World News
BUNKER PRICES: G20-VLSFO Index Slips for First Session in Six
Bunker fuel prices declined at most ports on Monday, with global average VLSFO prices slipping for the first in six consecutive sessions..
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $2/mt to $685/mt on Monday, having reached the highest level since February 2 on Friday. The G20-HSFO Index fell by $2.50/mt to $601/mt, while the G20-MGO Index dropped by $2.50/mt to $1,021.50/mt.
ICE Brent crude futures gained $0.50/bl to $94.43/bl on Monday.
VLSFO prices at the top ports were mixed in direction. At Singapore prices gained $2/mt to $678/mt, at Rotterdam they dropped by $3/mt to $640/mt, at Fujairah they declined by $2.50/mt to $666.50/mt, and at Houston they rose by $2/mt to $672.50/mt.
On Tuesday morning Brent crude futures were trading up by $0.73/bl at $95.16/bl as of 9:31 AM in London. In metric tonne terms that would be equivalent to a $5.50/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 611.00 | 1.50 | 730.00 | 7.00 |
| Rotterdam | 557.50 | 1.00 | 718.50 | 2.00 |
| Houston | 576.00 | 1.00 | 750.50 | 2.50 |
| Fujairah | 608.50 | 2.50 | 829.00 | 2.00 |
| Global 20 Ports Average | 624.50 | 2.50 | 817.50 | 3.00 |
| Global 4 Ports Average | 588.50 | 0.50 | 757.00 | 2.50 |
| Global Average Bunker Price | 678.50 | 3.50 | 883.50 | 2.00 |
Popular Now More
-
Jul 25But a dearth of evidence supports the optimism on otherl fronts. -
Jul 23The new hire previously worked as a senior fuel oil trader for Hartree Partners in Houston. -
Jul 26Q2 marine income from operations was down by 47.5% on the year, by 61.2% from Q1 and the least since the fourth quarter of 2021.