World News
BUNKER PRICES: G20-VLSFO Index Rises for First Day in Five
Bunker fuel prices rose at most ports on Friday, with global average VLSFO prices advancing for the first in five sessions.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $1.50/mt to $579.50/mt on Friday, having reached the lowest level since June 2023 the previous day.
The G20-HSFO Index gained $2/mt to $491/mt, while the G20-MGO Index was little changed at $758.50/mt.
ICE Brent crude futures fell by $0.94/bl to $71.84/bl on Friday.
VLSFO prices at the top four ports mostly followed a positive trend. At Singapore prices gained $0.50/mt to $549.50/mt, at Rotterdam they declined by $2.50/mt to $505.50/mt, at Fujairah they rose by $1/mt to $543/mt, and at Houston they jumped by $7/mt to $553.50/mt.
On Monday morning Brent futures were trading up by $0.43/bl from the previous session's close at $72.27/bl as of 5:57 AM in London. In metric tonne terms that would be equivalent to a $3.24/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 549.50 | 0.50 | 672.50 | 2.00 |
| Rotterdam | 505.50 | 2.50 | 656.50 | 2.50 |
| Houston | 553.50 | 7.00 | 676.50 | 4.50 |
| Fujairah | 543.00 | 1.00 | 746.00 | 2.00 |
| Global 20 Ports Average | 579.50 | 1.50 | 758.50 | 0.00 |
| Global 4 Ports Average | 538.00 | 1.50 | 688.00 | 1.50 |
| Global Average Bunker Price | 624.00 | 0.50 | 804.50 | 3.00 |
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