World News
BUNKER PRICES: G20-VLSFO Index Rises to Four-Week High
Bunker fuel prices advanced at ports around the world on Friday, with global average VLSFO prices climbing to the highest level in almost four weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $2/mt to $560/mt on Friday, reaching its highest level since March 4.
The G20-HSFO Index jumped by $5.50/mt to $498/mt, while the G20-MGO Index climbed by $2/mt to $760/mt.
ICE Brent crude futures slipped by $0.40/bl to $73.63/bl on Friday.
VLSFO prices at the top four ports mostly followed a positive trend. At Singapore prices gained $3/mt to $532/mt, at Rotterdam they rose by $5/mt to $504/mt, at Fujairah they advanced by $2.50/mt to $527/mt, and at Houston they fell by $4.50/mt to $531/mt.
On Monday morning Brent futures were trading down by $0.23/bl from the previous session's close at $73.40/bl as of 5:40 AM in London. In metric tonne terms that would be equivalent to a $1.73/mt fall on the day in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 531.50 | 0.50 | 661.50 | 3.50 |
| Rotterdam | 501.00 | 3.00 | 663.50 | 0.50 |
| Houston | 537.00 | 6.00 | 683.00 | 2.00 |
| Fujairah | 529.50 | 2.50 | 746.50 | 0.50 |
| Global 20 Ports Average | 560.50 | 0.50 | 759.00 | 1.00 |
| Global 4 Ports Average | 525.00 | 1.50 | 688.50 | 0.50 |
| Global Average Bunker Price | 595.00 | 2.50 | 791.50 | 0.50 |
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