World News
BUNKER PRICES: G20-VLSFO Index Jumps to Eight-Week High
Bunker fuel prices advanced at most ports on Monday, with average global VLSFO prices jumping to the highest level in almost eight weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports rose by $9.50/mt to $611/mt on Monday, reaching the highest level since April 25. The G20-HSFO Index gained $5.50/mt to $505.50/mt, while the G20-MGO Index climbed by $10/mt to $798/mt.
ICE Brent crude futures lost $0.52/bl to $76.09/bl on Monday.
VLSFO prices at the top ports had a positive trend. At Singapore prices jumped by $14.50/mt to $616.50/mt, at Rotterdam they rose by $5/mt to $555.50/mt, at Fujairah they advanced by $14/mt to $605/mt, and at Houston they surged by $20/mt to $546.50/mt.
On Tuesday morning Brent crude futures were trading up by $0.42/bl at $76.51/bl as of 9:35 AM in London. In metric tonne terms that would be equivalent to a $3.16/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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