World News
BUNKER PRICES: G20-VLSFO Index Drops to Two-Month Low
Bunker prices mostly declined at ports around the world on Monday, with global average VLSFO prices dropping to their lowest level in more than two months.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports fell by $3.50/mt to $533.50/mt on Monday, reaching its lowest level since June 9.
The G20-HSFO Index declined by $2/mt to $458.50/mt, while the G20-MGO Index sank by $7.50/mt to $749/mt.
ICE Brent crude futures rose by $0.04/bl to $66.63/bl on Monday.
VLSFO prices at the top four ports followed a negative trend. At Singapore prices fell by $3.50/mt to $502.50/mt, at Rotterdam they sank by $6.50/mt to $473.50/mt, at Fujairah they slipped by $7.50/mt to $489.50/mt, and at Houston they dropped by $2/mt to $488.50/mt.
On Tuesday morning Brent crude futures were trading up by $0.10/bl from the previous session's close at $66.73/bl as of 7:41 AM in London. In metric tonne terms that would be equivalent to a $0.75/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 502.50 | 3.50 | 660.00 | 1.00 |
| Rotterdam | 473.50 | 6.50 | 661.00 | 6.50 |
| Houston | 488.50 | 2.00 | 655.00 | 7.50 |
| Fujairah | 489.50 | 7.50 | 722.00 | 4.50 |
| Global 20 Ports Average | 533.50 | 3.50 | 749.00 | 7.50 |
| Global 4 Ports Average | 488.50 | 5.00 | 674.50 | 1.00 |
| Global Average Bunker Price | 573.50 | 3.50 | 794.50 | 3.00 |
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