World News
BUNKER PRICES: G20-VLSFO Index Advances for First Session in Four
Bunker fuel prices rallied at most ports on Friday, with global average VLSFO prices climbing for the first in four consecutive sessions.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $0.50/mt to $672/mt on Friday, reversing the previous day's loss of the same size. The G20-HSFO Index rose by $0.50/mt to $543.50/mt, while the G20-MGO Index sank by $5.50/mt to $896/mt.
ICE Brent crude futures gained $0.71/bl to $90.45/bl on Friday.
VLSFO prices at the top ports were mixed in direction. At Singapore prices declined by $4.50/mt to $646/mt, at Rotterdam they gained $6/mt to $618/mt, at Fujairah they were little changed at $649/mt, and at Houston they rose by $2/mt to $649/mt.
On Monday morning Brent futures were trading down by $0.43/bl from the previous session's close at $90.02/bl as of 7:10 AM in London. In metric tonne terms that would be equivalent to a $3.24/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 511.00 | 3.50 | 644.00 | 3.50 |
| Rotterdam | 500.00 | 6.00 | 631.50 | 0.50 |
| Houston | 522.00 | 2.50 | 671.50 | 2.50 |
| Fujairah | 507.00 | 3.00 | 738.00 | 0.50 |
| Global 20 Ports Average | 552.00 | 1.50 | 737.50 | 8.00 |
| Global 4 Ports Average | 510.00 | 2.50 | 671.50 | 1.50 |
| Global Average Bunker Price | 598.00 | 0.50 | 787.00 | 3.50 |
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