World News
BUNKER PRICES: G20-VLSFO Index Slips for First Session in Three
Bunker fuel prices declined at most ports on Monday, with global average VLSFO prices falling for the first in three sessions.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $0.50/mt to $591/mt on Monday, paring the previous session's $2/mt gain.
The G20-HSFO Index fell by $1.50mt to $481.50/mt, while the G20-MGO Index slipped by $3/mt to $730.50/mt.
ICE Brent crude futures jumped by $1.14/bl to $72.75/bl on Monday.
VLSFO prices at the top four ports were mixed in direction. At Singapore prices lost $3/mt to $578/mt, at Rotterdam they were little changed at $506/mt, at Fujairah they slipped by $0.50/mt to $573.50/mt, and at Houston they advanced by $3.50/mt to $504/mt.
On Tuesday morning Brent futures were trading up $0.32/bl from the previous session's close at $73.07/bl as of 6:03 AM in London. In metric tonne terms that would be equivalent to a $2.41/mt rise 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 |
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