World News
BUNKER PRICES: G20-VLSFO Index Advances for First in Three Sessions
Bunker fuel prices rallied at most ports on Friday, with global average VLSFO prices advancing for the first in three consecutive sessions.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $3/mt to $629/mt on Friday, in its first daily advance since August 27.
The G20-HSFO Index rose by $2/mt to $500.50/mt, while the G20-MGO Index climbed by $1.50/mt to $773.50/mt.
ICE Brent crude futures sank by $1.89/bl to $76.93/bl on Friday.
VLSFO prices at the top four ports followed a positive trend. At Singapore prices gained $5/mt to $633.50/mt, at Rotterdam they rose by $1/mt to $559.50/mt, at Fujairah they jumped by $6/mt to $620/mt, and at Houston they rallied by $2.50/mt to $554.50/mt.
On Monday morning Brent futures were trading down by $0.53/bl from the previous session's close at $76.40/bl as of 6:21 AM in London. In metric tonne terms that would be equivalent to a $3.99/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 569.50 | 6.50 | 680.00 | 10.50 |
| Rotterdam | 514.00 | 2.50 | 676.00 | 7.50 |
| Houston | 547.50 | 0.00 | 671.50 | 1.50 |
| Fujairah | 561.00 | 0.50 | 751.00 | 1.50 |
| Global 20 Ports Average | 586.00 | 0.00 | 759.00 | 0.00 |
| Global 4 Ports Average | 548.00 | 2.00 | 694.50 | 5.00 |
| Global Average Bunker Price | 633.50 | 1.00 | 798.50 | 0.50 |
Popular Now More
-
Nov 21CCO Christoffer Berg Lassen is stepping down from the company to be replaced by Anders Grønborg, while Peder Møller becomes its first chief operating officer. -
Nov 20The ISO 6853:2024 specifications, the first of their kind, cover the general requirements and properties for methanol specifically being used as marine fuel. -
Nov 20The new hire had previously worked as a bunker and lubricant trader for sister company Glander International Bunkering in Dubai.