World News
BUNKER PRICES: G20-VLSFO Index Jumps to Three-Week High
Bunker prices mostly advanced at ports around the world on Monday, with global average VLSFO prices rising to their highest level in three weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $2.50/mt to $533.50/mt on Monday, reaching its highest level since August 11.
The G20-HSFO Index rose by $1.50/mt to $444/mt, while the G20-MGO Index slipped by $1.50/mt to $747.50/mt.
ICE Brent crude futures advanced by $0.67/bl to $68.15/bl on Monday.
VLSFO prices at the top four ports mostly followed a positive trend. At Singapore prices were little changed at $505/mt, at Rotterdam they advanced by $3/mt to $475.50/mt, at Fujairah they climbed by $2.50/mt to $510/mt, and at Houston they jumped by $3.50/mt to $497/mt.
On Tuesday morning Brent crude futures were trading up by $0.24/bl from the previous session's close at $68.39/bl as of 6:07 AM in London. In metric tonne terms that would be equivalent to a $1.81/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 505.00 | 0.00 | 660.00 | 5.50 |
| Rotterdam | 475.50 | 3.00 | 658.50 | 3.00 |
| Houston | 497.00 | 3.50 | 662.50 | 0.50 |
| Fujairah | 510.00 | 2.50 | 734.00 | 4.50 |
| Global 20 Ports Average | 533.50 | 2.50 | 747.50 | 1.50 |
| Global 4 Ports Average | 497.00 | 2.50 | 678.50 | 3.00 |
| Global Average Bunker Price | 569.50 | 1.00 | 792.50 | 2.00 |
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