World News
BUNKER PRICES: G20-VLSFO Index Advances for First Session in Four
Bunker fuel prices rallied at most ports on Thursday, with global average VLSFO prices climbing for the first in four consecutive sessions.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports rose by $1/mt to $637/mt on Thursday, having reached the lowest level since January 23 the previous day. The G20-HSFO Index advanced by $1/mt to $531/mt, while the G20-MGO Index climbed by $0.50/mt to $816/mt.
ICE Brent crude futures rose by $0.52/bl to $83.27/bl on Thursday.
VLSFO prices at the top ports followed a negative trend. At Singapore prices were little changed at $623.50/mt, at Rotterdam they rose by $2/mt to $568/mt, at Fujairah they advanced by $0.50/mt to $628.50/mt, and at Houston they jumped by $10.50/mt to $595.50/mt.
On Friday morning Brent futures were trading up by $0.25/bl from the previous session's close at $83.52/bl as of 6:08 AM in London. In metric tonne terms that would be equivalent to a $1.88/mt rise 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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