World News
BUNKER PRICES: G20-VLSFO Index Advances to Three-Day High
Bunker fuel prices advanced at ports around the world on Friday, with global average VLSFO prices climbing to the highest level in three days.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $2.50/mt to $551.50/mt on Friday, reaching its highest level since March 18.
The G20-HSFO Index rose by $3.50/mt to $489/mt, while the G20-MGO Index climbed by $3.50/mt to $747/mt.
ICE Brent crude futures jumped by $0.16/bl to $72.16/bl on Friday.
VLSFO prices at the top four ports followed a positive trend. At Singapore prices rose by $3.50/mt to $519.50/mt, at Rotterdam they jumped by $2.50/mt to $497.50/mt, at Fujairah they advanced by $3/mt to $514/mt, and at Houston they climbed by $3/mt to $530.50/mt.
On Friday morning Brent futures were trading down by $0.12/bl from the previous session's close at $72.04/bl as of 6:02 AM in London. In metric tonne terms that would be equivalent to a $0.90/mt fall on the day in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 522.50 | 3.00 | 649.50 | 2.50 |
| Rotterdam | 498.00 | 1.50 | 647.50 | 7.00 |
| Houston | 529.00 | 1.00 | 672.00 | 0.00 |
| Fujairah | 519.50 | 4.50 | 746.00 | 2.50 |
| Global 20 Ports Average | 555.50 | 3.00 | 754.50 | 3.50 |
| Global 4 Ports Average | 517.50 | 2.00 | 679.00 | 3.50 |
| Global Average Bunker Price | 598.50 | 1.00 | 784.50 | 3.00 |
Popular Now More
-
Mar 25A company spokesperson tells Ship & Bunker the second barge Vemaharmony will start operations next month along with Spabunker Cuarenta. -
Mar 24The US has imposed sanctions on Shandong Shouguang Luqing Petrochemical, along with several shipping companies and tankers, for transporting Iranian crude oil. -
Mar 25Analysts now think the tariff craze may lead to further oil gains.