World News
BUNKER PRICES: G20-VLSFO Index Rallies at End of Week
Bunker fuel prices advanced at most ports on Friday, with global average VLSFO prices almost erasing their decline for the week as a whole.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports rose by $2/mt to $664/mt on Friday, paring the decline since the previous week to $1/mt. The G20-HSFO Index slipped by $1/mt to $548/mt, while the G20-MGO Index was little changed at $855/mt.
ICE Brent crude futures rose by $0.49/bl to $89.50/bl on Friday.
VLSFO prices at the top ports were mixed in direction. At Singapore prices declined by $0.50/mt to $649/mt, at Rotterdam they advanced by $1.50/mt to $603.50/mt, at Fujairah they slipped by $0.50/mt to $649/mt, and at Houston they climbed by $2.50/mt to $626.50/mt.
On Monday morning Brent futures were trading down by $0.87/bl from the previous session's close at $88.63/bl as of 7:34 AM in London. In metric tonne terms that would be equivalent to a $6.55/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 624.50 | 3.00 | 727.00 | 6.50 |
| Rotterdam | 569.50 | 1.00 | 739.50 | 2.50 |
| Houston | 593.00 | 3.00 | 762.50 | 4.50 |
| Fujairah | 629.00 | 2.00 | 883.00 | 5.00 |
| Global 20 Ports Average | 639.50 | 0.50 | 820.00 | 1.50 |
| Global 4 Ports Average | 604.00 | 0.50 | 778.00 | 1.50 |
| Global Average Bunker Price | 691.50 | 2.00 | 881.50 | 0.50 |
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