World News
BUNKER PRICES: G20-VLSFO Index Drops for Third Session
Bunker fuel prices dropped at most ports on Monday, with global VLSFO prices declining for a third consecutive session.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $13.50/mt to $665.50/mt on Monday, reaching the lowest level since January 16. The G20-HSFO Index fell by $22/mt to $426/mt, while the G20-MGO Index declined by $20/mt to $977/mt.
ICE Brent crude futures gained $1.05bl to $80.99/bl on Monday.
VLSFO prices at the top ports followed a negative trend. At Singapore prices sank by $13/mt to $651/mt, at Rotterdam they dropped by $14.50/mt to $568/mt, at Fujairah they fell by $20.50/mt to $630.50/mt and at Houston they declined by $15/mt to $611/mt.
On Tuesday morning Brent futures were trading up by $1.49/bl at $82.48/bl as of 10:06 AM in London. In metric tonne terms that would amount to an $11.22/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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