World News
BUNKER PRICES: G20-VLSFO Index Advances Despite Drop in Crude
Bunker fuel prices rallied at most ports on Friday, with global average VLSFO prices climbing marginally despite a drop in crude futures.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $0.50/mt to $678.50/mt on Friday, having lost $2.50/mt the previous day. The G20-HSFO Index gained $3/mt to $541.50/mt, while the G20-MGO Index advanced by $7/mt to $945/mt.
ICE Brent crude futures sank by $1.96/bl to $84.89/bl on Friday.
VLSFO prices at the top ports mostly followed a positive trend. At Singapore prices rose by $7/mt to $694/mt, at Rotterdam they gained $6/mt to $604/mt, at Fujairah they advanced by $16.50/mt to $690.50/mt, and at Houston they slipped by $1.50/mt to $606/mt.
On Monday morning Brent crude futures were trading up by $0.50/bl at $85.39/bl as of 6:56 AM in London. In metric tonne terms that would be equivalent to a $3.77/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 571.00 | 1.50 | 685.50 | 5.50 |
| Rotterdam | 516.50 | 1.50 | 677.50 | 3.50 |
| Houston | 556.00 | 6.00 | 679.00 | 1.00 |
| Fujairah | 565.00 | 4.50 | 755.00 | 1.50 |
| Global 20 Ports Average | 589.00 | 3.00 | 764.50 | 3.50 |
| Global 4 Ports Average | 552.00 | 3.00 | 699.00 | 2.50 |
| Global Average Bunker Price | 635.50 | 1.00 | 811.50 | 11.00 |
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