World News
BUNKER PRICES: G20-VLSFO Index Drops for Third Day
Bunker prices mostly declined at ports around the world on Monday, with global average VLSFO prices slipping for a third consecutive trading session.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $1/mt to $524.50/mt on Monday, remaining at its lowest level since May 8.
The G20-HSFO Index fell by $3.50/mt to $435/mt, while the G20-MGO Index dropped by $1/mt to $754/mt.
ICE Brent crude futures rallied by $0.52/bl to $66.02/bl on Monday.
VLSFO prices at the top four ports mostly followed a negative trend. At Singapore prices fell by $6.50/mt to $486/mt, at Rotterdam they advanced by $3/mt to $473/mt, at Fujairah they sank by $7.50/mt to $484.50/mt, and at Houston they dropped by $1.50/mt to $477/mt.
On Tuesday morning Brent crude futures were trading up by $0.47/bl from the previous session's close at $66.49/bl as of 5:54 AM in London. In metric tonne terms that would be equivalent to a $3.54/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 495.00 | 2.50 | 700.50 | 0.50 |
| Rotterdam | 458.50 | 3.00 | 686.00 | 8.00 |
| Houston | 475.50 | 15.00 | 694.50 | 23.00 |
| Fujairah | 494.00 | 3.50 | 738.00 | 5.50 |
| Global 20 Ports Average | 523.00 | 1.50 | 773.50 | 8.50 |
| Global 4 Ports Average | 480.50 | 6.00 | 705.00 | 8.50 |
| Global Average Bunker Price | 563.00 | 1.50 | 811.00 | 0.50 |
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