World News
BUNKER PRICES: G20-VLSFO Index Climbs for Second Session
Bunker fuel prices advanced at most ports on Friday, with global average VLSFO prices rising for a second consecutive session after a series of declines.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $2/mt to $591.50/mt on Friday, adding to the previous day's advance of the same size.
The G20-HSFO Index rose by $3.50mt to $483/mt, while the G20-MGO Index climbed by $3/mt to $733.50/mt.
ICE Brent crude futures slipped by $0.36/bl to $71.61/bl on Friday.
VLSFO prices at the top four ports mostly followed a negative trend. At Singapore prices lost $7/mt to $574/mt, at Rotterdam they fell by $4/mt to $502/mt, at Fujairah they slipped by $6/mt to $568/mt, and at Houston they advanced by $3/mt to $503.50/mt.
On Monday morning Brent futures were trading down by $0.04/bl from the previous session's close at $71.57/bl as of 5:27 AM in London. In metric tonne terms that would be equivalent to a $0.30/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 581.50 | 5.50 | 623.00 | 1.50 |
| Rotterdam | 507.00 | 0.50 | 613.50 | 2.50 |
| Houston | 516.00 | 2.50 | 648.50 | 6.50 |
| Fujairah | 572.00 | 2.50 | 776.50 | 2.00 |
| Global 20 Ports Average | 588.50 | 2.00 | 730.00 | 1.50 |
| Global 4 Ports Average | 544.00 | 1.50 | 665.50 | 3.00 |
| Global Average Bunker Price | 633.50 | 1.50 | 802.00 | 0.50 |
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