World News
BUNKER PRICES: G20-VLSFO Index Rises for Second Day
Bunker fuel prices advanced at ports around the world on Thursday, with global average VLSFO prices climbing for a second consecutive session.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $1.50/mt to $598/mt on Thursday, reaching its highest level since February 12.
The G20-HSFO Index rose by $0.50/mt to $519/mt, while the G20-MGO Index jumped by $8.50/mt to $787/mt.
ICE Brent crude futures climbed by $0.44/bl to $76.48/bl on Thursday.
VLSFO prices at the top four ports were mixed in direction. At Singapore prices fell by $1/mt to $573.50mt, at Rotterdam they gained $2/mt to $542/mt, at Fujairah they declined by $0.50/mt to $569.50/mt, and at Houston they jumped by $5/mt to $565.50/mt.
On Friday morning Brent futures were trading down by $0.38/bl from the previous session's close at $76.10/bl as of 8:31 AM in London. In metric tonne terms that would be equivalent to a $2.86/mt fall on the day in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 570.00 | 3.50 | 694.50 | 0.50 |
| Rotterdam | 541.00 | 1.00 | 687.50 | 1.00 |
| Houston | 566.00 | 0.50 | 732.50 | 6.00 |
| Fujairah | 568.50 | 1.00 | 770.00 | 3.50 |
| Global 20 Ports Average | 596.00 | 2.00 | 791.50 | 4.50 |
| Global 4 Ports Average | 561.50 | 1.00 | 721.00 | 2.50 |
| Global Average Bunker Price | 641.00 | 0.50 | 831.00 | 0.00 |
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