World News
BUNKER PRICES: G20-VLSFO Index Advances for Third Day
Bunker prices mostly advanced at ports around the world on Thursday, with global average VLSFO prices climbing for a third consecutive day.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $1/mt to $519.50/mt on Thursday, remaining at its highest level since April 30.
The G20-HSFO Index slipped by $1/mt to $448.50/mt, while the G20-MGO Index fell by $1.50/mt to $694/mt.
ICE Brent crude futures jumped by $1.72/bl to $63.84/bl on Thursday.
VLSFO prices at the top four ports followed a positive trend. At Singapore prices rose by $3.50/mt to $504.50/mt, at Rotterdam they advanced by $2/mt to $444/mt, at Fujairah they climbed by $1.50/mt to $494.50/mt, and at Houston they jumped by $1/mt to $446/mt.
On Friday morning Brent crude futures were trading down by $0.65/bl from the previous session's close at $63.19/bl as of 6:21 AM in London. In metric tonne terms that would be equivalent to a $4.89/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 510.00 | 1.00 | 600.50 | 1.50 |
| Rotterdam | 472.50 | 3.00 | 612.50 | 3.00 |
| Houston | 472.00 | 0.00 | 619.00 | 0.50 |
| Fujairah | 502.00 | 2.00 | 709.00 | 4.50 |
| Global 20 Ports Average | 532.00 | 1.00 | 706.00 | 0.50 |
| Global 4 Ports Average | 489.50 | 1.50 | 635.50 | 2.00 |
| Global Average Bunker Price | 568.50 | 1.00 | 753.50 | 1.00 |
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