World News
BUNKER PRICES: G20-VLSFO Index Jumps to Four-Month High
Bunker prices mostly advanced at ports around the world on Friday, with global average VLSFO prices rising to their highest level in four months.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports rose by $1/mt to $589/mt on Friday, reaching its highest level since February 24.
The G20-HSFO Index was little changed at $509/mt, while the G20-MGO Index climbed by $14.50/mt to $818/mt.
ICE Brent crude futures dropped by $1.84/bl to $77.01/bl on Friday.
VLSFO prices at the top four ports were mixed in direction. At Singapore prices rose by $1.50/mt to $570.50/mt, at Rotterdam they advanced by $1/mt to $527.50/mt, at Fujairah they slipped by $0.50/mt to $559/mt, and at Houston they sank by $6/mt to $555/mt.
On Monday morning Brent crude futures were trading up by $1.10/bl from the previous session's close at $78.11/bl as of 5:59 AM in London. In metric tonne terms that would be equivalent to an $8.28/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 570.50 | 1.50 | 729.00 | 9.50 |
| Rotterdam | 527.50 | 1.00 | 742.00 | 14.00 |
| Houston | 555.00 | 6.00 | 767.00 | 9.50 |
| Fujairah | 559.00 | 0.50 | 787.00 | 3.50 |
| Global 20 Ports Average | 589.00 | 1.00 | 818.00 | 14.50 |
| Global 4 Ports Average | 553.00 | 1.00 | 756.00 | 9.00 |
| Global Average Bunker Price | 616.50 | 1.00 | 838.50 | 7.50 |
Popular Now More
-
Jun 23The count has been steadily dropping over the past decade as the Maritime and Port Authority of Singapore tightened requirements for its bunker suppliers. -
Jun 20HRH Prince Abdulaziz Al Saud bin Turki has launched a new marine fuel trading firm, Eleven Energy, with offices in Saudi Arabia and Rotterdam, a company representative tells Ship & Bunker -
Jun 17Two crude tankers collided off the coast of Khor Fakkan early Tuesday, with reports indicating a fire broke out following the incident.