World News
BUNKER PRICES: G20-VLSFO Index Advances for First in Six Sessions
Bunker fuel prices advanced at most ports on Monday, with global average VLSFO prices climbing for the first in six consecutive sessions.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $4/mt to $639/mt on Monday, in its first daily advance since July 5.
The G20-HSFO Index slipped by $2/mt to $547.50/mt, while the G20-MGO Index declined by $0.50/mt to $828/mt.
ICE Brent crude futures dropped by $0.18/bl to $84.85/bl on Monday.
VLSFO prices at the top four ports followed a negative trend. At Singapore prices lost $2.50/mt to $627/mt, at Rotterdam they fell by $2/mt to $580/mt, at Fujairah they declined by $4.50/mt to $629.50/mt, and at Houston they slipped by $1.50/mt to $610.50/mt.
On Tuesday morning Brent futures were trading down by $0.29/bl from the previous session's close at $84.56/bl as of 6:32 AM in London. In metric tonne terms that would be equivalent to a $2.18/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 632.50 | 5.50 | 665.00 | 5.50 |
| Rotterdam | 548.00 | 0.50 | 659.00 | 2.00 |
| Houston | 550.00 | 1.50 | 692.00 | 0.50 |
| Fujairah | 617.50 | 6.50 | 785.00 | 0.50 |
| Global 20 Ports Average | 624.00 | 0.00 | 768.00 | 0.50 |
| Global 4 Ports Average | 587.00 | 3.50 | 700.00 | 1.00 |
| Global Average Bunker Price | 665.50 | 1.50 | 845.00 | 2.00 |
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