World News
BUNKER PRICES: G20-VLSFO Index Drops to Six-Week Low
Bunker fuel prices slipped at most ports on Monday, with global average VLSFO prices dropping to the lowest level in almost six weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports fell by $3.50/mt to $661.50/mt on Monday, reaching the lowest level since March 13. The G20-HSFO Index slipped by $2.50/mt to $540.50/mt, while the G20-MGO Index dropped by $5/mt to $859/mt.
ICE Brent crude futures fell by $0.29/bl to $87.00/bl on Monday.
VLSFO prices at the top ports mostly followed a negative trend. At Singapore prices declined by $4/mt to $641/mt, at Rotterdam they fell by $1/mt to $599/mt, at Fujairah they dropped by $2/mt to $647.50/mt, and at Houston they rallied by $2/mt to $629.50/mt.
On Tuesday morning Brent futures were trading up by $0.51/bl from the previous session's close at $87.51/bl as of 6:23 AM in London. In metric tonne terms that would be equivalent to a $3.84/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 571.00 | 1.50 | 685.50 | 5.50 |
| Rotterdam | 516.50 | 1.50 | 677.50 | 3.50 |
| Houston | 556.00 | 6.00 | 679.00 | 1.00 |
| Fujairah | 565.00 | 4.50 | 755.00 | 1.50 |
| Global 20 Ports Average | 589.00 | 3.00 | 764.50 | 3.50 |
| Global 4 Ports Average | 552.00 | 3.00 | 699.00 | 2.50 |
| Global Average Bunker Price | 635.50 | 1.00 | 811.50 | 11.00 |
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