World News
BUNKER PRICES: G20-VLSFO Index Climbs For Sixth Session
Bunker fuel prices advanced for a sixth consecutive session at most ports on Friday.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $6.50/mt to $706.50/mt on Frisday, remaining at the highest level since November 17. The G20-HSFO Index gained $3/mt to $473/mt, while the G20-MGO Index advanced by $5.50/mt to $1,060.50/mt.
ICE Brent crude futures lost $0.81bl to $86.66/bl on Friday.
VLSFO prices at the top ports mostly had a positive trend. At Singapore prices advanced by $8/mt to $709/mt, at Rotterdam they climbed by $10/mt to $623/mt, at Fujairah they rose by $12.50/mt to $690/mt and at Houston they jumped by $16.50/mt to $652/mt.
On Monday morning Brent futures were trading down by $0.30/bl at $86.36/bl as of 10:40 AM in London. In metric tonne terms that would amount to a $2.26/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 647.00 | 8.50 | 779.00 | 29.50 |
| Rotterdam | 608.00 | 11.00 | 764.50 | 24.50 |
| Houston | 636.50 | 8.00 | 807.50 | 5.00 |
| Fujairah | 649.50 | 4.00 | 888.50 | 11.50 |
| Global 20 Ports Average | 665.50 | 6.50 | 870.50 | 14.50 |
| Global 4 Ports Average | 635.50 | 3.50 | 810.00 | 17.50 |
| Global Average Bunker Price | 725.00 | 2.50 | 925.50 | 8.00 |
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