World News
BUNKER PRICES: G20-VLSFO Index Back Above $600/MT
Bunker fuel prices advanced with crude at most ports on Thursday, with global average VLSFO prices trading above $600/mt again for the first time since last week.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $4/mt to $603/mt on Thursday, reaching the highest level since March 17. The G20-HSFO Index rose by $2/mt to $465/mt, while the G20-MGO Index advanced by $1/mt to $874/mt.
ICE Brent crude futures lost $0.78/bl to $75.91/bl on Thursday.
VLSFO prices at the top ports mostly followed a positive trend. At Singapore prices fell by $1/mt to $565/mt, at Rotterdam they advanced by $6/mt to $542.50/mt, at Fujairah they climbed by $4/mt to $566.50/mt and at Houston they jumped by $10/mt to $573/mt.
On Friday morning Brent futures were trading down by $0.87/bl at $75.04/bl as of 9:25 AM in London. In metric tonne terms that would amount to a $6.55/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 571.00 | 1.50 | 685.50 | 5.50 |
| Rotterdam | 516.50 | 1.50 | 677.50 | 3.50 |
| Houston | 556.00 | 6.00 | 679.00 | 1.00 |
| Fujairah | 565.00 | 4.50 | 755.00 | 1.50 |
| Global 20 Ports Average | 589.00 | 3.00 | 764.50 | 3.50 |
| Global 4 Ports Average | 552.00 | 3.00 | 699.00 | 2.50 |
| Global Average Bunker Price | 635.50 | 1.00 | 811.50 | 11.00 |
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