Bunker prices mostly sank at ports around the world on Monday, with global average VLSFO prices dropping to to their lowest level in four and a half years.
Ship & Bunker’s G20-VLSFO Index of prices across 20 leading bunkering ports sank by $/mt to $/mt on Monday, reaching its lowest level since April 2021.
The G20-HSFO Index declined by $3/mt to $/mt, while the G20-MGO Index lost $/mt to $/mt.
ICE Brent crude futures jumped by $/bl to $/bl on Monday.
VLSFO prices at the top four ports followed a negative trend. At Singapore prices fell by $11/mt to $/mt, at Rotterdam they declined by $13/mt to $/mt, at Fujairah they sank by $8/mt to $/mt, and at Houston they dropped by $1/mt to $/mt.
