World News
BUNKER PRICES: G20-VLSFO Index Rises to Seven-Week High
Bunker fuel prices advanced for a sixth consecutive session at most ports on Monday, leaving global VLSFO at the highest level in seven weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $4/mt to $663/mt on Monday, the highest level since December 6. The G20-HSFO Index advanced by $5/mt to $452/mt, while the G20-MGO Index jumped by $9/mt to $1,031.50/mt.
ICE Brent crude futures lost $0.82/bl to $84.46/bl on Monday.
VLSFO prices at the top ports had a similar positive trend. At Singapore prices advanced by $8.50/mt to $638.50/mt, at Rotterdam they rose by $7.50/mt to $578.50/mt, at Fujairah they climbed by $6.50/mt to $633.50/mt and at Houston they rose by $7/mt to $632/mt.
On Tuesday morning Brent futures were trading up by $0.83/bl at $85.29/bl as of 9:07 AM in London. In metric tonne terms that would amount to a $6.25/mt advance in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 645.00 | 2.00 | 767.50 | 11.50 |
| Rotterdam | 600.00 | 8.00 | 751.50 | 13.00 |
| Houston | 627.50 | 9.00 | 796.00 | 11.50 |
| Fujairah | 649.50 | 0.00 | 889.00 | 0.50 |
| Global 20 Ports Average | 665.00 | 0.50 | 864.00 | 6.50 |
| Global 4 Ports Average | 630.50 | 5.00 | 801.00 | 9.00 |
| Global Average Bunker Price | 722.50 | 2.50 | 922.50 | 3.00 |
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