World News
BUNKER PRICES: G20-VLSFO Index Advances to One-Week High
Bunker fuel prices advanced at most ports on Thursday, with global average VLSFO prices climbing to the highest level in almost a week.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $2.50/mt to $650.50/mt on Thursday, reaching the highest level since February 2. The G20-HSFO Index rose by $2.50/mt to $499/mt, while the G20-MGO Index advanced by $6.50/mt to $880/mt.
ICE Brent crude futures rose by $2.42/bl to $81.63/bl on Thursday.
VLSFO prices at the top ports followed a positive trend. At Singapore prices rose by $5.50/mt to $633.50/mt, at Rotterdam they gained $4/mt to $569.50/mt, at Fujairah they climbed by $6/mt to $617/mt, and at Houston they rallied by $4.50/mt to $632/mt.
On Friday morning Brent futures were trading down by $0.14/bl from the previous session's close at $81.49/bl as of 7:41 AM in London. In metric tonne terms that would be equivalent to a $1.05/mt fall 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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