World News
BUNKER PRICES: G20-VLSFO Index Slips for First Session in Six
Bunker fuel prices declined at most ports on Monday, with global average VLSFO prices dropping for the first in six consecutive sessions.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $1/mt to $627.50/mt on Monday, having reaching the highest level since May 29 in the previous session.
The G20-HSFO Index fell by $3/mt to $540.50/mt, while the G20-MGO Index advanced by $26.50/mt to $844/mt.
ICE Brent crude futures rose by $0.77/bl to $86.01/bl on Monday.
VLSFO prices at the top ports followed a positive trend. At Singapore prices gained $0.50/mt to $616/mt, at Rotterdam they rose by $1.50/mt to $562.50/mt, at Fujairah they advanced by $2.50/mt to $614/mt, and at Houston they climbed by $6.50/mt to $598/mt.
On Tuesday morning Brent futures were trading up by $0.07/bl from the previous session's close at $86.08/bl as of 6:27 AM in London. In metric tonne terms that would be equivalent to a $0.53/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 569.50 | 0.00 | 680.00 | 0.00 |
| Rotterdam | 515.00 | 1.00 | 674.00 | 2.00 |
| Houston | 550.00 | 2.50 | 678.00 | 6.50 |
| Fujairah | 560.50 | 0.50 | 753.50 | 2.50 |
| Global 20 Ports Average | 586.00 | 0.00 | 761.00 | 2.00 |
| Global 4 Ports Average | 549.00 | 1.00 | 696.50 | 2.00 |
| Global Average Bunker Price | 634.50 | 1.00 | 800.50 | 2.00 |
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