World News
BUNKER PRICES: G20-VLSFO Index Slips for First Session in Four
Bunker fuel prices fell at most ports on Monday, with global average VLSFO prices declining for the first in four consecutive sessions.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports fell by $2/mt to $686/mt on Monday, in its first daily drop since October 17. The G20-HSFO Index lost $4.50/mt to $556/mt, while the G20-MGO Index slipped by $2.50/mt to $962/mt.
ICE Brent crude futures fell by $2.33/bl to $89.83/bl on Monday.
VLSFO prices at the top ports mostly followed a negative trend. At Singapore prices fell by $4.50/mt to $681.50/mt, at Rotterdam they lost $1/mt to $625.50/mt, at Fujairah they declined by $7/mt to $667/mt, and at Houston they rose by $5.50/mt to $639/mt.
On Tuesday morning Brent crude futures were trading down by $0.12/bl at $89.71/bl as of 9:29 AM in London. In metric tonne terms that would be equivalent to a $0.90/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 602.50 | 13.50 | 676.00 | 10.00 |
| Rotterdam | 540.50 | 6.50 | 665.50 | 18.00 |
| Houston | 552.50 | 21.50 | 685.50 | 25.00 |
| Fujairah | 592.50 | 17.50 | 783.00 | 10.00 |
| Global 20 Ports Average | 615.00 | 12.00 | 757.00 | 15.00 |
| Global 4 Ports Average | 572.00 | 14.50 | 702.50 | 16.00 |
| Global Average Bunker Price | 653.00 | 9.50 | 824.50 | 9.50 |
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