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 slipping to the lowest level in almost a week.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $2.50/mt to $646/mt on Monday, reaching the lowest level since July 2.
The G20-HSFO Index sank by $6/mt to $551.50/mt, while the G20-MGO Index fell by $5/mt to $850.50/mt.
ICE Brent crude futures dropped by $0.79/bl to $85.75/bl on Monday.
VLSFO prices at the top ports were mixed in direction. At Singapore prices lost $4/mt to $638.50/mt, at Rotterdam they rose by $0.50/mt to $587/mt, at Fujairah they declined by $2/mt to $640/mt, and at Houston they advanced by $2.50/mt to $614.50/mt.
On Tuesday morning Brent futures were trading up by $0.09/bl from the previous session's close at $85.84/bl as of 6:57 AM in London. In metric tonne terms that would be equivalent to a $0.68/mt rise 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 21CTI-Maritec reports on undeclared quantities of cashew nut shell liquid found in VLSFO samples from Rotterdam and Singapore.