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 $/mt to $/mt on Monday, remaining at its lowest level since February 2021.
The G20-HSFO Index was little changed at $/mt, while the G20-MGO Index was steady at $/mt.
ICE Brent crude futures fell by $/bl to $/bl on Monday.
VLSFO prices at the top four ports mostly followed a negative trend. At Singapore prices fell by $3/mt to $/mt, at Rotterdam they declined by $/mt to $/mt, at Fujairah they sank by $/mt to $/mt, and at Houston they rose by $5/mt to $/mt.
On Tuesday morning Brent crude futures were trading down by $/bl from the previous session’s close at $/bl as of 5:43 AM in London. In metric tonne terms that would be equivalent to a $/mt fall in bunker prices.
