World News
BUNKER PRICES: G20-VLSFO Index Drops to One-Week Low
Bunker prices mostly declined at ports around the world on Monday, with global average VLSFO prices dropping to the lowest level in almost a week.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports slipped by $3/mt to $537/mt on Monday, reaching its lowest level since May 13.
The G20-HSFO Index was little changed at $469/mt, while the G20-MGO Index fell by $8/mt to $712/mt.
ICE Brent crude futures jumped by $0.13/bl to $65.54/bl on Monday.
VLSFO prices at the top four ports mostly were mixed in direction. At Singapore prices fell by $0.50/mt to $523/mt, at Rotterdam they advanced by $1.50/mt to $474/mt, at Fujairah they dropped by $5/mt to $515/mt, and at Houston they climbed by $1/mt to $469/mt.
On Tuesday morning Brent crude futures were trading up by $0.03/bl from the previous session's close at $65.57/bl as of 8:09 AM in London. In metric tonne terms that would be equivalent to a $0.23/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 510.00 | 2.50 | 611.00 | 4.00 |
| Rotterdam | 477.00 | 1.00 | 618.50 | 4.00 |
| Houston | 469.50 | 0.50 | 610.00 | 2.00 |
| Fujairah | 501.50 | 1.50 | 708.50 | 3.50 |
| Global 20 Ports Average | 532.00 | 2.00 | 711.50 | 0.00 |
| Global 4 Ports Average | 489.50 | 0.50 | 637.00 | 0.50 |
| Global Average Bunker Price | 571.00 | 1.00 | 759.00 | 0.50 |
Popular Now More
-
Jun 09The firm already supplies bunker fuels at key East Coast ports, including New York, New Jersey Philadelphia and Baltimore. -
Jun 09The move comes as shipping firms adjust to the new 0.1% sulfur limit now enforced across the Mediterranean Sea. -
Jun 05Marex's Bastien Declercq discusses how biofuel markets are likely to react to the IMO's new GHG regulation.