World News
BUNKER PRICES: G20-VLSFO Index Jumps to One-Week High
Bunker fuel prices advanced at most ports on Friday, with global average VLSFO prices climbing to the highest level in more than a week.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $5/mt to $668.50/mt on Friday, reaching the highest level since March 20. The G20-HSFO Index advanced by $7/mt to $533.50/mt, while the G20-MGO rose by $1/mt to $878.50/mt.
ICE Brent crude futures did not trade on Friday during public holidays for Easter.
VLSFO prices at the top ports were mixed in direction. At Singapore prices advanced by $10/mt to $647.50/mt, at Rotterdam they were little changed at $600/mt, at Fujairah they fell by $6/mt to $640/mt, and at Houston they jumped by $7/mt to $659/mt.
On Monday morning Brent futures were trading up by $0.25/bl from the previous session's close at $87.25/bl as of 7:14 AM in London. In metric tonne terms that would be equivalent to a $1.88/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 571.00 | 1.50 | 685.50 | 5.50 |
| Rotterdam | 516.50 | 1.50 | 677.50 | 3.50 |
| Houston | 556.00 | 6.00 | 679.00 | 1.00 |
| Fujairah | 565.00 | 4.50 | 755.00 | 1.50 |
| Global 20 Ports Average | 589.00 | 3.00 | 764.50 | 3.50 |
| Global 4 Ports Average | 552.00 | 3.00 | 699.00 | 2.50 |
| Global Average Bunker Price | 635.50 | 1.00 | 811.50 | 11.00 |
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