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 | 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 |
Popular Now More
-
Nov 21CCO Christoffer Berg Lassen is stepping down from the company to be replaced by Anders Grønborg, while Peder Møller becomes its first chief operating officer. -
Nov 20The ISO 6853:2024 specifications, the first of their kind, cover the general requirements and properties for methanol specifically being used as marine fuel. -
Nov 21CTI-Maritec reports on undeclared quantities of cashew nut shell liquid found in VLSFO samples from Rotterdam and Singapore.