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 | 571.00 | 1.50 | 685.50 | 5.50 |
| Rotterdam | 516.50 | 1.50 | 677.50 | 3.50 |
| Houston | 556.00 | 6.00 | 679.00 | 1.00 |
| Fujairah | 565.00 | 4.50 | 755.00 | 1.50 |
| Global 20 Ports Average | 589.00 | 3.00 | 764.50 | 3.50 |
| Global 4 Ports Average | 552.00 | 3.00 | 699.00 | 2.50 |
| Global Average Bunker Price | 635.50 | 1.00 | 811.50 | 11.00 |
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