World News
BUNKER PRICES: G20-VLSFO Index Advances for Fourth Day
Bunker fuel prices advanced at most ports on Friday, with global average VLSFO prices climbing for a fourth consecutive session.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $0.50/mt to $638/mt on Friday, reaching the highest level since May 20.
The G20-HSFO Index rose by $2.50/mt to $543/mt, while the G20-MGO Index advanced by $4.50/mt to $849/mt.
ICE Brent crude futures fell by $0.26/bl to $85/bl on Friday.
VLSFO prices at the top ports followed a positive trend. At Singapore prices gained $3/mt to $630.50/mt, at Rotterdam they rose by $4.50/mt to $577.50/mt, at Fujairah they climbed by $6.50/mt to $632.50/mt, and at Houston they jumped by $3.50/mt to $609.50/mt.
On Monday morning Brent futures were trading up by $0.46/bl from the previous session's close at $85.46/bl as of 6:54 AM in London. In metric tonne terms that would be equivalent to a $3.46/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 640.50 | 1.50 | 771.00 | 2.00 |
| Rotterdam | 586.50 | 3.00 | 782.00 | 4.50 |
| Houston | 615.00 | 0.00 | 790.50 | 2.50 |
| Fujairah | 639.50 | 0.00 | 863.00 | 0.50 |
| Global 20 Ports Average | 651.00 | 6.50 | 858.00 | 5.00 |
| Global 4 Ports Average | 620.50 | 0.50 | 801.50 | 0.00 |
| Global Average Bunker Price | 697.00 | 10.50 | 913.50 | 3.50 |
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