World News
BUNKER PRICES: G20-VLSFO Index Rises for Second Session
Bunker prices mostly advanced at ports around the world on Thursday, with global average VLSFO prices climbing for a second consecutive session.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports rose by $0.50/mt to $534/mt on Thursday, remaining at its highest level since May 22.
The G20-HSFO Index jumped by $1.50/mt to $465/mt, while the G20-MGO Index climbed by $2.50/mt to $711.50/mt.
ICE Brent crude futures advanced by $0.48/bl to $65.34/bl on Thursday.
VLSFO prices at the top four ports mostly followed a positive trend. At Singapore prices rose by $1/mt to $512.50/mt, at Rotterdam they advanced by $0.50/mt to $476/mt, at Fujairah they jumped by $1.50/mt to $503/mt, and at Houston they slipped by $5.50/mt to $469/mt.
On Friday morning Brent crude futures were trading down by $0.16/bl from the previous session's close at $65.18/bl as of 5:22 AM in London. In metric tonne terms that would be equivalent to a $1.20/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 568.50 | 10.00 | 698.00 | 24.00 |
| Rotterdam | 524.00 | 8.00 | 718.50 | 17.00 |
| Houston | 544.50 | 8.50 | 734.50 | 19.00 |
| Fujairah | 556.50 | 7.50 | 764.00 | 11.00 |
| Global 20 Ports Average | 581.50 | 10.50 | 789.50 | 22.50 |
| Global 4 Ports Average | 548.50 | 8.50 | 728.50 | 17.50 |
| Global Average Bunker Price | 608.00 | 7.00 | 816.00 | 14.50 |
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