World News
BUNKER PRICES: G20-VLSFO Index Declines for Fifth Session
Bunker fuel prices declined at most ports on Monday, with global VLSFO prices dropping for a fifth consecutive session.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $6/mt to $654/mt on Monday, reaching the lowest point since January 12. The G20-HSFO Index slipped by $1.50/mt to $456.50/mt, while the G20-MGO Index declined by $3.50/mt to $931/mt.
ICE Brent crude futures gained $1.07bl to $84.07/bl on Monday.
VLSFO prices at the top ports had a mixed trend. At Singapore prices fell by $8.50/mt to $622/mt, at Rotterdam they rallied by $8/mt to $578/mt, at Fujairah they advanced by $1/mt to $626.50/mt and at Houston they slipped by $8/mt to $613/mt.
On Tuesday morning Brent futures were trading down by $0.78/bl at $83.29/bl as of 9:53 AM in London. In metric tonner terms that would amount to a $5.87/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 571.00 | 1.50 | 685.50 | 5.50 |
| Rotterdam | 516.50 | 1.50 | 677.50 | 3.50 |
| Houston | 556.00 | 6.00 | 679.00 | 1.00 |
| Fujairah | 565.00 | 4.50 | 755.00 | 1.50 |
| Global 20 Ports Average | 589.00 | 3.00 | 764.50 | 3.50 |
| Global 4 Ports Average | 552.00 | 3.00 | 699.00 | 2.50 |
| Global Average Bunker Price | 635.50 | 1.00 | 811.50 | 11.00 |
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