World News
BUNKER PRICES: G20-VLSFO Index Jumps to One-Week High
Bunker prices mostly advanced at ports around the world on Monday, with global average VLSFO prices jumping to their highest level in more than a week.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $3.50/mt to $531/mt on Monday, reaching its highest level since August 15.
The G20-HSFO Index rose by $10/mt to $453/mt, while the G20-MGO Index climbed by $5.50/mt to $749.50/mt.
ICE Brent crude futures advanced by $1.07/bl to $68.80/bl on Monday.
VLSFO prices at the top four ports mostly followed a positive trend. At Singapore prices rose by $8.50/mt to $507/mt, at Rotterdam they sank by $0.50/mt to $471/mt, at Fujairah they climbed by $10/mt to $503/mt, and at Houston they advanced by $3/mt to $491.50/mt.
On Tuesday morning Brent crude futures were trading down by $0.30/bl from the previous session's close at $68.50/bl as of 5:53 AM in London. In metric tonne terms that would be equivalent to a $2.26/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 507.00 | 8.50 | 657.00 | 4.00 |
| Rotterdam | 471.00 | 0.50 | 650.00 | 4.00 |
| Houston | 491.50 | 3.00 | 668.00 | 5.00 |
| Fujairah | 503.00 | 10.00 | 732.00 | 4.00 |
| Global 20 Ports Average | 531.00 | 3.50 | 749.50 | 5.50 |
| Global 4 Ports Average | 493.00 | 5.00 | 676.50 | 4.00 |
| Global Average Bunker Price | 570.50 | 1.00 | 795.50 | 4.50 |
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