World News
BUNKER PRICES: G20-VLSFO Index Jumps to Four-Month High
Bunker fuel prices advanced at most ports on Monday, with global average VLSFO prices climbing to the highest level in almost four months.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports rose by $3.50/mt to $669.50/mt on Monday, reaching the highest level since November 23. The G20-HSFO Index rose by $9.50/mt to $528.50/mt, while the G20-MGO Index advanced by $5/mt to $886.50/mt.
ICE Brent crude futures jumped by $1.55/bl to $86.89/bl on Monday.
VLSFO prices at the top ports followed a positive trend. At Singapore prices gained $5.50/mt to $650.50/mt, at Rotterdam they advanced by $4/mt to $602.50/mt, at Fujairah they rose by $2.50/mt to $649.50/mt, and at Houston they climbed by $10.50/mt to $656/mt.
On Tuesday morning Brent futures were down by $0.17/bl from the previous session's close at $86.72/bl as of 6:40 AM in London. In metric tonne terms that would equate to a $1.28/mt fall 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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