World News
BUNKER PRICES: G20-VLSFO Index Rallies for First Session in Four
Bunker fuel prices rallied at most ports on Thursday, with global average VLSFO prices advancing for the first in four consecutive sessions.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports rose by $1.50/mt to $671/mt on Thursday, in its first daily advance since October 20. The G20-HSFO Index lost $2/mt to $543/mt, while the G20-MGO Index slipped by $2/mt to $944/mt.
ICE Brent crude futures sank by $2.20/bl to $87.93/bl on Thursday.
VLSFO prices at the top ports were mixed in direction. At Singapore prices rose by $6/mt to $667/mt, at Rotterdam they were little changed at $609/mt, at Fujairah they advanced by $6.50/mt to $658/mt, and at Houston they sank by $8.50/mt to $615/mt.
On Friday morning Brent crude futures were trading down by $0.52/bl at $89.41/bl as of 7:25 AM in London. In metric tonne terms that would be equivalent to a $3.92/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 602.50 | 13.50 | 676.00 | 10.00 |
| Rotterdam | 540.50 | 6.50 | 665.50 | 18.00 |
| Houston | 552.50 | 21.50 | 685.50 | 25.00 |
| Fujairah | 592.50 | 17.50 | 783.00 | 10.00 |
| Global 20 Ports Average | 615.00 | 12.00 | 757.00 | 15.00 |
| Global 4 Ports Average | 572.00 | 14.50 | 702.50 | 16.00 |
| Global Average Bunker Price | 653.00 | 9.50 | 824.50 | 9.50 |
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