World News
BUNKER PRICES: G20-VLSFO Index Drops for Fourth Day
Bunker fuel prices fell at most ports on Monday, with global average VLSFO prices slipping for a fourth consecutive session.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $4/mt to $615.50/mt on Monday, reaching the lowest level since August 9.
The G20-HSFO Index fell by $4.50/mt to $512/mt, while the G20-MGO Index sank by $6/mt to $784/mt.
ICE Brent crude futures dropped by $2.02/bl to $77.66/bl on Monday.
VLSFO prices at the top four ports mostly followed a negative trend. At Singapore prices lost $3.50/mt to $601.50/mt, at Rotterdam they rose by $0.50/mt to $552.50/mt, at Fujairah they slipped by $0.50/mt to $600.50/mt, and at Houston they dropped by $6/mt to $560/mt.
On Tuesday morning Brent futures were trading down by $0.60/bl from the previous session's close at $77.06/bl as of 6:22 AM in London. In metric tonne terms that would be equivalent to a $4.52/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 |
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