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 | 602.50 | 13.50 | 676.00 | 10.00 |
| Rotterdam | 540.50 | 6.50 | 665.50 | 18.00 |
| Houston | 552.50 | 21.50 | 685.50 | 25.00 |
| Fujairah | 592.50 | 17.50 | 783.00 | 10.00 |
| Global 20 Ports Average | 615.00 | 12.00 | 757.00 | 15.00 |
| Global 4 Ports Average | 572.00 | 14.50 | 702.50 | 16.00 |
| Global Average Bunker Price | 653.00 | 9.50 | 824.50 | 9.50 |
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