World News
BUNKER PRICES: G20-VLSFO Index Rallies
Bunker fuel prices advanced at most ports on Monday, with average global VLSFO prices almost erasing Friday's decline.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports rose by $3.50/mt to $595.50/mt on Monday, rallying from a three-day low on Friday. The G20-HSFO Index gained $4/mt to $489/mt, while the G20-MGO Index advanced by $1/mt to $776.50/mt.
ICE Brent crude futures gained $0.12/bl to $77.07/bl on Monday. Trading in oil markets was thin with public holidays in the UK and US.
VLSFO prices at the top ports had a mixed trend. At Singapore prices fell by $1.50/mt to $578/mt, at Rotterdam they advanced by $4.50/mt to $539/mt, at Fujairah they climbed by $4.50/mt to $565.50/mt, and at Houston they were little changed at $531.50/mt.
On Tuesday morning Brent crude futures were trading down by $0.88/bl at $76.19/bl as of 9:43 AM in London. In metric tonne terms that would be equivalent to a $6.63/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 647.50 | 1.00 | 770.00 | 3.50 |
| Rotterdam | 601.50 | 2.50 | 754.00 | 2.00 |
| Houston | 619.00 | 11.50 | 795.50 | 3.00 |
| Fujairah | 651.50 | 1.00 | 895.00 | 2.00 |
| Global 20 Ports Average | 664.00 | 1.50 | 856.50 | 2.00 |
| Global 4 Ports Average | 630.00 | 3.00 | 803.50 | 2.50 |
| Global Average Bunker Price | 718.00 | 0.50 | 914.50 | 0.50 |
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