World News
BUNKER PRICES: G20-VLSFO Index Drops to One-Month Low
Bunker fuel prices dropped at most ports on Monday, with global average VLSFO prices falling to the lowest level in more than a month.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $8.50/mt to $604/mt on Monday, reaching the lowest level since August 6.
The G20-HSFO Index fell by $3.50/mt to $479/mt, while the G20-MGO Index sank by $7.50/mt to $739/mt.
ICE Brent crude futures rose by $0.78/bl to $71.84/bl on Monday.
VLSFO prices at the top four ports followed a negative trend. At Singapore prices lost $23/mt to $604.50/mt, at Rotterdam they fell by $14.50/mt to $516/mt, at Fujairah they slipped by $11/mt to $597.50/mt, and at Houston they dropped by $10/mt to $516/mt.
On Tuesday morning Brent futures were trading down by $0.06/bl from the previous session's close at $71.78/bl as of 5:54 AM in London. In metric tonne terms that would be equivalent to a $0.45/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 569.50 | 0.00 | 680.00 | 0.00 |
| Rotterdam | 515.00 | 1.00 | 674.00 | 2.00 |
| Houston | 550.00 | 2.50 | 678.00 | 6.50 |
| Fujairah | 560.50 | 0.50 | 753.50 | 2.50 |
| Global 20 Ports Average | 586.00 | 0.00 | 761.00 | 2.00 |
| Global 4 Ports Average | 549.00 | 1.00 | 696.50 | 2.00 |
| Global Average Bunker Price | 634.50 | 1.00 | 800.50 | 2.00 |
Popular Now More
-
Nov 21CCO Christoffer Berg Lassen is stepping down from the company to be replaced by Anders Grønborg, while Peder Møller becomes its first chief operating officer. -
Nov 20The ISO 6853:2024 specifications, the first of their kind, cover the general requirements and properties for methanol specifically being used as marine fuel. -
Nov 20The new hire had previously worked as a bunker and lubricant trader for sister company Glander International Bunkering in Dubai.