World News
BUNKER PRICES: G20-VLSFO Index Drops to One-Week Low
Bunker prices mostly declined at ports around the world on Monday, with global average VLSFO prices dropping to their lowest level in a week.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports fell by $7/mt to $549/mt on Monday, reaching its lowest level since July 28.
The G20-HSFO Index declined by $6/mt to $465/mt, while the G20-MGO Index dropped by $12/mt to $760.50/mt.
ICE Brent crude futures fell by $0.91/bl to $68.76/bl on Monday.
VLSFO prices at the top four ports followed a negative trend. At Singapore prices fell by $10.50/mt to $517.50/mt, at Rotterdam they sank by $14/mt to $500/mt, at Fujairah they slipped by $6.50/mt to $511/mt, and at Houston they dropped by $16.50/mt to $499.50/mt.
On Tuesday morning Brent crude futures were trading down by $0.11/bl from the previous session's close at $68.65/bl as of 6:11 AM in London. In metric tonne terms that would be equivalent to an $0.83/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 502.50 | 0.50 | 652.00 | 0.00 |
| Rotterdam | 474.50 | 2.50 | 655.00 | 0.50 |
| Houston | 491.00 | 0.50 | 664.00 | 3.50 |
| Fujairah | 504.00 | 2.50 | 731.00 | 0.50 |
| Global 20 Ports Average | 529.00 | 1.00 | 745.50 | 0.50 |
| Global 4 Ports Average | 493.00 | 1.00 | 675.50 | 1.00 |
| Global Average Bunker Price | 558.00 | 10.50 | 794.50 | 0.50 |
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