World News
BUNKER PRICES: G20-VLSFO Index Rises for Sixth Day
Bunker prices mostly rose at ports around the world on Monday, with global average VLSFO prices climbing for a sixth consecutive trading session.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports jumped by $0.50/mt to $499/mt on Monday, remaining at its highest level since October 13.
The G20-HSFO Index fell by $2.50/mt to $444/mt, while the G20-MGO Index advanced by $7.50/mt to $773.50/mt.
ICE Brent crude futures slipped by $0.32/bl to $65.62/bl on Monday.
VLSFO prices at the top four ports mostly followed a negative trend. At Singapore prices fell by $1/mt to $460/mt, at Rotterdam they declined by $4.50/mt to $437/mt, at Fujairah they jumped by $6.50/mt to $461/mt, and at Houston they dropped by $8/mt to $456.50/mt.
On Tuesday morning Brent crude futures were trading down by $0.03/bl from the previous session's close at $65.59/bl as of 5:37 AM in London. In metric tonne terms that would be equivalent to a $0.23/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 460.00 | 1.00 | 721.00 | 3.50 |
| Rotterdam | 437.00 | 4.50 | 693.50 | 13.50 |
| Houston | 456.50 | 8.00 | 676.00 | 2.00 |
| Fujairah | 461.00 | 6.50 | 752.50 | 0.00 |
| Global 20 Ports Average | 499.00 | 0.50 | 773.50 | 7.50 |
| Global 4 Ports Average | 453.50 | 2.00 | 710.50 | 4.50 |
| Global Average Bunker Price | 540.50 | 1.50 | 807.00 | 9.00 |
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