World News
BUNKER PRICES: G20-VLSFO Index Rises for First Session in Three
Bunker fuel prices rallied at most ports on Friday, with average global VLSFO prices advancing for the first in three sessions.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports rose by $2/mt to $600/mt on Friday, paring its weekly decline to $13/mt. The G20-HSFO Index lost $2/mt to $494.50/mt, while the G20-MGO Index dropped by $7/mt to $803.50/mt.
ICE Brent crude futures gained $2.11/bl to $80.33/bl on Friday.
VLSFO prices at the top ports had a positive trend. At Singapore prices advanced by $2.50/mt to $583/mt, at Rotterdam they rallied by $4.50/mt to $544/mt, at Fujairah they climbed by $0.50/mt to $574.50/mt and at Houston they rose by $1.50/mt to $558.50/mt.
On Monday morning Brent crude futures were trading down by $0.80/bl at $79.53/bl as of 8:26 AM in London. In metric tonne terms that would be equivalent to a $6.02/mt fall 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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