World News
BUNKER PRICES: G20-VLSFO Index Advances With Crude
Bunker prices mostly advanced at ports around the world on Monday, with global average VLSFO prices jumping with crude futures.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports rose by $3.50/mt to $531.50/mt on Monday, having reached its lowest level since May 9 in the previous session.
The G20-HSFO Index slipped by $0.50/mt to $456.50/mt, while the G20-MGO Index advanced by $5/mt to $708/mt.
ICE Brent crude futures climbed by $1.85/bl to $64.63/bl on Monday.
VLSFO prices at the top four ports mostly followed a positive trend. At Singapore prices rose by $3/mt to $505/mt, at Rotterdam they advanced by $3.50/mt to $472/mt, at Fujairah they rallied by $4/mt to $498.50/mt, and at Houston they dropped by $2.50/mt to $468/mt.
On Tuesday morning Brent crude futures were trading up by $0.18/bl from the previous session's close at $64.81/bl as of 6:26 AM in London. In metric tonne terms that would be equivalent to an $1.36/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 511.50 | 5.50 | 609.50 | 3.00 |
| Rotterdam | 475.50 | 1.00 | 616.50 | 2.00 |
| Houston | 474.50 | 0.00 | 614.50 | 7.50 |
| Fujairah | 501.50 | 5.50 | 711.00 | 0.50 |
| Global 20 Ports Average | 533.50 | 2.50 | 709.00 | 1.00 |
| Global 4 Ports Average | 490.50 | 3.00 | 638.00 | 0.50 |
| Global Average Bunker Price | 571.00 | 1.50 | 754.00 | 1.00 |
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