World News
BUNKER PRICES: G20-VLSFO Index Holds Steady Despite Rise in Crude
Bunker prices were mixed in direction at ports around the world on Friday, with global average VLSFO prices holding overall at a one-week low despite a rise in crude futures.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports was little changed at $491/mt on Friday, having reached its lowest level since October 22 the previous day.
The G20-HSFO Index was little changed at $437.50/mt, while the G20-MGO Index advanced by $1.50/mt to $778.50/mt.
ICE Brent crude futures jumped by $0.40/bl to $64.77/bl on Friday.
VLSFO prices at the top four ports mostly followed a positive trend. At Singapore prices rose by $4.50/mt to $464.50/mt, at Rotterdam they declined by $3/mt to $433.50/mt, at Fujairah they climbed by $5/mt to $459/mt, and at Houston they jumped by $3.50/mt to $445.50/mt.
On Monday morning Brent crude futures were trading up by $0.43/bl from the previous session's close at $65.20/bl as of 6:09 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 | 464.50 | 4.50 | 735.50 | 6.50 |
| Rotterdam | 433.50 | 3.00 | 709.00 | 3.50 |
| Houston | 445.50 | 3.50 | 669.50 | 3.00 |
| Fujairah | 459.00 | 5.00 | 745.00 | 3.50 |
| Global 20 Ports Average | 491.00 | 0.00 | 778.50 | 1.50 |
| Global 4 Ports Average | 450.50 | 2.50 | 715.00 | 3.00 |
| Global Average Bunker Price | 530.00 | 7.50 | 812.50 | 0.00 |
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