World News
BUNKER PRICES: G20-VLSFO Index Advances For First in Four Sessions
Bunker fuel prices advanced at most ports on Monday, with global VLSFO prices rising for the first in four sessions.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $1/mt to $633.50/mt on Monday, climbing for the first day since March 7. The G20-HSFO Index rose by $6.50/mt to $474/mt, while the G20-MGO Index advanced by $8/mt to $903.50/mt.
ICE Brent crude futures lost $2.01/bl to $80.77/bl on Monday.
VLSFO prices at the top ports had a mixed trend. At Singapore prices rose by $3.50/mt to $596.50/mt, at Rotterdam they climbed by $4.50/mt to $568/mt, at Fujairah they decllined by $5/mt to $595/mt and at Houston they were little changed at $607/mt.
On Tuesday morning Brent futures were trading down by $1.35/bl at $79.42/bl as of 8:59 AM in London. In metric tonner terms that would amount to a $10.17/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 548.00 | 0.50 | 677.50 | 2.00 |
| Rotterdam | 513.00 | 0.50 | 649.00 | 3.00 |
| Houston | 544.50 | 2.50 | 675.00 | 4.00 |
| Fujairah | 541.50 | 2.50 | 744.00 | 3.50 |
| Global 20 Ports Average | 572.00 | 2.50 | 758.00 | 2.50 |
| Global 4 Ports Average | 536.50 | 1.50 | 686.50 | 3.00 |
| Global Average Bunker Price | 624.00 | 2.50 | 801.00 | 3.50 |
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