World News
BUNKER PRICES: G20-VLSFO Index Advances to Three-Day High
Bunker fuel prices advanced at most ports on Thursday, with global average VLSFO prices climbing to the highest level in three days.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $1.50/mt to $591/mt on Thursday, reaching the highest level since October 28.
The G20-HSFO Index rose by $1.50/mt to $513.50/mt, while the G20-MGO Index jumped by $8.50/mt to $746.50/mt.
ICE Brent crude futures rose by $0.65/bl to $72.81/bl on Thursday.
VLSFO prices at the top four ports mostly followed a positive trend. At Singapore prices gained $4/mt to $586/mt, at Rotterdam they advanced by $6/mt to $518.50/mt, at Fujairah they climbed by $3/mt to $569.50/mt, and at Houston they fell by $3.50/mt to $523.50/mt.
On Friday morning Brent futures were trading up by $1.31/bl from the previous session's close at $74.12/bl as of 6:32 AM in London. In metric tonne terms that would be equivalent to a $9.86/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 596.00 | 6.00 | 687.00 | 14.50 |
| Rotterdam | 524.50 | 0.50 | 683.00 | 13.50 |
| Houston | 538.00 | 7.50 | 668.50 | 9.50 |
| Fujairah | 582.50 | 1.00 | 770.50 | 12.00 |
| Global 20 Ports Average | 596.00 | 0.50 | 757.00 | 1.50 |
| Global 4 Ports Average | 560.50 | 4.00 | 702.50 | 12.50 |
| Global Average Bunker Price | 643.00 | 2.00 | 811.50 | 0.50 |
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