Bunker prices mostly declined at ports around the world on Monday, with global average VLSFO prices slipping for a third consecutive trading session.
Ship & Bunker’s G20-VLSFO Index of prices across 20 leading bunkering ports lost $1/mt to $/mt on Monday, remaining at its lowest level since May 8.
The G20-HSFO Index fell by $/mt to $/mt, while the G20-MGO Index dropped by $1/mt to $/mt.
ICE Brent crude futures rallied by $/bl to $/bl on Monday.
VLSFO prices at the top four ports mostly followed a negative trend. At Singapore prices fell by $/mt to $/mt, at Rotterdam they advanced by $3/mt to $/mt, at Fujairah they sank by $/mt to $/mt, and at Houston they dropped by $/mt to $/mt.
On Tuesday morning Brent crude futures were trading up by $/bl from the previous session’s close at $/bl as of 5:54 AM in London. In metric tonne terms that would be equivalent to a $/mt rise in bunker prices.
