World News
BUNKER PRICES: G20-VLSFO Index Drops to Two-Month Low
Bunker fuel prices sank at most ports on Monday, with global average VLSFO prices dropping to the lowest level in almost two months.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $13/mt to $608/mt on Monday, reaching the lowest level since June 10.
The G20-HSFO Index slipped by $13.50/mt to $515/mt, while the G20-MGO Index fell by $14.50/mt to $788/mt.
ICE Brent crude futures fell by $0.51/bl to $76.30/bl on Monday.
VLSFO prices at the top four ports followed a negative trend. At Singapore prices lost $23.50/mt to $594/mt, at Rotterdam they fell by $26/mt to $533/mt, at Fujairah they declined by $17.50/mt to $585/mt, and at Houston they sank by $12.50/mt to $549/mt.
On Tuesday morning Brent futures were trading up by $0.79/bl from the previous session's close at $77.09/bl as of 7:00 AM in London. In metric tonne terms that would be equivalent to a $5.95/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 591.50 | 10.00 | 630.00 | 7.00 |
| Rotterdam | 515.00 | 8.00 | 624.50 | 11.00 |
| Houston | 515.00 | 1.00 | 651.50 | 3.00 |
| Fujairah | 576.00 | 4.00 | 779.00 | 2.50 |
| Global 20 Ports Average | 589.50 | 1.00 | 733.00 | 3.00 |
| Global 4 Ports Average | 549.50 | 5.50 | 671.50 | 6.00 |
| Global Average Bunker Price | 635.00 | 1.50 | 806.50 | 4.50 |
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