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 | 641.00 | 4.00 | 762.00 | 5.50 |
| Rotterdam | 599.00 | 1.00 | 751.00 | 0.50 |
| Houston | 629.50 | 2.00 | 802.50 | 6.50 |
| Fujairah | 647.50 | 2.00 | 883.50 | 5.50 |
| Global 20 Ports Average | 661.50 | 3.50 | 859.00 | 5.00 |
| Global 4 Ports Average | 629.50 | 1.00 | 799.50 | 1.50 |
| Global Average Bunker Price | 719.00 | 3.50 | 915.00 | 7.50 |
Popular Now More
-
Apr 22The 46,000 DWT MR2 chemical tanker Green Land was arrested at about 3:30 PM on April 17. -
Apr 23The ship had come to Singapore from St Petersburg. -
Apr 22Iranian fuel oil has been widely reported to have been resold in the bunker markets of ports in the region for years, as well as being exported further afield.