World News
BUNKER PRICES: G20-VLSFO Index Drops to Four-Week Low
Bunker fuel prices slipped at most ports on Monday, with average global VLSFO prices dropping for a seventh consecutive session.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports fell by $1.50/mt to $611.50/mt on Monday, reaching the lowest level since March 30. The G20-HSFO Index was little changed at $508/mt, while the G20-MGO Index dropped by $2/mt to $835/mt.
ICE Brent crude futures gained $1.07/bl to $82.73/bl on Monday.
VLSFO prices at the top ports had a mixed trend. At Singapore prices rose by $2.50/mt to $594.50/mt, at Rotterdam they advanced by $7/mt to $558/mt, at Fujairah they dropped by $0.50/mt to $591/mt and at Houston they sank by $0.50/mt to $576/mt.
On Tuesday morning Brent crude futures were trading down by $0.25/bl at $82.48/bl as of 10:43 AM in London. In metric tonne terms that would be equivalent to a $1.88/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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