World News
BUNKER PRICES: G20-VLSFO Index Advances to Four-Day High
Bunker fuel prices rose at most ports on Thursday, with global average VLSFO prices climbing to the highest level in four sessions.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $4.50/mt to $609/mt on Thursday, reaching the highest level since August 2.
The G20-HSFO Index jumped by $4.50/mt to $512/mt, while the G20-MGO Index climbed by $2.50/mt to $783/mt.
ICE Brent crude futures rose by $0.83/bl to $79.16/bl on Thursday.
VLSFO prices at the top four ports mostly followed a positive trend. At Singapore prices gained $6/mt to $564/mt, at Rotterdam they fell by $1.50/mt to $535.50/mt, at Fujairah they advanced by $8.50/mt to $590.50/mt, and at Houston they jumped by $6/mt to $551.50/mt.
On Friday morning Brent futures were trading down by $0.08/bl from the previous session's close at $79.08/bl as of 6:50 AM in London. In metric tonne terms that would be equivalent to a $0.60/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 569.50 | 0.00 | 680.00 | 0.00 |
| Rotterdam | 515.00 | 1.00 | 674.00 | 2.00 |
| Houston | 550.00 | 2.50 | 678.00 | 6.50 |
| Fujairah | 560.50 | 0.50 | 753.50 | 2.50 |
| Global 20 Ports Average | 586.00 | 0.00 | 761.00 | 2.00 |
| Global 4 Ports Average | 549.00 | 1.00 | 696.50 | 2.00 |
| Global Average Bunker Price | 634.50 | 1.00 | 800.50 | 2.00 |
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