World News
BUNKER PRICES: G20-VLSFO Index Advances for First in Six Sessions
Bunker fuel prices rallied at most ports on Thursday, with global average VLSFO prices advancing for the first in six consecutive sessions.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports rose by $1.50/mt to $599/mt on Thursday, having reached the lowest level since July 20 the previous day. The G20-HSFO Index dropped by $1.50/mt to $520/mt, while the G20-MGO Index slipped by $7/mt to $775.50/mt.
ICE Brent crude futures rose by $1.46/bl to $79.87/bl on Thursday.
VLSFO prices at the top ports mostly followed a positive trend. At Singapore prices rose by $0.50/mt to $579.50/mt, at Rotterdam they climbed by $2/mt to $528/mt, at Fujairah they advanced by $8.50/mt to $583/mt, and at Houston they slipped by $4.50/mt to $568/mt.
On Friday morning Brent futures were trading up by $0.16/bl from the previous session's close at $80.03/bl as of 6:39 AM in London. In metric tonne terms that would be equivalent to a $1.20/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 569.50 | 0.00 | 680.00 | 0.00 |
| Rotterdam | 515.00 | 1.00 | 674.00 | 2.00 |
| Houston | 550.00 | 2.50 | 678.00 | 6.50 |
| Fujairah | 560.50 | 0.50 | 753.50 | 2.50 |
| Global 20 Ports Average | 586.00 | 0.00 | 761.00 | 2.00 |
| Global 4 Ports Average | 549.00 | 1.00 | 696.50 | 2.00 |
| Global Average Bunker Price | 634.50 | 1.00 | 800.50 | 2.00 |
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