World News
BUNKER PRICES: G20-VLSFO Index Advances to Two-Week High
Bunker fuel prices rose at most ports on Monday, with global average VLSFO prices climbing to the highest level in two weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports rose by $8/mt to $680/mt on Monday, reaching the highest level since October 2. The G20-HSFO Index gained $7.50/mt to $552/mt, while the G20-MGO Index advanced by $7/mt to $967/mt.
ICE Brent crude futures fell by $1.24/bl to $89.65/bl on Monday.
VLSFO prices at the top ports followed a positive trend. At Singapore prices rose by $17/mt to $680.50/mt, at Rotterdam they gained $9.50/mt to $622.50/mt, at Fujairah they advanced by $9/mt to $666.50/mt, and at Houston they climbed by $16.50/mt to $635/mt.
On Tuesday morning Brent crude futures were trading up by $0.40/bl at $90.05/bl as of 8:31 AM in London. In metric tonne terms that would be equivalent to a $3.01/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 602.50 | 13.50 | 676.00 | 10.00 |
| Rotterdam | 540.50 | 6.50 | 665.50 | 18.00 |
| Houston | 552.50 | 21.50 | 685.50 | 25.00 |
| Fujairah | 592.50 | 17.50 | 783.00 | 10.00 |
| Global 20 Ports Average | 615.00 | 12.00 | 757.00 | 15.00 |
| Global 4 Ports Average | 572.00 | 14.50 | 702.50 | 16.00 |
| Global Average Bunker Price | 653.00 | 9.50 | 824.50 | 9.50 |
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