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 | 571.00 | 1.50 | 685.50 | 5.50 |
| Rotterdam | 516.50 | 1.50 | 677.50 | 3.50 |
| Houston | 556.00 | 6.00 | 679.00 | 1.00 |
| Fujairah | 565.00 | 4.50 | 755.00 | 1.50 |
| Global 20 Ports Average | 589.00 | 3.00 | 764.50 | 3.50 |
| Global 4 Ports Average | 552.00 | 3.00 | 699.00 | 2.50 |
| Global Average Bunker Price | 635.50 | 1.00 | 811.50 | 11.00 |
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