World News
BUNKER PRICES: G20-VLSFO Index Sees Biggest Monthly Gain Since June
Bunker fuel prices declined for a second consecutive session at most ports on Tuesday, paring global VLSFO's biggest monthly gain since June.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $7.50/mt to $690/mt on Tuesday, leaving the index's monthly gain at the highest level since June at $44.50/mt. The G20-HSFO Index slipped by $7.50/mt to $461/mt, while the G20-MGO Index declined by $15.50/mt to $1,034/mt.
ICE Brent crude futures gained $0.96bl to $85.46/bl on Tuesday.
VLSFO prices at the top ports followed a negative trend. At Singapore prices sank by $10.50/mt to $680.50/mt, at Rotterdam they fell by $11.50/mt to $601.50/mt, at Fujairah they dropped by $21/mt to $659.50/mt and at Houston they declined by $2.50/mt to $636/mt.
On Wednesday morning Brent futures were trading down by $0.40/bl at $85.06/bl as of 9:51 AM in London. In metric tonne terms that would amount to a $3.01/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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