World News
BUNKER PRICES: G20-VLSFO Index Drops to One-Week Low
Bunker fuel prices fell at most ports on Monday, with average global VLSFO prices declining to the lowest level in more than a week.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports fell by $6.50/mt to $586.50/mt on Monday, reaching the lowest level since June 2. The G20-HSFO Index slipped by $6.50/mt to $479.50/mt, while the G20-MGO Index declined by $6/mt to $770/mt.
ICE Brent crude futures lost $2.95/bl to $71.84/bl on Monday.
VLSFO prices at the top ports had a negative trend. At Singapore prices fell by $13.50/mt to $572/mt, at Rotterdam they slipped by $6/mt to $534/mt, at Fujairah they declined by $10.50/mt to $556/mt, and at Houston they sank by $4.50/mt to $528/mt.
On Tuesday morning Brent crude futures were trading up by $0.82/bl at $72.66/bl as of 8:39 AM in London. In metric tonne terms that would be equivalent to a $6.17/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 602.50 | 13.50 | 676.00 | 10.00 |
| Rotterdam | 540.50 | 6.50 | 665.50 | 18.00 |
| Houston | 552.50 | 21.50 | 685.50 | 25.00 |
| Fujairah | 592.50 | 17.50 | 783.00 | 10.00 |
| Global 20 Ports Average | 615.00 | 12.00 | 757.00 | 15.00 |
| Global 4 Ports Average | 572.00 | 14.50 | 702.50 | 16.00 |
| Global Average Bunker Price | 653.00 | 9.50 | 824.50 | 9.50 |
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