World News
BUNKER PRICES: G20-VLSFO Index Drops to One-Month Low
Bunker fuel prices fell at most ports on Monday, with global average VLSFO prices dropping to the lowest level in almost a month.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $15.50/mt to $591/mt on Monday, reaching the lowest level since October 1.
The G20-HSFO Index sank by $10.50/mt to $509.50/mt, while the G20-MGO Index slipped by $10.50/mt to $739.50/mt.
ICE Brent crude futures dropped by $4.63/bl to $71.42/bl on Monday.
VLSFO prices at the top four ports followed a negative trend. At Singapore prices lost $24.50/mt to $584/mt, at Rotterdam they fell by $17/mt to $524/mt, at Fujairah they sank by $18/mt to $569.50/mt, and at Houston they slipped by $9/mt to $530/mt.
On Tuesday morning Brent futures were trading down by $0.07/bl from the previous session's close at $71.35/bl as of 6:26 AM in London. In metric tonne terms that would be equivalent to a $0.53/mt drop in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 515.50 | 21.00 | 630.50 | 34.00 |
| Rotterdam | 470.50 | 27.00 | 635.00 | 31.50 |
| Houston | 502.00 | 20.50 | 655.50 | 19.00 |
| Fujairah | 509.50 | 22.00 | 723.00 | 18.00 |
| Global 20 Ports Average | 548.50 | 13.50 | 735.00 | 21.00 |
| Global 4 Ports Average | 499.50 | 22.50 | 661.00 | 25.50 |
| Global Average Bunker Price | 596.00 | 1.50 | 779.00 | 12.50 |
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