World News
BUNKER PRICES: G20-VLSFO Index Advances
Bunker fuel prices advanced at most ports on Thursday, with global average VLSFO prices rallying after a decline the previous day.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $0.50/mt to $654.50/mt on Thursday, having dropped by $3/mt the previous day. The G20-HSFO Index advanced by $3/mt to $573/mt, while the G20-MGO Index slipped by $5.50/mt to $969/mt.
ICE Brent crude futures gained $1.59/bl to $86.83/bl on Thursday.
VLSFO prices at the top ports mostly followed a negative trend. At Singapore prices fell by $3/mt to $637/mt, at Rotterdam they lost $3/mt to $599.50/mt, at Fujairah they declined by $4.50/mt to $631.50/mt, and at Houston they climbed by $8/mt to $644/mt.
On Friday morning Brent crude futures were trading up by $0.21/bl at $87.04/bl as of 9:13 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 | 590.00 | 1.00 | 655.50 | 1.00 |
| Rotterdam | 542.00 | 5.50 | 665.00 | 18.00 |
| Houston | 537.00 | 3.00 | 662.50 | 7.50 |
| Fujairah | 579.50 | 3.50 | 757.50 | 2.00 |
| Global 20 Ports Average | 603.50 | 1.50 | 745.00 | 0.50 |
| Global 4 Ports Average | 562.00 | 0.50 | 685.00 | 6.50 |
| Global Average Bunker Price | 646.50 | 1.50 | 810.00 | 2.50 |
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