World News
BUNKER PRICES: G20-VLSFO Index Advances for First Day in Four
Bunker fuel prices climbed at most ports on Monday, with global average VLSFO prices advancing for the first in four consecutive sessions.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $9.50/mt to $668/mt on Monday, in its first daily advance since November 14. The G20-HSFO Index rose by $2.50/mt to $519.50/mt, while the G20-MGO Index jumped by $3/mt to $884.50/mt.
ICE Brent crude futures jumped by $1.71/bl to $82.32/bl on Monday.
VLSFO prices at the top ports mostly followed a positive trend. At Singapore prices rose by $28/mt to $706/mt, at Rotterdam they gained $8/mt to $581/mt, at Fujairah they advanced by $13.50mt to $671/mt, and at Houston they slipped by $1/mt to $565.50/mt.
On Tuesday morning Brent crude futures were trading down by $0.55/bl at $81.77/bl as of 8:29 AM in London. In metric tonne terms that would be equivalent to a $4.14/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 611.00 | 1.50 | 730.00 | 7.00 |
| Rotterdam | 557.50 | 1.00 | 718.50 | 2.00 |
| Houston | 576.00 | 1.00 | 750.50 | 2.50 |
| Fujairah | 608.50 | 2.50 | 829.00 | 2.00 |
| Global 20 Ports Average | 624.50 | 2.50 | 817.50 | 3.00 |
| Global 4 Ports Average | 588.50 | 0.50 | 757.00 | 2.50 |
| Global Average Bunker Price | 678.50 | 3.50 | 883.50 | 2.00 |
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