World News
BUNKER PRICES: G20-VLSFO Index Jumps to Two-Week High
Bunker prices mostly advanced at ports around the world on Friday, with global average VLSFO prices climbing to the highest level in almost two weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $6.50/mt to $526/mt on Friday, reaching its highest level since April 28.
The G20-HSFO Index jumped by $7/mt to $455.50/mt, while the G20-MGO Index rose by $6.50/mt to $700.50/mt.
ICE Brent crude futures jumped by $1.07/bl to $63.91/bl on Friday.
VLSFO prices at the top four ports followed a positive trend. At Singapore prices rose by $6.50/mt to $511/mt, at Rotterdam they advanced by $7/mt to $451/mt, at Fujairah they climbed by $3.50/mt to $498/mt, and at Houston they jumped by $4.50/mt to $450.50/mt.
On Monday morning Brent crude futures were trading up by $0.38/bl from the previous session's close at $64.29/bl as of 5:46 AM in London. In metric tonne terms that would be equivalent to a $2.86/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 511.00 | 6.50 | 590.50 | 2.00 |
| Rotterdam | 451.00 | 7.00 | 597.00 | 8.00 |
| Houston | 450.50 | 4.50 | 602.50 | 14.50 |
| Fujairah | 498.00 | 3.50 | 710.00 | 3.00 |
| Global 20 Ports Average | 526.00 | 6.50 | 700.50 | 6.50 |
| Global 4 Ports Average | 477.50 | 5.50 | 625.00 | 6.00 |
| Global Average Bunker Price | 564.50 | 3.50 | 747.50 | 2.00 |
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