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 | 574.00 | 7.00 | 625.00 | 3.00 |
| Rotterdam | 502.00 | 4.00 | 616.00 | 3.50 |
| Houston | 503.50 | 3.00 | 634.50 | 4.00 |
| Fujairah | 568.00 | 6.00 | 774.50 | 1.50 |
| Global 20 Ports Average | 591.50 | 2.00 | 733.50 | 3.00 |
| Global 4 Ports Average | 540.00 | 0.50 | 662.50 | 0.50 |
| Global Average Bunker Price | 637.00 | 2.00 | 808.00 | 0.00 |
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