World News
BUNKER PRICES: G20-VLSFO Index Drops for Fourth Day
Bunker prices mostly fell at ports around the world on Monday, with global average VLSFO prices dropping for a fourth consecutive trading session.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $5/mt to $477/mt on Monday, remaining at its lowest level since February 2021.
The G20-HSFO Index slipped by $3/mt to $405.50/mt, while the G20-MGO Index declined by $15.50/mt to $779/mt.
ICE Brent crude futures rallied by $0.81/bl to $63.37/bl on Monday.
VLSFO prices at the top four ports mostly followed a negative trend. At Singapore prices fell by $8/mt to $442/mt, at Rotterdam they lost $4/mt to $411.50/mt, at Fujairah they declined by $6.50/mt to $436.50/mt, and at Houston they were little changed at $441.50/mt.
On Tuesday morning Brent crude futures were trading down by $0.35/bl from the previous session's close at $63.02/bl as of 6:30 AM in London. In metric tonne terms that would be equivalent to a $2.64/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 442.00 | 8.00 | 698.00 | 36.50 |
| Rotterdam | 411.50 | 4.00 | 695.50 | 26.00 |
| Houston | 441.50 | 0.00 | 703.50 | 16.00 |
| Fujairah | 436.50 | 6.50 | 719.50 | 10.50 |
| Global 20 Ports Average | 477.00 | 5.00 | 779.00 | 15.50 |
| Global 4 Ports Average | 433.00 | 4.50 | 704.00 | 22.50 |
| Global Average Bunker Price | 516.50 | 5.00 | 814.50 | 14.50 |
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