World News
BUNKER PRICES: G20-VLSFO Index Advances to Three-Day High
Bunker prices advanced at ports around the world on Friday, 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 $3/mt to $521/mt on Friday, reaching its highest level since April 8.
The G20-HSFO Index fell by $2.50/mt to $451.50/mt, while the G20-MGO Index advanced by $2/mt to $700/mt.
ICE Brent crude futures jumped by $1.43/bl to $64.76/bl on Friday.
VLSFO prices at the top four ports were mixed in direction. At Singapore prices were little changed at $486/mt, at Rotterdam they fell by $0.50/mt to $442/mt, at Fujairah they advanced by $2.50/mt to $483/mt, and at Houston they jumped by $7/mt to $463/mt.
On Monday morning Brent futures were trading down by $0.17/bl from the previous session's close at $64.59/bl as of 5:54 AM in London. In metric tonne terms that would be equivalent to a $1.28/mt fall on the day in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 495.00 | 9.00 | 600.00 | 4.50 |
| Rotterdam | 447.50 | 5.50 | 607.50 | 8.00 |
| Houston | 468.50 | 5.50 | 627.00 | 16.00 |
| Fujairah | 490.50 | 7.50 | 718.00 | 4.00 |
| Global 20 Ports Average | 523.00 | 2.00 | 704.00 | 4.00 |
| Global 4 Ports Average | 475.50 | 7.00 | 638.00 | 8.00 |
| Global Average Bunker Price | 563.50 | 0.50 | 740.00 | 7.50 |
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