World News
BUNKER PRICES: G20-VLSFO Index Jumps to Two-Week High
Bunker fuel prices climbed at most ports on Monday, with average global VLSFO prices advancing to the highest level in almost two weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports rose by $11/mt to $594.50/mt on Monday, reaching the highest level since May 24. The G20-HSFO Index advanced by $10/mt to $494.50/mt, while the G20-MGO Index jumped by $17.50/mt to $781.50/mt.
ICE Brent crude futures gained $0.58/bl to $76.71/bl on Monday.
VLSFO prices at the top ports had a positive trend. At Singapore prices rose by $24/mt to $585.50/mt, at Rotterdam they climbed by $14/mt to $548.50/mt, at Fujairah they advanced by $19/mt to $566.50/mt, and at Houston they gained $11/mt to $531/mt.
On Tuesday morning Brent crude futures were trading down by $1.11/bl at $75.60/bl as of 8:20 AM in London. In metric tonne terms that would be equivalent to an $8.36/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 571.00 | 1.50 | 685.50 | 5.50 |
| Rotterdam | 516.50 | 1.50 | 677.50 | 3.50 |
| Houston | 556.00 | 6.00 | 679.00 | 1.00 |
| Fujairah | 565.00 | 4.50 | 755.00 | 1.50 |
| Global 20 Ports Average | 589.00 | 3.00 | 764.50 | 3.50 |
| Global 4 Ports Average | 552.00 | 3.00 | 699.00 | 2.50 |
| Global Average Bunker Price | 635.50 | 1.00 | 811.50 | 11.00 |
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