World News
BUNKER PRICES: G20-VLSFO Index Drops to Two-Week Low
Bunker fuel prices declined at most ports on Monday, with global average VLSFO prices slipping to the lowest level in almost two weeks..
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports sank by $3/mt to $674.50/mt on Monday, reaching the lowest level since September 12. The G20-HSFO Index fell by $0.50/mt to $590/mt, while the G20-MGO Index lost $6.50/mt to $1,010/mt.
ICE Brent crude futures gained $0.02/bl to $93.29/bl on Monday.
VLSFO prices at the top ports followed a negative trend. At Singapore prices lost $1.50/mt to $666/mt, at Rotterdam they fell by $7.50/mt to $620/mt, at Fujairah they declined by $3/mt to $660/mt, and at Houston they sank by $4.50/mt to $658/mt.
On Tuesday morning Brent crude futures were trading down by $1.15/bl at $92.14/bl as of 9:27 AM in London. In metric tonne terms that would be equivalent to an $8.66/mt fall 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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