World News
BUNKER PRICES: G20-VLSFO Index Drops for First Session in Five
Bunker fuel prices declined at most ports on Monday, with global average VLSFO prices slipping for the first in five consecutive sessions.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $2/mt to $636/mt on Monday, in its first daily decline since June 24.
The G20-HSFO Index fell by $2/mt to $541/mt, while the G20-MGO Index sank by $4/mt to $845/mt.
ICE Brent crude futures jumped by $1.60/bl to $86.60/bl on Monday.
VLSFO prices at the top ports followed a negative trend. At Singapore prices lost $2/mt to $628.50/mt, at Rotterdam they fell by $2/mt to $575.50/mt, at Fujairah they dropped by $1/mt to $631.50/mt, and at Houston they slipped by $6/mt to $603.50/mt.
On Tuesday morning Brent futures were trading up by $0.22/bl from the previous session's close at $86.82/bl as of 6:35 AM in London. In metric tonne terms that would be equivalent to a $1.66/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 640.50 | 1.50 | 771.00 | 2.00 |
| Rotterdam | 586.50 | 3.00 | 782.00 | 4.50 |
| Houston | 615.00 | 0.00 | 790.50 | 2.50 |
| Fujairah | 639.50 | 0.00 | 863.00 | 0.50 |
| Global 20 Ports Average | 651.00 | 6.50 | 858.00 | 5.00 |
| Global 4 Ports Average | 620.50 | 0.50 | 801.50 | 0.00 |
| Global Average Bunker Price | 697.00 | 10.50 | 913.50 | 3.50 |
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