.50/mt to $548.50/mt, at Fujairah they advanced by $1.50/mt to $600.50/mt, and at Houston they jumped by $13.50/mt to $564.50/mt.
On Tuesday morning Brent futures were trading down by $0.50/bl from the previous session's close at $81.80/bl as of 6:08 AM in London. In metric tonne terms that would be equivalent to a $3.77/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 569.50 | 0.00 | 680.00 | 0.00 |
| Rotterdam | 515.00 | 1.00 | 674.00 | 2.00 |
| Houston | 550.00 | 2.50 | 678.00 | 6.50 |
| Fujairah | 560.50 | 0.50 | 753.50 | 2.50 |
| Global 20 Ports Average | 586.00 | 0.00 | 761.00 | 2.00 |
| Global 4 Ports Average | 549.00 | 1.00 | 696.50 | 2.00 |
| Global Average Bunker Price | 634.50 | 1.00 | 800.50 | 2.00 |
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