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 | 486.50 | 0.50 | 675.00 | 11.00 |
| Rotterdam | 466.50 | 6.50 | 680.00 | 18.50 |
| Houston | 472.00 | 5.00 | 659.50 | 0.50 |
| Fujairah | 486.00 | 1.50 | 735.00 | 9.50 |
| Global 20 Ports Average | 524.50 | 1.00 | 754.00 | 1.00 |
| Global 4 Ports Average | 480.00 | 2.50 | 677.50 | 4.00 |
| Global Average Bunker Price | 562.00 | 1.00 | 799.00 | 0.00 |
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