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 | 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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