World News
BUNKER PRICES: G20-VLSFO Index Advances for First in Four Sessions
Bunker fuel prices climbed at most ports on Friday, with global average VLSFO prices advancing for the first in four consecutive sessions.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $5.50/mt to $651/mt on Friday, in its first daily advance since August 21. The G20-HSFO Index slipped by $0.50/mt to $571/mt, while the G20-MGO Index advanced by $5.50/mt to $964/mt.
ICE Brent crude futures gained $1.12/bl to $84.48/bl on Friday.
VLSFO prices at the top ports mostly followed a positive trend. At Singapore prices rose by $7.50/mt to $636.50/mt, at Rotterdam they gained $9/mt to $601/mt, at Fujairah they advanced by $10.50/mt to $633/mt, and at Houston they dropped by $0.50/mt to $619.50/mt.
On Monday morning Brent crude futures were trading up by $0.22/bl at $84.70/bl as of 8:43 AM in London. In metric tonne terms that would be equivalent to a $1.67/mt rise 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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