World News
BUNKER PRICES: G20-VLSFO Index Drops for Sixth Session
Bunker fuel prices fell at most ports on Monday, with global average VLSFO prices declining for a sixth consecutive session.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $0.50/mt to $602/mt on Monday, remaining at the lowest level since October 1.
The G20-HSFO Index rose by $9/mt to $509/mt, while the G20-MGO Index rallied by $2.50/mt to $744.50/mt.
ICE Brent crude futures rose by $1.23/bl to $74.29/bl on Monday.
VLSFO prices at the top four ports were mixed in direction. At Singapore prices lost $3.50/mt to $589/mt, at Rotterdam they were little changed at $547.50/mt, at Fujairah they slipped by $4/mt to $576/mt, and at Houston they gained $0.50/mt to $534/mt.
On Tuesday morning Brent futures were trading down by $0.35/bl from the previous session's close at $73.94/bl as of 6:20 AM in London. In metric tonne terms that would be equivalent to a $2.64/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 589.00 | 3.50 | 656.50 | 1.50 |
| Rotterdam | 547.50 | 0.00 | 647.00 | 1.00 |
| Houston | 534.00 | 0.50 | 655.00 | 2.00 |
| Fujairah | 576.00 | 4.00 | 755.50 | 4.50 |
| Global 20 Ports Average | 602.00 | 0.50 | 744.50 | 2.50 |
| Global 4 Ports Average | 561.50 | 2.00 | 678.50 | 1.50 |
| Global Average Bunker Price | 645.00 | 2.50 | 807.50 | 1.50 |
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