World News
BUNKER PRICES: G20-VLSFO Index Jumps to Two-Week High
Bunker fuel prices climbed at most ports on Friday, with global average VLSFO prices advancing to the highest level in almost two weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $3/mt to $589/mt on Friday, reaching the highest level since November 11.
The G20-HSFO Index advanced by $4.50/mt to $492/mt, while the G20-MGO Index rose by $3.50/mt to $764.50/mt.
ICE Brent crude futures gained $0.94/bl to $75.17/bl on Friday.
VLSFO prices at the top four ports followed a positive trend. At Singapore prices gained $1.50/mt to $571/mt, at Rotterdam they advanced by $1.50/mt to $516.50/mt, at Fujairah they jumped by $4.50/mt to $565/mt, and at Houston they climbed by $6/mt to $556/mt.
On Monday morning Brent futures were trading down by $0.54/bl from the previous session's close at $74.63/bl as of 6:30 AM in London. In metric tonne terms that would be equivalent to a $4.07/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 553.50 | 0.00 | 673.00 | 0.00 |
| Rotterdam | 514.50 | 0.00 | 651.00 | 0.00 |
| Houston | 545.00 | 0.00 | 671.00 | 0.00 |
| Fujairah | 543.00 | 0.00 | 747.00 | 0.00 |
| Global 20 Ports Average | 574.00 | 0.00 | 748.00 | 0.00 |
| Global 4 Ports Average | 539.00 | 0.00 | 685.50 | 0.00 |
| Global Average Bunker Price | 627.00 | 0.50 | 799.50 | 1.00 |
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