World News
BUNKER PRICES: G20-VLSFO Index Slips to Six-Week Low
Bunker prices mostly declined at ports around the world on Monday, with global average VLSFO prices dropping to their lowest level in almost six weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports fell by $0.50/mt to $550/mt on Monday, reaching its lowest level since June 12.
The G20-HSFO Index was little changed at $467/mt, while the G20-MGO Index declined by $1.50/mt to $775/mt.
ICE Brent crude futures fell by $0.07/bl to $69.21/bl on Monday.
VLSFO prices at the top four ports mostly followed a negative trend. At Singapore prices fell by $3/mt to $516.50/mt, at Rotterdam they declined by $1.50/mt to $506/mt, at Fujairah they slipped by $3/mt to $511/mt, and at Houston they were little changed at $501.50/mt.
On Tuesday morning Brent crude futures were trading down by $0.41/bl from the previous session's close at $68.80/bl as of 7:21 AM in London. In metric tonne terms that would be equivalent to a $3.09/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 516.50 | 3.00 | 692.50 | 3.50 |
| Rotterdam | 506.00 | 1.50 | 713.50 | 14.00 |
| Houston | 501.50 | 0.00 | 732.50 | 10.00 |
| Fujairah | 511.00 | 3.00 | 750.00 | 2.50 |
| Global 20 Ports Average | 550.00 | 0.50 | 775.00 | 1.50 |
| Global 4 Ports Average | 508.50 | 2.00 | 722.00 | 1.50 |
| Global Average Bunker Price | 588.00 | 0.00 | 818.50 | 2.50 |
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