World News
BUNKER PRICES: G20-VLSFO Index Advances to Five-Week High
Bunker fuel prices rose at most ports on Thursday, with average global VLSFO prices advancing to the highest level in more than five weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports rose by $3.50/mt to $598.50/mt on Thursday, reaching the highest level since May 2. The G20-HSFO Index rallied by $3.50/mt to $489.50/mt, while the G20-MGO Index advanced by $8/mt to $786.50/mt.
ICE Brent crude futures lost $0.99/bl to $75.96/bl on Thursday.
VLSFO prices at the top ports mostly had a positive trend. At Singapore prices jumped by $6/mt to $588.50/mt, at Rotterdam they slipped by $1.50/mt to $545/mt, at Fujairah they advanced by $0.50/mt to $567.50/mt, and at Houston they gained $13/mt to $547.50/mt.
On Friday morning Brent crude futures were trading down by $0.15/bl at $75.81/bl as of 9:02 AM in London. In metric tonne terms that would be equivalent to a $1.13/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 602.50 | 13.50 | 676.00 | 10.00 |
| Rotterdam | 540.50 | 6.50 | 665.50 | 18.00 |
| Houston | 552.50 | 21.50 | 685.50 | 25.00 |
| Fujairah | 592.50 | 17.50 | 783.00 | 10.00 |
| Global 20 Ports Average | 615.00 | 12.00 | 757.00 | 15.00 |
| Global 4 Ports Average | 572.00 | 14.50 | 702.50 | 16.00 |
| Global Average Bunker Price | 653.00 | 9.50 | 824.50 | 9.50 |
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