World News
BUNKER PRICES: G20-VLSFO Index Drops to Two-Week Low
Bunker fuel prices declined at most ports on Monday, with global average VLSFO prices dropping to the lowest level in almost two weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports fell by $3/mt to $658/mt on Monday, reaching the lowest level since February 27. The G20-HSFO Index dropped by $2.50/mt to $511/mt, while the G20-MGO Index rose by $4/mt to $878/mt.
ICE Brent crude futures rose by $0.13/bl to $82.21/bl on Monday.
VLSFO prices at the top ports followed a negative trend. At Singapore prices lost $5.50/mt to $632.50/mt, at Rotterdam they declined by $0.50/mt to $585.50/mt, at Fujairah they dropped by $3/mt to $637/mt, and at Houston they sank by $1.50/mt to $636.50/mt.
On Tuesday morning Brent futures were up by $0.57/bl from the previous session's close at $82.78/bl as of 9:49 AM in London. In metric tonne terms that would equate to a $4.29/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 649.00 | 0.50 | 775.00 | 3.50 |
| Rotterdam | 603.50 | 1.50 | 759.50 | 11.50 |
| Houston | 626.50 | 2.50 | 794.00 | 2.00 |
| Fujairah | 649.00 | 0.50 | 904.50 | 6.50 |
| Global 20 Ports Average | 664.00 | 2.00 | 855.00 | 0.00 |
| Global 4 Ports Average | 632.00 | 1.00 | 808.00 | 4.00 |
| Global Average Bunker Price | 716.50 | 1.00 | 901.00 | 12.50 |
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