World News
BUNKER PRICES: G20-VLSFO Index Climbs for Second Day
Bunker fuel prices advanced at most ports on Monday, with global average VLSFO prices rising for a second day and remaining at the highest level in almost six months.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports rose by $3/mt to $657.50/mt on Monday, remaining at the highest level since February 17. The G20-HSFO Index advanced by $1.50/mt to $579.50/mt, while the G20-MGO Index gained $1/mt to $929/mt.
ICE Brent crude futures lost $0.90/bl to $85.34/bl on Monday.
VLSFO prices at the top ports had a mixed trend. At Singapore prices rose by $4.50/mt to $643.50/mt, at Rotterdam they lost $5.50/mt to $615.50/mt, at Fujairah they declined by $1.50/mt to $637/mt, and at Houston they climbed by $5/mt to $610.50/mt.
On Tuesday morning Brent crude futures were trading down by $1.00/bl at $84.34/bl as of 9:24 AM in London. In metric tonne terms that would be equivalent to a $7.53/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 571.00 | 1.50 | 685.50 | 5.50 |
| Rotterdam | 516.50 | 1.50 | 677.50 | 3.50 |
| Houston | 556.00 | 6.00 | 679.00 | 1.00 |
| Fujairah | 565.00 | 4.50 | 755.00 | 1.50 |
| Global 20 Ports Average | 589.00 | 3.00 | 764.50 | 3.50 |
| Global 4 Ports Average | 552.00 | 3.00 | 699.00 | 2.50 |
| Global Average Bunker Price | 635.50 | 1.00 | 811.50 | 11.00 |
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