World News
BUNKER PRICES: G20-VLSFO Index Sinks for Seventh Session
Bunker prices mostly sank at ports around the world on Monday, with global average VLSFO prices dropping for a seventh consecutive trading session.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports dropped by $0.50/mt to $482.50/mt on Monday, remaining at its lowest level since February 2021.
The G20-HSFO Index was little changed at $427/mt, while the G20-MGO Index was steady at $733/mt.
ICE Brent crude futures fell by $0.28/bl to $61.01/bl on Monday.
VLSFO prices at the top four ports mostly followed a negative trend. At Singapore prices fell by $3/mt to $440/mt, at Rotterdam they declined by $0.50/mt to $423.50/mt, at Fujairah they sank by $0.50/mt to $436.50/mt, and at Houston they rose by $5/mt to $436/mt.
On Tuesday morning Brent crude futures were trading down by $0.19/bl from the previous session's close at $60.82/bl as of 5:43 AM in London. In metric tonne terms that would be equivalent to a $1.43/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 440.00 | 3.00 | 657.00 | 0.50 |
| Rotterdam | 423.50 | 0.50 | 636.50 | 3.00 |
| Houston | 436.00 | 5.00 | 630.50 | 1.00 |
| Fujairah | 436.50 | 0.50 | 719.50 | 1.00 |
| Global 20 Ports Average | 482.50 | 0.50 | 733.00 | 0.00 |
| Global 4 Ports Average | 434.00 | 0.00 | 661.00 | 0.50 |
| Global Average Bunker Price | 528.50 | 0.50 | 773.50 | 0.50 |
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