World News
BUNKER PRICES: G20-VLSFO Index Advances to Three-Week High
Bunker fuel prices advanced at most ports on Friday, with global average VLSFO prices climbing to the highest level in three weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports rose by $1.50/mt to $602.50/mt on Friday, reaching the highest level since June 22. The G20-HSFO Index climbed by $2/mt to $520.50/mt, while the G20-MGO Index was little changed at $814/mt.
ICE Brent crude futures lost $1.49/bl to $79.87/bl on Friday.
VLSFO prices at the top ports had a mixed trend. At Singapore prices rose by $4.50/mt to $581.50/mt, at Rotterdam they jumped by $8/50/mt to $558.50/mt, at Fujairah they declined by $1.50/mt to $575.50/mt, and at Houston they dropped by $2/mt to $564/mt.
On Monday morning Brent crude futures were trading down by $1.21/bl at $78.66/bl as of 9:49 AM in London. In metric tonne terms that would be equivalent to a $9.11/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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