Bunker prices mostly rallied at ports around the world on Monday, with global average VLSFO prices climbing for the first in six consecutive trading sessions.
Ship & Bunker’s G20-VLSFO Index of prices across 20 leading bunkering ports rose by $/mt to $/mt on Monday, having reached its lowest level since May 2021 at the end of last week.
The G20-HSFO Index advanced by $/mt to $/mt, while the G20-MGO Index jumped by $2/mt to $/mt.
ICE Brent crude futures advanced by $/bl to $/bl on Monday.
VLSFO prices at the top four ports mostly followed a positive trend. At Singapore prices rose by $/mt to $/mt, at Rotterdam they gained $/mt to $/mt, at Fujairah they climbed by $5/mt to $/mt, and at Houston they fell by $/mt to $/mt.
On Tuesday morning Brent crude futures were trading up by $/bl from the previous session’s close at $/bl as of 5:32 AM in London. In metric tonne terms that would be equivalent to a $/mt rise in bunker prices.
