World News
BUNKER PRICES: G20-VLSFO Index Drops to 11-Week Low
Bunker prices mostly declined at ports around the world on Monday, with global average VLSFO prices slipping to their lowest level in 11 weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports fell by $3/mt to $528.50/mt on Monday, reaching its lowest level since May 30.
The G20-HSFO Index declined by $2.50/mt to $449/mt, while the G20-MGO Index sank by $3/mt to $740.50/mt.
ICE Brent crude futures rose by $0.75/bl to $66.60/bl on Monday.
VLSFO prices at the top four ports followed a negative trend. At Singapore prices fell by $0.50/mt to $497.50/mt, at Rotterdam they declined by $3.50/mt to $471/mt, at Fujairah they sank by $0.50/mt to $487.50/mt, and at Houston they dropped by $5.50/mt to $480.50/mt.
On Tuesday morning Brent crude futures were trading down by $0.28/bl from the previous session's close at $66.32/bl as of 7:06 AM in London. In metric tonne terms that would be equivalent to a $2.11/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 497.50 | 0.50 | 638.50 | 7.00 |
| Rotterdam | 471.00 | 3.50 | 650.00 | 5.00 |
| Houston | 480.50 | 5.50 | 652.00 | 12.00 |
| Fujairah | 487.50 | 0.50 | 721.00 | 2.00 |
| Global 20 Ports Average | 528.50 | 3.00 | 740.50 | 3.00 |
| Global 4 Ports Average | 484.00 | 2.50 | 665.50 | 5.50 |
| Global Average Bunker Price | 567.00 | 2.00 | 783.00 | 2.50 |
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