World News
BUNKER PRICES: G20-VLSFO Index Rises for First Session in Nine
Bunker fuel prices advanced at most ports on Friday, with global VLSFO prices rising for the first session in nine.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $5/mt to $638/mt on Friday, paring its overall loss for last weeks as a whole to$22/mt. The G20-HSFO Index rose by $5.50/mt to $456/mt, while the G20-MGO Index declined by $0.50/mt to $912.50/mt.
ICE Brent crude futures gained $0.95bl to $83.16/bl on Friday.
VLSFO prices at the top ports mostly had a positive trend. At Singapore prices rose by $9.50/mt to $598/mt, at Rotterdam they advanced by $7.50/mt to $564/mt, at Fujairah they climbed by $12/mt to $604.50/mt and at Houston they declined by $0.50/mt to $612/mt.
On Monday morning Brent futures were trading up by $0.10/bl at $83.26/bl as of 10:17 AM in London. In metric tonner terms that would amount to a $0.75/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 647.50 | 1.00 | 770.00 | 3.50 |
| Rotterdam | 601.50 | 2.50 | 754.00 | 2.00 |
| Houston | 619.00 | 11.50 | 795.50 | 3.00 |
| Fujairah | 651.50 | 1.00 | 895.00 | 2.00 |
| Global 20 Ports Average | 664.00 | 1.50 | 856.50 | 2.00 |
| Global 4 Ports Average | 630.00 | 3.00 | 803.50 | 2.50 |
| Global Average Bunker Price | 718.00 | 0.50 | 914.50 | 0.50 |
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