World News
BUNKER PRICES: G20-VLSFO Index Jumps to Eight-Week High
Bunker fuel prices advanced at most ports on Thursday, with average global VLSFO prices climbing to the highest level in more than eight weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports rose by $5.50/mt to $613.50/mt on Thursday, reaching the highest level since April 25. The G20-HSFO Index was little changed at $498.50/mt, while the G20-MGO Index climbed by $3.50/mt to $788.50/mt.
ICE Brent crude futures lost $2.98/bl to $74.14/bl on Thursday.
VLSFO prices at the top ports had a mixed trend. At Singapore prices rose by $0.50/mt to $612.50/mt, at Rotterdam they slipped by $1/mt to $552/mt, at Fujairah they advanced by $5.50/mt to $600.50/mt, and at Houston they dropped by $6.50/mt to $538.50/mt.
On Friday morning Brent crude futures were trading down by $1.01/bl at $73.13/bl as of 9:23 AM in London. In metric tonne terms that would be equivalent to a $7.61/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 571.00 | 1.50 | 685.50 | 5.50 |
| Rotterdam | 516.50 | 1.50 | 677.50 | 3.50 |
| Houston | 556.00 | 6.00 | 679.00 | 1.00 |
| Fujairah | 565.00 | 4.50 | 755.00 | 1.50 |
| Global 20 Ports Average | 589.00 | 3.00 | 764.50 | 3.50 |
| Global 4 Ports Average | 552.00 | 3.00 | 699.00 | 2.50 |
| Global Average Bunker Price | 635.50 | 1.00 | 811.50 | 11.00 |
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