World News
BUNKER PRICES: G20-VLSFO Index Holds Steady as Crude Jumps
Bunker fuel prices were mixed in direction at ports around the world on Monday, with global average VLSFO prices holding steady overall despite a rise in crude futures.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports was little changed at $609.50/mt on Monday, having reached its lowest level since January 15 in the previous session.
The G20-HSFO Index gained $0.50/mt to $511/mt, while the G20-MGO Index declined by $4/mt to $783.50/mt.
ICE Brent crude futures rose by $0.29/bl to $75.96/bl on Monday.
VLSFO prices at the top four ports mostly followed a positive trend. At Singapore prices rose by $0.50/mt to $588.50/mt, at Rotterdam they advanced by $6.50/mt to $559/mt, at Fujairah they climbed by $3/mt to $578.50/mt, and at Houston they dropped by $1.50/mt to $564.50/mt.
On Tuesday morning Brent futures were trading down by $0.64/bl from the previous session's close at $75.32/bl as of 7:10 AM in London. In metric tonne terms that would be equivalent to a $4.82/mt fall on the day in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 588.50 | 0.50 | 703.50 | 4.00 |
| Rotterdam | 559.00 | 6.50 | 681.50 | 6.50 |
| Houston | 564.50 | 1.50 | 729.50 | 3.00 |
| Fujairah | 578.50 | 3.00 | 773.00 | 0.50 |
| Global 20 Ports Average | 609.50 | 0.00 | 783.50 | 4.00 |
| Global 4 Ports Average | 572.50 | 2.00 | 722.00 | 4.00 |
| Global Average Bunker Price | 651.00 | 0.50 | 831.00 | 3.00 |
Popular Now More
-
Feb 04But Trump's request to OPEC for cheaper oil falls on deaf ears. -
Feb 03Bunker Holding, Xeneta among those sharing their view with Ship & Bunker. -
Feb 03Nielsen is joining Shipergy as CCO in London as of this month.