World News
BUNKER PRICES: G20-VLSFO Index Declines
Bunker fuel prices slipped at most ports on Monday, with global average VLSFO prices paring the previous session's gains.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $1/mt to $578.50/mt on Monday, erasing most of Friday's advance. On Thursday the index reached the lowest level since June 2023.
The G20-HSFO Index gained $1/mt to $492/mt, while the G20-MGO Index was little changed at $758.50/mt.
ICE Brent crude futures fell by $0.01/bl to $71.83/bl on Monday.
VLSFO prices at the top four ports mostly followed a negative trend. At Singapore prices lost $0.50/mt to $549/mt, at Rotterdam they declined by $2/mt to $503.50/mt, at Fujairah they rose by $1.50/mt to $544.50/mt, and at Houston they dropped by $4/mt to $549.50/mt.
On Tuesday morning Brent futures were trading up by $0.30/bl from the previous session's close at $72.13/bl as of 6:24 AM in London. In metric tonne terms that would be equivalent to a $2.26/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 551.00 | 2.00 | 663.00 | 5.50 |
| Rotterdam | 499.50 | 4.00 | 650.00 | 3.00 |
| Houston | 549.00 | 0.50 | 677.00 | 0.50 |
| Fujairah | 545.50 | 1.00 | 747.00 | 1.00 |
| Global 20 Ports Average | 577.50 | 1.00 | 759.00 | 0.50 |
| Global 4 Ports Average | 536.00 | 0.50 | 684.50 | 2.00 |
| Global Average Bunker Price | 623.50 | 1.00 | 808.50 | 5.50 |
Popular Now More
-
Dec 03Cowan Lee has been appointed to the role of head of Singapore commercial fuels sales as of this month. -
Dec 02Haider Ali is stepping down as general manager of Arte Bunkering in Dubai for family reasons, but will continue trading for the firm. -
Dec 03The acquisition was first announced in April.