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 | 624.00 | 1.00 | 742.00 | 1.50 |
| Rotterdam | 574.00 | 0.00 | 737.50 | 4.50 |
| Houston | 602.50 | 2.00 | 760.50 | 0.00 |
| Fujairah | 624.50 | 1.50 | 849.00 | 2.50 |
| Global 20 Ports Average | 637.00 | 0.00 | 827.50 | 0.00 |
| Global 4 Ports Average | 606.00 | 1.50 | 772.00 | 1.00 |
| Global Average Bunker Price | 685.50 | 0.50 | 893.00 | 0.50 |
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