World News
BUNKER PRICES: G20-VLSFO Index Steady as Crude Drops
Bunker fuel prices were mixed in direction at ports around the world on Monday, with global average VLSFO prices holding steady overall despite a drop in crude.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports was little changed at $552/mt on Monday, having reached its lowest level since September 2021 in the previous session.
The G20-HSFO Index rose by $3/mt to $496.50/mt, while the G20-MGO Index jumped by $3.50/mt to $749/mt.
ICE Brent crude futures declined by $1.08/bl to $69.28/bl on Monday.
VLSFO prices at the top four ports mostly followed a positive trend. At Singapore prices rose by $2.50/mt to $508/mt, at Rotterdam they lost $2/mt to $494/mt, at Fujairah they advanced by $4/mt to $510/mt, and at Houston they rose by $5/mt to $521/mt.
On Tuesday morning Brent futures were trading up by $0.45/bl from the previous session's close at $69.73/bl as of 10:01 AM in London. In metric tonne terms that would be equivalent to a $3.39/mt rise on the day in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 486.00 | 10.00 | 596.00 | 12.50 |
| Rotterdam | 442.50 | 1.00 | 601.00 | 5.00 |
| Houston | 456.00 | 1.50 | 606.50 | 6.50 |
| Fujairah | 480.50 | 8.00 | 710.50 | 9.50 |
| Global 20 Ports Average | 518.00 | 3.00 | 698.00 | 1.50 |
| Global 4 Ports Average | 466.00 | 4.00 | 628.50 | 5.00 |
| Global Average Bunker Price | 567.00 | 0.50 | 753.00 | 0.50 |
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