World News
BUNKER PRICES: G20-VLSFO Index Jumps to Nine-Week High
Bunker fuel prices advanced for a second consecutive session at most ports on Monday, with average VLSFO prices rising to the highest level in nine weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $8/mt to $695.50/mt on Monday, the highest level since November 17. The G20-HSFO Index advanced by $5.50/mt to $472/mt, while the G20-MGO Index jumped by $8.50/mt to $1,059.50/mt.
ICE Brent crude futures gained $0.56bl to $88.19/bl on Monday.
VLSFO prices at the top ports had a similar positive trend. At Singapore prices advanced by $13.50/mt to $698.50/mt, at Rotterdam they rose by $11/mt to $607.50/mt, at Fujairah they gained $8.50/mt to $678.50/mt and at Houston they rose by $15/mt to $648.50/mt.
On Tuesday morning Brent futures were trading up by $0.14/bl at $88.33/bl as of 9:12 AM in London. In metric tonne terms that would amount to a $1.05/mt advance 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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