World News
BUNKER PRICES: G20-VLSFO Index Advances for Third Day
Bunker fuel prices jumped at most ports on Monday, with global average VLSFO prices rising for a third consecutive session.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $4.50/mt to $623/mt on Monday, reaching the highest level since December 7. The G20-HSFO Index fell by $0.50/mt to $502/mt, while the G20-MGO Index jumped by $5.50/mt to $854.50/mt.
ICE Brent crude futures advanced by $1.40/bl to $77.95/bl on Monday.
VLSFO prices at the top ports mostly followed a positive trend. At Singapore prices rose by $3.50/mt to $599/mt, at Rotterdam they lost $6/mt to $541/mt, at Fujairah they jumped by $6.50/mt to $606/mt, and at Houston they advanced by $2.50/mt to $559.50/mt.
On Tuesday morning Brent crude futures were trading up by $0.09/bl at $78.06/bl as of 6:08 AM in London. In metric tonne terms that would be equivalent to a $0.68/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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