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 a week.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $4.50/mt to $595.50/mt on Friday, reaching the highest level since October 25.
The G20-HSFO Index rose by $1.50/mt to $515/mt, while the G20-MGO Index jumped by $9/mt to $755.50/mt.
ICE Brent crude futures rose by $0.29/bl to $73.10/bl on Friday.
VLSFO prices at the top four ports followed a positive trend. At Singapore prices gained $4/mt to $590/mt, at Rotterdam they advanced by $5.50/mt to $524/mt, at Fujairah they climbed by $12/mt to $581.50/mt, and at Houston they rose by $7/mt to $530.50/mt.
On Monday morning Brent futures were trading up by $1.23/bl from the previous session's close at $74.33/bl as of 7:56 AM in London. In metric tonne terms that would be equivalent to a $9.26/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 597.00 | 7.00 | 695.00 | 22.50 |
| Rotterdam | 520.50 | 3.50 | 655.00 | 14.50 |
| Houston | 515.00 | 15.50 | 659.00 | 9.00 |
| Fujairah | 578.00 | 3.50 | 785.00 | 26.50 |
| Global 20 Ports Average | 595.50 | 4.50 | 755.50 | 9.00 |
| Global 4 Ports Average | 556.50 | 7.00 | 690.00 | 11.00 |
| Global Average Bunker Price | 641.00 | 4.50 | 811.00 | 5.50 |
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