World News
BUNKER PRICES: G20-VLSFO Index Drops to One-Week Low
Bunker fuel prices declined at most ports on Monday, with global average VLSFO prices dropping to the lowest level in a week.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $5/mt to $624/mt on Monday, reaching the lowest level since August 26.
The G20-HSFO Index fell by $9/mt to $491.50/mt, while the G20-MGO Index slipped by $5/mt to $768.50/mt.
ICE Brent crude futures rose by $0.59/bl to $77.52/bl on Monday.
VLSFO prices at the top four ports followed a negative trend. At Singapore prices lost $6.50/mt to $627/mt, at Rotterdam they fell by $12/mt to $547.50/mt, at Fujairah they sank by $9/mt to $611/mt, and at Houston they dropped by $6/mt to $548.50/mt.
On Tuesday morning Brent futures were trading down by $0.19/bl from the previous session's close at $77.33/bl as of 7:15 AM in London. In metric tonne terms that would be equivalent to a $1.43/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 569.50 | 0.00 | 680.00 | 0.00 |
| Rotterdam | 515.00 | 1.00 | 674.00 | 2.00 |
| Houston | 550.00 | 2.50 | 678.00 | 6.50 |
| Fujairah | 560.50 | 0.50 | 753.50 | 2.50 |
| Global 20 Ports Average | 586.00 | 0.00 | 761.00 | 2.00 |
| Global 4 Ports Average | 549.00 | 1.00 | 696.50 | 2.00 |
| Global Average Bunker Price | 634.50 | 1.00 | 800.50 | 2.00 |
Popular Now More
-
Nov 21CCO Christoffer Berg Lassen is stepping down from the company to be replaced by Anders Grønborg, while Peder Møller becomes its first chief operating officer. -
Nov 20The ISO 6853:2024 specifications, the first of their kind, cover the general requirements and properties for methanol specifically being used as marine fuel. -
Nov 20The new hire had previously worked as a bunker and lubricant trader for sister company Glander International Bunkering in Dubai.