World News
BUNKER PRICES: G20-VLSFO Index Rises for Fourth Session
Bunker fuel prices rose at most ports on Thursday, with average global VLSFO prices climbing for a fourth consecutive session.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports rose by $1/mt to $643/mt on Thursday, remaining at the highest level since March 8. The G20-HSFO Index rose by $1/mt to $528.50/mt, while the G20-MGO Index gained $5/mt to $886.50/mt.
ICE Brent crude futures lost $1.24/bl to $86.09/bl on Thursday.
VLSFO prices at the top ports mostly followed a positive trend. At Singapore prices rose by $4/mt to $625/mt, at Rotterdam they slipped by $2/mt to $594/mt, at Fujairah they advanced by $2/mt to $623/mt and at Houston they climbed by $6/mt to $619.50/mt.
On Friday morning Brent crude futures were trading down by $0.12/bl at $85.97/bl as of 9:45 AM in London. In metric tonne terms that would be equivalent to a $0.90/mt fall 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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