World News
BUNKER PRICES: G20-VLSFO Index Drops to One-Month Low
Bunker fuel prices sank at most ports on Monday, with global average VLSFO prices falling to the lowest level in almost a month.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports dropped by $7/mt to $630/mt on Monday, reaching the lowest level since June 24.
The G20-HSFO Index declined by $8.50/mt to $535/mt, while the G20-MGO Index sank by $9.50/mt to $818/mt.
ICE Brent crude futures slipped by $0.23/bl to $82.40/bl on Monday.
VLSFO prices at the top four ports followed a negative trend. At Singapore prices lost $8/mt to $616/mt, at Rotterdam they fell by $6.50/mt to $567.50/mt, at Fujairah they declined by $10.50/mt to $614/mt, and at Houston they dropped by $8.50/mt to $594/mt.
On Tuesday morning Brent futures were trading up by $0.01/bl from the previous session's close at $82.41/bl as of 6:12 AM in London. In metric tonne terms that would be equivalent to a $0.08/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 589.50 | 2.00 | 651.50 | 2.00 |
| Rotterdam | 552.50 | 5.00 | 650.50 | 3.00 |
| Houston | 537.50 | 2.00 | 658.50 | 8.00 |
| Fujairah | 578.50 | 4.00 | 760.50 | 2.00 |
| Global 20 Ports Average | 605.00 | 0.50 | 744.00 | 0.50 |
| Global 4 Ports Average | 564.50 | 0.00 | 680.00 | 1.50 |
| Global Average Bunker Price | 647.50 | 1.50 | 811.00 | 1.50 |
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