World News
BUNKER PRICES: G20-VSLFO Index Sinks to Seven-Week Low
Bunker fuel prices sank at most ports on Monday, with global average VLSFO prices declining to the lowest level in seven weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $9.50/mt to $655.50/mt on Monday, reaching the lowest level since October 9. The G20-HSFO Index fell by $4/mt to $518.50/mt, while the G20-MGO Index dropped by $8/mt to $881.50/mt.
ICE Brent crude futures sank by $0.60/bl to $79.98/bl on Monday.
VLSFO prices at the top ports mostly followed a negative trend. At Singapore prices fell by $34.50/mt to $663.50/mt, at Rotterdam they lost $6.50/mt to $567.50/mt, at Fujairah they sank by $26/mt to $642/mt, and at Houston they rallied by $1.50/mt to $570.50/mt.
On Tuesday morning Brent crude futures were trading up by $0.12/bl at $80.10/bl as of 7:46 AM in London. In metric tonne terms that would be equivalent to a $0.90/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 602.50 | 13.50 | 676.00 | 10.00 |
| Rotterdam | 540.50 | 6.50 | 665.50 | 18.00 |
| Houston | 552.50 | 21.50 | 685.50 | 25.00 |
| Fujairah | 592.50 | 17.50 | 783.00 | 10.00 |
| Global 20 Ports Average | 615.00 | 12.00 | 757.00 | 15.00 |
| Global 4 Ports Average | 572.00 | 14.50 | 702.50 | 16.00 |
| Global Average Bunker Price | 653.00 | 9.50 | 824.50 | 9.50 |
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