World News
BUNKER PRICES: G20-VLSFO Index Drops to Two-Week Low
Bunker fuel prices sank at most ports on Monday, with average global VLSFO prices reaching the lowest level in almost two weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports fell by $9/mt to $573/mt on Monday, reaching the lowest level since May 4. The G20-HSFO Index lost $2/mt to $479.50/mt, while the G20-MGO Index sank by $2/mt to $777/mt.
ICE Brent crude futures gained $1.06/bl to $75.23/bl on Monday.
VLSFO prices at the top ports had a negative trend. At Singapore prices fell by $14/mt to $555/mt, at Rotterdam they declined by $9.50/mt to $519/mt, at Fujairah they lost $4.50/mt to $547.50/mt, and at Houston they slipped by $6/mt to $528/mt.
On Tuesday morning Brent crude futures were trading up by $0.24/bl at $75.47/bl as of 9:42 AM in London. In metric tonne terms that would be equivalent to a $1.81/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 647.50 | 1.00 | 770.00 | 3.50 |
| Rotterdam | 601.50 | 2.50 | 754.00 | 2.00 |
| Houston | 619.00 | 11.50 | 795.50 | 3.00 |
| Fujairah | 651.50 | 1.00 | 895.00 | 2.00 |
| Global 20 Ports Average | 664.00 | 1.50 | 856.50 | 2.00 |
| Global 4 Ports Average | 630.00 | 3.00 | 803.50 | 2.50 |
| Global Average Bunker Price | 718.00 | 0.50 | 914.50 | 0.50 |
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