World News
BUNKER PRICES: G20-VLSFO Index Holds Steady as Oil Slips
Bunker fuel prices were mixed in direction at ports around the world on Monday, with global average VLSFO prices holding steady despite a decline in crude futures.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports was little changed at $662.50/mt on Monday, remaining near a six-month high reached late last week. The G20-HSFO Index slipped by $2/mt to $589.50/mt, while the G20-MGO Index dropped by $5/mt to $944.50/mt.
ICE Brent crude futures lost $0.60/bl to $86.21/bl on Monday.
VLSFO prices at the top ports had a mixed trend. At Singapore prices fell by $2.50/mt to $650.50/mt, at Rotterdam they lost $0.50/mt to $620.50/mt, at Fujairah they advanced by $4.50/mt to $644.50/mt, and at Houston they rallied by $2.50/mt to $636.50/mt.
On Tuesday morning Brent crude futures were trading up by $0.07/bl at $86.28/bl as of 9:40 AM in London. In metric tonne terms that would be equivalent to a $0.53/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 |
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