World News
BUNKER PRICES: G20-VLSFO Index Advances for First Session in 10
Bunker fuel prices rallied at most ports on Thursday, with global average VLSFO prices rising for the first in 10 consecutive sessions.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $2/mt to $611/mt on Thursday, in its first daily advance since November 30. The G20-HSFO Index rose by $3/mt to $498.50/mt, while the G20-MGO Index jumped by $3/mt to $836/mt.
ICE Brent crude futures surged by $2.35/bl to $76.61/bl on Thursday.
VLSFO prices at the top ports mostly followed a positive trend. At Singapore prices fell by $1/mt to $581.50/mt, at Rotterdam they gained $18.50/mt to $536.50/mt, at Fujairah they jumped by $3.50/mt to $590.50/mt, and at Houston they advanced by $7/mt to $542/mt.
On Friday morning Brent crude futures were trading up by $0.21/bl at $76.82/bl as of 6:39 AM in London. In metric tonne terms that would be equivalent to a $1.58/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 602.50 | 13.50 | 676.00 | 10.00 |
| Rotterdam | 540.50 | 6.50 | 665.50 | 18.00 |
| Houston | 552.50 | 21.50 | 685.50 | 25.00 |
| Fujairah | 592.50 | 17.50 | 783.00 | 10.00 |
| Global 20 Ports Average | 615.00 | 12.00 | 757.00 | 15.00 |
| Global 4 Ports Average | 572.00 | 14.50 | 702.50 | 16.00 |
| Global Average Bunker Price | 653.00 | 9.50 | 824.50 | 9.50 |
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