World News
BUNKER PRICES: G20-VLSFO Index Drops for First Session in Seven
Bunker fuel prices declined for the first in seven sessions at most ports on Monday.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $9/mt to $697.50/mt on Monday, in its first daily fall since January 19. The G20-HSFO Index slipped by $4.50/mt to $468.50/mt, while the G20-MGO Index declined by $11/mt to $1,049.50/mt.
ICE Brent crude futures lost $1.76bl to $84.90/bl on Monday.
VLSFO prices at the top ports mostly had a negative trend. At Singapore prices sank by $18/mt to $691/mt, at Rotterdam they fell by $10/mt to $613/mt, at Fujairah they dropped by $9.50/mt to $680.50/mt and at Houston they declined by $13.50/mt to $638.50/mt.
On Tuesday morning Brent futures were trading down by $1.56/bl at $83.34/bl as of 9:59 AM in London. In metric tonne terms that would amount to an $11.75/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 644.50 | 2.50 | 765.00 | 14.00 |
| Rotterdam | 607.50 | 0.50 | 764.50 | 24.50 |
| Houston | 632.50 | 4.00 | 807.50 | 5.00 |
| Fujairah | 650.50 | 1.00 | 882.50 | 6.00 |
| Global 20 Ports Average | 665.50 | 6.50 | 870.50 | 14.50 |
| Global 4 Ports Average | 635.50 | 3.50 | 810.00 | 17.50 |
| Global Average Bunker Price | 725.00 | 2.50 | 925.50 | 8.00 |
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