World News
BUNKER PRICES: G20-VLSFO Index Holds Steady as Crude Jumps
Bunker fuel prices were mixed in direction on Monday, with global average VLSFO prices holding steady overall despite a jump in crude futures.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports was little changed at $606.50/mt on Monday, having risen to the highest level since June 4 the previous session. The G20-HSFO Index slipped by $1.50/mt to $523.50/mt, while the G20-MGO Index climbed by $6/mt to $792.50/mt.
ICE Brent crude futures jumped by $2.01/bl to $81.63/bl on Monday.
VLSFO prices at the top ports were mixed in direction. At Singapore prices were little changed at $581/mt, at Rotterdam they climbed by $3/mt to $533.50/mt, at Fujairah they declined by $2.50/mt to $583.50/mt, and at Houston they fell by $3.50/mt to $567/mt.
On Tuesday morning Brent futures were trading up by $0.05/bl from the previous session's close at $81.68/bl as of 7:44 AM in London. In metric tonne terms that would be equivalent to a $0.38/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 623.00 | 7.00 | 758.00 | 7.50 |
| Rotterdam | 570.00 | 7.50 | 766.00 | 3.00 |
| Houston | 611.00 | 13.00 | 784.50 | 11.00 |
| Fujairah | 623.50 | 9.50 | 861.50 | 10.00 |
| Global 20 Ports Average | 633.50 | 6.00 | 844.00 | 0.00 |
| Global 4 Ports Average | 607.00 | 9.50 | 792.50 | 8.00 |
| Global Average Bunker Price | 672.50 | 7.00 | 899.50 | 1.00 |
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