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 $6.50/mt to $660.50/mt on Thursday, reaching the highest level since November 24. The G20-HSFO Index rose by $4.50/mt to $528/mt, while the G20-MGO Index was little changed at $885/mt.
ICE Brent crude futures sank by $2.02/bl to $80.86/bl on Thursday.
VLSFO prices at the top ports followed a positive trend. At Singapore prices rose by $8.50/mt to $666.50/mt, at Rotterdam they gained $10/mt to $586.50/mt, at Fujairah they climbed by $8.50/mt to $646.50/mt, and at Houston they advanced by $8.50/mt to $589.50/mt.
On Friday morning Brent crude futures were trading down by $0.14/bl at $80.72/bl as of 8:04 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 | 611.00 | 1.50 | 730.00 | 7.00 |
| Rotterdam | 557.50 | 1.00 | 718.50 | 2.00 |
| Houston | 576.00 | 1.00 | 750.50 | 2.50 |
| Fujairah | 608.50 | 2.50 | 829.00 | 2.00 |
| Global 20 Ports Average | 624.50 | 2.50 | 817.50 | 3.00 |
| Global 4 Ports Average | 588.50 | 0.50 | 757.00 | 2.50 |
| Global Average Bunker Price | 678.50 | 3.50 | 883.50 | 2.00 |
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