World News
BUNKER PRICES: G20-VLSFO Index Jumps to Eight-Week High
Bunker fuel prices advanced at most ports on Friday, with global average VLSFO prices climbing to the highest level in eight weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $7/mt to $654/mt on Friday, reaching the highest level since December 1. The G20-HSFO Index rose by $7/mt to $504/mt, while the G20-MGO Index climbed by $5.50/mt to $866/mt.
ICE Brent crude futures rose by $1.12/bl to $83.55/bl on Friday.
VLSFO prices at the top ports followed a positive trend. At Singapore prices rose by $24.50/mt to $655/mt, at Rotterdam they gained $15.50/mt to $581.50/mt, at Fujairah they advanced by $12/mt to $633/mt, and at Houston they jumped by $8/mt to $616.50/mt.
On Monday morning Brent crude futures were trading up by $0.32/bl at $83.87/bl as of 5:52 AM in London. In metric tonne terms that would be equivalent to a $2.41/mt rise 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 |
Popular Now More
-
Nov 21CCO Christoffer Berg Lassen is stepping down from the company to be replaced by Anders Grønborg, while Peder Møller becomes its first chief operating officer. -
Nov 20The ISO 6853:2024 specifications, the first of their kind, cover the general requirements and properties for methanol specifically being used as marine fuel. -
Nov 21CTI-Maritec reports on undeclared quantities of cashew nut shell liquid found in VLSFO samples from Rotterdam and Singapore.