World News
BUNKER PRICES: G20-VLSFO Index Rises With Crude
Bunker prices advanced at ports around the world on Thursday, with global average VLSFO prices climbing along with a jump in crude futures.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $2.50/mt to $523.50/mt on Thursday, paring the previous day's $3/mt decline.
The G20-HSFO Index jumped by $4/mt to $460.50/mt, while the G20-MGO Index advanced by $6.50/mt to $714/mt.
ICE Brent crude futures rose by $2.11/bl to $67.96/bl on Thursday.
VLSFO prices at the top four ports followed a positive trend. At Singapore prices gained $2.50/mt to $497/mt, at Rotterdam they rose by $4/mt to $453/mt, at Fujairah they advanced by $3.50/mt to $494/mt, and at Houston they jumped by $1/mt to $475.50/mt.
Trading in ICE Brent futures is closed on Friday for the Easter public holidays.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 501.50 | 4.50 | 609.00 | 5.50 |
| Rotterdam | 465.50 | 12.50 | 613.00 | 2.00 |
| Houston | 474.00 | 1.50 | 637.50 | 8.00 |
| Fujairah | 498.50 | 4.50 | 725.50 | 9.00 |
| Global 20 Ports Average | 529.50 | 6.00 | 717.00 | 3.00 |
| Global 4 Ports Average | 485.00 | 5.00 | 646.00 | 2.00 |
| Global Average Bunker Price | 568.00 | 4.50 | 754.50 | 7.00 |
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