World News
BUNKER PRICES: G20-VLSFO Index Drops to Three-Day Low
Bunker prices mostly declined at ports around the world on Monday, with global average VLSFO prices dropping to the lowest level in three days.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports fell by $1/mt to $547/mt on Monday, reaching its lowest level since July 23.
The G20-HSFO Index fell by $1.50/mt to $464.50/mt, while the G20-MGO Index dropped by $3/mt to $769/mt.
ICE Brent crude futures rose by $1.60/bl to $70.04/bl on Monday.
VLSFO prices at the top four ports mostly followed a negative trend. At Singapore prices fell by $2.50/mt to $515.50/mt, at Rotterdam they declined by $1.50/mt to $506.50/mt, at Fujairah they sank by $1.50/mt to $508.50/mt, and at Houston they climbed by $2/mt to $501.50/mt.
On Tuesday morning Brent crude futures were trading up by $0.03/bl from the previous session's close at $70.07/bl as of 7:15 AM in London. In metric tonne terms that would be equivalent to a $0.23/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 515.50 | 2.50 | 686.00 | 7.50 |
| Rotterdam | 506.50 | 1.50 | 712.50 | 8.50 |
| Houston | 501.50 | 2.00 | 697.00 | 8.50 |
| Fujairah | 508.50 | 1.50 | 742.50 | 2.50 |
| Global 20 Ports Average | 547.00 | 1.00 | 769.00 | 3.00 |
| Global 4 Ports Average | 508.00 | 1.00 | 709.50 | 7.00 |
| Global Average Bunker Price | 584.00 | 0.50 | 818.50 | 0.50 |
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