World News
PRICES: Global VLSFO Sees Biggest Weekly Gain in Three Months
Bunker fuel prices advanced for a fifth consecutive day at most ports on Friday, leaving global VLSFO with the biggest weekly gain in three months.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $12/mt to $659/mt on Friday, the highest level since December 6. Over last week as a whole the index advanced by $39.50/mt, the largest weekly gain since the week to October 7.
The G20-HSFO Index advanced by $0.50/mt to $447/mt on Friday, while the G20-MGO Index jumped by $17/mt to $1,022.50/mt.
ICE Brent crude futures gained $1.25/bl to $85.28/bl.
VLSFO prices at the top ports had a similar positive trend. At Singapore prices advanced by $21/mt to $630/mt, at Rotterdam they jumped by $6.50/mt to $571/mt, at Fujairah they rose by $12/mt to $627/mt and at Houston they climbed by $5/mt to $625/mt.
On Monday morning Brent futures were trading down by $0.81/bl at $84.47/bl as of 8:41 AM in London. In metric tonne terms that would amount to a $6.10/mt drop 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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