World News
BUNKER PRICES: G20-VLSFO Index Rises for First Day in Five
Bunker fuel prices advanced at most ports on Thursday, with average global VLSFO prices rising for the first in five sessions.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports rose by $5.50/mt to $594/mt on Thursday, returning to Tuesday's level. The G20-HSFO Index climbed by $5.50/mt to $486.50/mt, while the G20-MGO Index advanced by $1.50/mt to $771/mt.
ICE Brent crude futures gained $0.31/bl to $74.34/bl on Thursday.
VLSFO prices at the top ports mostly had a positive trend. At Singapore prices rose by $2/mt to $587/mt, at Rotterdam they climbed by $8/mt to $537/mt, at Fujairah they jumped by $6/mt to $576.50/mt, and at Houston they slipped by $3/mt to $522.50/mt.
On Friday morning Brent crude futures were trading up by $1.66/bl at $75.00/bl as of 9:26 AM in London. In metric tonne terms that would be equivalent to a $12.50/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 626.00 | 1.50 | 741.00 | 9.00 |
| Rotterdam | 577.00 | 6.00 | 757.00 | 1.00 |
| Houston | 593.50 | 2.00 | 767.00 | 7.00 |
| Fujairah | 628.00 | 1.00 | 882.00 | 4.50 |
| Global 20 Ports Average | 638.00 | 1.00 | 826.50 | 7.50 |
| Global 4 Ports Average | 606.00 | 2.00 | 786.50 | 4.50 |
| Global Average Bunker Price | 689.00 | 1.00 | 880.00 | 1.00 |
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