World News
BUNKER PRICES: G20-VLSFO Index Jumps to One-Month High
Bunker fuel prices jumped at most ports on Friday, with global average VLSFO prices advancing to the highest level in almost a month.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $12/mt to $615/mt on Friday, reaching the highest level since September 5.
The G20-HSFO Index rose by $13.50/mt to $515/mt, while the G20-MGO Index advanced by $15/mt to $757/mt.
ICE Brent crude futures rose by $0.43/bl to $78.05/bl on Friday.
VLSFO prices at the top four ports followed a positive trend. At Singapore prices gained $13.50/mt to $602.50/mt, at Rotterdam they rose by $6.50/mt to $540.50/mt, at Fujairah they advanced by $17.50/mt to $592.50/mt, and at Houston they jumped by $21.50/mt to $552.50/mt.
On Monday morning Brent futures were trading down by $0.56/bl from the previous session's close at $77.49/bl as of 7:49 AM in Singapore. In metric tonne terms that would be equivalent to a $4.22/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 602.50 | 13.50 | 676.00 | 10.00 |
| Rotterdam | 540.50 | 6.50 | 665.50 | 18.00 |
| Houston | 552.50 | 21.50 | 685.50 | 25.00 |
| Fujairah | 592.50 | 17.50 | 783.00 | 10.00 |
| Global 20 Ports Average | 615.00 | 12.00 | 757.00 | 15.00 |
| Global 4 Ports Average | 572.00 | 14.50 | 702.50 | 16.00 |
| Global Average Bunker Price | 653.00 | 9.50 | 824.50 | 9.50 |
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