World News
BUNKER PRICES: G20-VLSFO Index Jumps to Four-Week High
Bunker fuel prices advanced at most ports on Monday, with global average VLSFO jumping to the highest level in four weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $1.50/mt to $578.50/mt on Monday, reaching its highest level since December 5.
The G20-HSFO Index fell by $4/mt to $500/mt, while the G20-MGO Index advanced by $8.50/mt to $760/mt.
ICE Brent crude futures jumped by $0.20/bl to $73.99/bl on Monday.
VLSFO prices at the top four ports followed a positive trend. At Singapore prices gained $2/mt to $557/mt, at Rotterdam they advanced by $3/mt to $519.50/mt, at Fujairah they jumped by $1.50/mt to $549.50/mt, and at Houston they climbed by $5/mt to $561/mt.
On Tuesday morning Brent futures were trading up by $0.38/bl from the previous session's close at $74.37/bl as of 9:14 AM in London. In metric tonne terms that would be equivalent to a $2.86/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 562.00 | 3.00 | 694.50 | 4.00 |
| Rotterdam | 525.00 | 0.50 | 663.50 | 5.50 |
| Houston | 561.50 | 1.50 | 699.50 | 6.50 |
| Fujairah | 556.50 | 2.00 | 757.00 | 2.00 |
| Global 20 Ports Average | 582.50 | 0.50 | 767.50 | 1.00 |
| Global 4 Ports Average | 551.00 | 1.00 | 703.50 | 4.50 |
| Global Average Bunker Price | 633.00 | 2.00 | 813.00 | 5.50 |
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