World News
BUNKER PRICES: G20-VLSFO Index Advances for Third Day
Bunker fuel prices rose at most ports on Thursday, with global average VLSFO prices advancing for a third consecutive session.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $0.50/mt to $609/mt on Thursday, reaching the highest level since October 14.
The G20-HSFO Index sank by $13.50/mt to $522/mt, while the G20-MGO Index climbed by $2/mt to $751/mt.
ICE Brent crude futures dropped by $0.58/bl to $74.38/bl on Thursday.
VLSFO prices at the top four ports mostly followed a positive trend. At Singapore prices gained $10/mt to $611.50/mt, at Rotterdam they rose by $1/mt to $544/mt, at Fujairah they climbed by $10/mt to $595.50/mt, and at Houston they slipped by $1/mt to $540.50/mt.
On Friday morning Brent futures were trading up by $0.21/bl from the previous session's close at $74.59/bl as of 6:36 AM in London. In metric tonne terms that would be equivalent to a $1.58/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 585.50 | 23.00 | 652.00 | 4.00 |
| Rotterdam | 534.50 | 6.50 | 661.50 | 10.00 |
| Houston | 529.00 | 10.00 | 645.00 | 23.00 |
| Fujairah | 569.50 | 18.00 | 751.50 | 11.50 |
| Global 20 Ports Average | 606.50 | 2.50 | 750.00 | 1.00 |
| Global 4 Ports Average | 569.00 | 4.00 | 689.50 | 0.00 |
| Global Average Bunker Price | 648.00 | 2.50 | 813.50 | 2.50 |
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