World News
BUNKER PRICES: G20-VLSFO Index Drops to Four-Month Low
Bunker prices mostly declined at ports around the world on Monday, with global average VLSFO prices falling to their lowest level in more than four months.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports sank by $5.50/mt to $515/mt on Monday, reaching its lowest level since May 5.
The G20-HSFO Index slipped by $0.50/mt to $441/mt, while the G20-MGO Index dropped by $1/mt to $764.50/mt.
ICE Brent crude futures sank by $0.11/bl to $66.57/bl on Monday.
VLSFO prices at the top four ports followed a negative trend. At Singapore prices fell by $5/mt to $480/mt, at Rotterdam they declined by $3/mt to $456/mt, at Fujairah they sank by $1/mt to $481/mt, and at Houston they dropped by $1.50mt to $479.50/mt.
On Tuesday morning Brent crude futures were trading down by $0.36/bl from the previous session's close at $66.21/bl as of 3:55 AM in London. In metric tonne terms that would be equivalent to a $2.71/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 480.00 | 5.00 | 680.00 | 7.00 |
| Rotterdam | 456.00 | 3.00 | 671.00 | 9.50 |
| Houston | 479.50 | 1.50 | 677.50 | 4.50 |
| Fujairah | 481.00 | 1.00 | 730.00 | 0.50 |
| Global 20 Ports Average | 515.00 | 5.50 | 764.50 | 1.00 |
| Global 4 Ports Average | 474.00 | 2.50 | 689.50 | 1.50 |
| Global Average Bunker Price | 549.50 | 3.00 | 804.00 | 1.50 |
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