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 | 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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