World News
BUNKER PRICES: G20-VLSFO Index Rises to Two-Week High
Bunker fuel prices advanced at most ports on Thursday, with global average VLSFO prices climbing to the highest level in almost two weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports rose by $7/mt to $664.50/mt on Thursday, reaching the highest level since March 5. The G20-HSFO Index rose by $6.50/mt to $518.50/mt, while the G20-MGO Index advanced by $1/mt to $875.50/mt.
ICE Brent crude futures jumped by $1.39/bl to $85.42/bl on Thursday.
VLSFO prices at the top ports followed a positive trend. At Singapore prices gained $5.50/mt to $638.50/mt, at Rotterdam they advanced by $10/mt to $595.50/mt, at Fujairah they climbed by $11/mt to $649/mt, and at Houston they jumped by $8.50/mt to $647/mt.
On Friday morning Brent futures were down by $0.16/bl from the previous session's close at $85.26/bl as of 6:48 AM in London. In metric tonne terms that would equate to a $1.20/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 649.00 | 0.50 | 775.00 | 3.50 |
| Rotterdam | 603.50 | 1.50 | 759.50 | 11.50 |
| Houston | 626.50 | 2.50 | 794.00 | 2.00 |
| Fujairah | 649.00 | 0.50 | 904.50 | 6.50 |
| Global 20 Ports Average | 664.00 | 2.00 | 855.00 | 0.00 |
| Global 4 Ports Average | 632.00 | 1.00 | 808.00 | 4.00 |
| Global Average Bunker Price | 716.50 | 1.00 | 901.00 | 12.50 |
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