World News
BUNKER PRICES: G20-VLSFO Index Advances for First in Three Sessions
Bunker fuel prices advanced at most ports on Thursday, with global average VLSFO prices climbing for the first in three sessions.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $1.50/mt to $637/mt on Thursday, having reached the lowest level since July 12 the previous day.
The G20-HSFO Index rose by $0.50/mt to $543.50/mt, while the G20-MGO Index climbed by $2.50/mt to $827.50/mt.
ICE Brent crude futures inched up by $0.03/bl to $85.11/bl on Thursday.
VLSFO prices at the top four ports followed a positive trend. At Singapore prices gained $6.50/mt to $625/mt, at Rotterdam they rose by $4/mt to $574/mt, at Fujairah they advanced by $6/mt to $626/mt, and at Houston they jumped by $3/mt to $604.50/mt.
On Friday morning Brent futures were trading down by $0.44/bl from the previous session's close at $84.67/bl as of 6:10 AM in London. In metric tonne terms that would be equivalent to a $3.31/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 627.50 | 3.00 | 643.50 | 2.00 |
| Rotterdam | 530.50 | 3.00 | 636.50 | 3.50 |
| Houston | 526.00 | 0.00 | 665.00 | 0.50 |
| Fujairah | 608.50 | 8.00 | 778.50 | 2.00 |
| Global 20 Ports Average | 612.50 | 3.50 | 746.50 | 1.00 |
| Global 4 Ports Average | 573.00 | 5.00 | 681.00 | 3.00 |
| Global Average Bunker Price | 657.00 | 4.00 | 827.50 | 2.50 |
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