World News
BUNKER PRICES: G20-VLSFO Index Declines
Bunker fuel prices declined at most ports on Monday, with global average VLSFO prices slipping and paring the previous session's gain..
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $2.50/mt to $666/mt on Monday, paring Friday's $5/mt advance. The G20-HSFO Index declined by $3.50/mt to $530/mt, while the G20-MGO rose by $1/mt to $879.50/mt.
ICE Brent crude futures gained $0.42/bl to $87.42/bl on Monday.
VLSFO prices at the top ports were mixed in direction. At Singapore prices declined by $2/mt to $645.50/mt, at Rotterdam they gained $2.50/mt to $602.50/mt, at Fujairah they rose by $5/mt to $645/mt, and at Houston they slid by $5/mt to $654/mt.
On Tuesday morning Brent futures were trading up by $1.04/bl from the previous session's close at $88.46/bl as of 9:09 AM in London. In metric tonne terms that would be equivalent to a $7.83/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 649.00 | 0.50 | 775.00 | 3.50 |
| Rotterdam | 603.50 | 1.50 | 759.50 | 11.50 |
| Houston | 626.50 | 2.50 | 794.00 | 2.00 |
| Fujairah | 649.00 | 0.50 | 904.50 | 6.50 |
| Global 20 Ports Average | 664.00 | 2.00 | 855.00 | 0.00 |
| Global 4 Ports Average | 632.00 | 1.00 | 808.00 | 4.00 |
| Global Average Bunker Price | 716.50 | 1.00 | 901.00 | 12.50 |
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