World News
BUNKER PRICES: G20-VLSFO Index Rallies After Week of Sharp Declines
Bunker fuel prices rallied at most ports on Friday, with global average VLSFO prices paring a sharp weekly decline.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports rose by $0.50/mt to $645.50/mt on Friday, paring its weekly decline to $18.50/mt. The G20-HSFO Index slipped by $3.50/mt to $538/mt, while the G20-MGO Index lost $5/mt to $827/mt.
ICE Brent crude futures sank by $0.71/bl to $82.96/bl on Friday.
VLSFO prices at the top ports were mixed in direction. At Singapore prices fell by $9/mt to $625/mt, at Rotterdam they advanced by $3.50/mt to $577.50/mt, at Fujairah they rose by $4/mt to $628.50/mt, and at Houston they slipped by $0.50/mt to $595/mt.
On Monday morning Brent futures were trading up by $0.26/bl from the previous session's close at $83.22/bl as of 5:37 AM in London. In metric tonne terms that would be equivalent to a $1.96/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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