World News
BUNKER PRICES: G20-VLSFO Index Drops to 10-Week Low
Bunker fuel prices dropped at ports around the world on Monday, with global average VLSFO prices sinking to the lowest level in 10 weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $3/mt to $573.50/mt on Monday, reaching its lowest level since December 23.
The G20-HSFO Index gained $2/mt to $508/mt, while the G20-MGO Index dropped by $1/mt to $771.50/mt.
ICE Brent crude futures dropped by $1.19/bl to $71.62/bl on Monday.
VLSFO prices at the top four ports followed a negative trend. At Singapore prices fell by $3.50/mt to $530/mt, at Rotterdam they lost $1/mt to $517/mt, at Fujairah they declined by $3/mt to $534/mt, and at Houston they sank by $1/mt to $536.50/mt.
On Monday morning Brent futures were trading down by $0.80/bl from the previous session's close at $70.82/bl as of 8:00 AM in London. In metric tonne terms that would be equivalent to a $6.02/mt fall on the day in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 530.00 | 3.50 | 660.50 | 2.00 |
| Rotterdam | 517.50 | 0.50 | 661.50 | 4.00 |
| Houston | 536.50 | 1.00 | 698.00 | 4.00 |
| Fujairah | 534.00 | 3.00 | 746.50 | 2.50 |
| Global 20 Ports Average | 573.50 | 3.00 | 771.50 | 1.00 |
| Global 4 Ports Average | 529.50 | 2.00 | 691.50 | 3.00 |
| Global Average Bunker Price | 617.50 | 9.50 | 807.50 | 2.50 |
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