World News
BUNKER PRICES: G20-VLSFO Index on Longest Losing Streak Since April
Bunker fuel prices continued to fall at most ports on Monday, with global average VLSFO prices dropping for a seventh consecutive session in their longest losing streak since April.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $1/mt to $620.50/mt on Monday, remaining at the lowest level since July 26. The G20-HSFO Index rose by $2.50/mt to $502/mt, while the G20-MGO Index dropped by $7.50/mt to $841/mt.
ICE Brent crude futures advanced by $0.19/bl to $76.03/bl on Monday.
VLSFO prices at the top ports mostly followed a positive trend. At Singapore prices rose by $14/mt to $603/mt, at Rotterdam they gained $3/mt to $535.50/mt, at Fujairah they rose by $3.50/mt to $599.50/mt, and at Houston they slipped by $3.50/mt to $549.50/mt.
On Tuesday morning Brent crude futures were trading up by $0.57/bl at $76.60/bl as of 6:28 AM in London. In metric tonne terms that would be equivalent to a $4.29/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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