World News
BUNKER PRICES: G20-VLSFO Index Advances for Fifth Session
Bunker fuel prices advanced at most ports on Monday, with global average VLSFO prices climbing for a fifth consecutive session.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $2.50/mt to $677/mt on Monday, reaching the highest level since November 6. The G20-HSFO Index rose by $3/mt to $546/mt, while the G20-MGO Index climbed by $3/mt to $904/mt.
ICE Brent crude futures lost $0.79/bl to $90.38/bl on Monday.
VLSFO prices at the top ports mostly followed a negative trend. At Singapore prices declined by $2.50/mt to $650.50/mt, at Rotterdam they gained $3/mt to $619/mt, at Fujairah they slipped by $2.50/mt to $649/mt, and at Houston they fell by $0.50/mt to $656.50/mt.
On Tuesday morning Brent futures were trading up by $0.16/bl from the previous session's close at $90.54/bl as of 6:24 AM in London. In metric tonne terms that would be equivalent to a $1.20/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 649.00 | 0.50 | 775.00 | 3.50 |
| Rotterdam | 603.50 | 1.50 | 759.50 | 11.50 |
| Houston | 626.50 | 2.50 | 794.00 | 2.00 |
| Fujairah | 649.00 | 0.50 | 904.50 | 6.50 |
| Global 20 Ports Average | 664.00 | 2.00 | 855.00 | 0.00 |
| Global 4 Ports Average | 632.00 | 1.00 | 808.00 | 4.00 |
| Global Average Bunker Price | 716.50 | 1.00 | 901.00 | 12.50 |
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