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.
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.
