World News
BUNKER PRICES: G20-VLSFO Index Sinks 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 $11.50/mt to $648.50/mt on Monday, reaching the lowest level since October 6. The G20-HSFO Index fell by $5/mt to $517/mt, while the G20-MGO Index dropped by $8/mt to $872.50/mt.
ICE Brent crude futures sank by $0.85/bl to $78.03/bl on Monday.
VLSFO prices at the top ports followed a negative trend. At Singapore prices fell by $27/mt to $643.50/mt, at Rotterdam they lost $24/mt to $564.50/mt, at Fujairah they slipped by $18.50/mt to $630.50/mt, and at Houston they sank by $3.50/mt to $573.50/mt.
On Tuesday morning Brent crude futures were trading up by $0.43/bl at $78.46/bl as of 8:11 AM in London. In metric tonne terms that would be equivalent to a $3.24/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 553.50 | 0.00 | 673.00 | 0.00 |
| Rotterdam | 514.50 | 0.00 | 651.00 | 0.00 |
| Houston | 545.00 | 0.00 | 671.00 | 0.00 |
| Fujairah | 543.00 | 0.00 | 747.00 | 0.00 |
| Global 20 Ports Average | 574.00 | 0.00 | 748.00 | 0.00 |
| Global 4 Ports Average | 539.00 | 0.00 | 685.50 | 0.00 |
| Global Average Bunker Price | 627.00 | 0.50 | 799.50 | 1.00 |
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