World News
BUNKER PRICES: G20-VLSFO Index Climbs to One-Month High
Bunker fuel prices jumped at most ports on Monday, with global average VLSFO prices advancing to the highest level in a month.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $1/mt to $616/mt on Monday, reaching the highest level since September 5.
The G20-HSFO Index rose by $0.50/mt to $515.50/mt, while the G20-MGO Index advanced by $6.50/mt to $763.50/mt.
ICE Brent crude futures rose by $2.88/bl to $80.93/bl on Monday.
VLSFO prices at the top four ports followed a positive trend. At Singapore prices gained $7.50/mt to $610/mt, at Rotterdam they rose by $4.50/mt to $545/mt, at Fujairah they advanced by $4/mt to $596.50/mt, and at Houston they jumped by $1.50/mt to $554/mt.
On Tuesday morning Brent futures were trading down by $1.43/bl from the previous session's close at $79.50/bl as of 10:51 AM in Singapore. In metric tonne terms that would be equivalent to a $10.77/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 610.00 | 7.50 | 690.00 | 14.00 |
| Rotterdam | 545.00 | 4.50 | 678.50 | 13.00 |
| Houston | 554.00 | 1.50 | 687.50 | 2.00 |
| Fujairah | 596.50 | 4.00 | 782.50 | 0.50 |
| Global 20 Ports Average | 616.00 | 1.00 | 763.50 | 6.50 |
| Global 4 Ports Average | 576.50 | 4.50 | 709.50 | 7.00 |
| Global Average Bunker Price | 657.00 | 4.00 | 831.50 | 7.00 |
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