World News
BUNKER PRICES: G20-VLSFO Index Slips for First Session in Four
Bunker fuel prices declined at most ports on Monday, with global average VLSFO prices dropping for the first in four consecutive sessions.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports fell by $6/mt to $596.50/mt on Monday, reaching the lowest level since July 11. The G20-HSFO Index declined by $2/mt to $518.50/mt, while the G20-MGO Index lost $1.50/mt to $812.50/mt.
ICE Brent crude futures lost $1.37/bl to $78.50/bl on Monday.
VLSFO prices at the top ports had a negative trend. At Singapore prices fell by $7.50/mt to $574/mt, at Rotterdam they dropped by $12/mt to $546.50/mt, at Fujairah they declined by $9.50/mt to $566/mt, and at Houston they sank by $4/mt to $560/mt.
On Tuesday morning Brent crude futures were trading up by $0.02/bl at $78.52/bl as of 10:11 AM in London. In metric tonne terms that would be equivalent to a $0.15/mt rise 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 |
Popular Now More
-
Oct 02The new hire was previously managing director of bunker trading firm Sing Fuels from March 2018 to this month. -
Oct 03The new hire was previously managing partner of Island Gulf Energy in Dubai from July 2016 to last month. -
Oct 02The new hire was previously a bunker trader for marine fuel trading firm Pacific Bunkers in Singapore from July 2012 to last month.