World News
BUNKER PRICES: G20-VLSFO Index Little Changed as Crude Advances
Bunker fuel prices were mixed in direction at ports around the world on Monday, with global average VLSFO prices little changed overall despite a rise in crude futures.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports was little changed at $551.50/mt on Monday, having fallen by $1.50/mt in the previous session.
The G20-HSFO Index was little changed at $492/mt, while the G20-MGO Index rose by $3/mt to $743.50/mt.
ICE Brent crude futures advanced by $0.49/bl to $71.07/bl on Monday.
VLSFO prices at the top four ports mostly followed a positive trend. At Singapore prices rose by $2/mt to $513.50/mt, at Rotterdam they were little changed at $497/mt, at Fujairah they advanced by $1.50/mt to $511/mt, and at Houston they jumped by $2.50/mt to $524.50/mt.
On Tuesday morning Brent futures were trading up by $0.37/bl from the previous session's close at $71.44/bl as of 7:11 AM in London. In metric tonne terms that would be equivalent to a $2.79/mt rise on the day in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 518.50 | 5.00 | 648.00 | 3.00 |
| Rotterdam | 497.00 | 0.00 | 631.00 | 1.50 |
| Houston | 531.50 | 7.00 | 675.50 | 9.50 |
| Fujairah | 514.00 | 3.00 | 744.00 | 1.00 |
| Global 20 Ports Average | 553.00 | 1.50 | 746.00 | 2.50 |
| Global 4 Ports Average | 515.50 | 4.00 | 674.50 | 3.50 |
| Global Average Bunker Price | 596.50 | 0.00 | 778.50 | 2.00 |
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