World News
BUNKER PRICES: G20-VLSFO Index Drops for First in Three Sessions
Bunker fuel prices declined at most ports on Monday, with global average VLSFO prices slipping for the first in three consecutive sessions.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports fell by $5.50/mt to $640/mt on Monday, reaching the lowest level since May 8. The G20-HSFO Index declined by $5/mt to $533.50/mt, while the G20-MGO Index sank by $9/mt to $821.50/mt.
ICE Brent crude futures rose by $0.57/bl to $83.36/bl on Monday.
VLSFO prices at the top ports followed a negative trend. At Singapore prices fell by $8/mt to $627.50/mt, at Rotterdam they slipped by $10/mt to $570.50/mt, at Fujairah they declined by $5.50/mt to $627/mt, and at Houston they dropped by $6/mt to $590/mt.
On Tuesday morning Brent futures were trading down by $0.12/bl from the previous session's close at $83.24/bl as of 9:41 AM in London. In metric tonne terms that would be equivalent to a $0.90/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 511.00 | 3.50 | 644.00 | 3.50 |
| Rotterdam | 500.00 | 6.00 | 631.50 | 0.50 |
| Houston | 522.00 | 2.50 | 671.50 | 2.50 |
| Fujairah | 507.00 | 3.00 | 738.00 | 0.50 |
| Global 20 Ports Average | 552.00 | 1.50 | 737.50 | 8.00 |
| Global 4 Ports Average | 510.00 | 2.50 | 671.50 | 1.50 |
| Global Average Bunker Price | 598.00 | 0.50 | 787.00 | 3.50 |
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