World News
BUNKER PRICES: G20-VLSFO Index Drops to Six-Week Low
Bunker fuel prices resumed their decline at most ports on Monday, with average global VLSFO prices dropping to the lowest level in almost six weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports fell by $6.50/mt to $593.50/mt on Monday, reaching the lowest level since March 21. The G20-HSFO Index gained $2/mt to $496.50/mt, while the G20-MGO Index was little changed at $803.50/mt.
ICE Brent crude futures lost $1.02/bl to $79.31/bl on Monday.
VLSFO prices at the top ports mostly had a negative trend. At Singapore prices declined by $4.50/mt to $578.50/mt, at Rotterdam they slipped by $3.50/mt to $540.50/mt, at Fujairah they were little changed at $574.50/mt and at Houston they sank by $8/mt to $550.50/mt.
On Tuesday morning Brent crude futures were trading down by $0.16/bl at $79.15/bl as of 9:42 AM in London. In metric tonne terms that would be equivalent to a $1.20/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 571.00 | 1.50 | 685.50 | 5.50 |
| Rotterdam | 516.50 | 1.50 | 677.50 | 3.50 |
| Houston | 556.00 | 6.00 | 679.00 | 1.00 |
| Fujairah | 565.00 | 4.50 | 755.00 | 1.50 |
| Global 20 Ports Average | 589.00 | 3.00 | 764.50 | 3.50 |
| Global 4 Ports Average | 552.00 | 3.00 | 699.00 | 2.50 |
| Global Average Bunker Price | 635.50 | 1.00 | 811.50 | 11.00 |
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