World News
PRICES: Global VLSFO Average Jumps by Most in Three Months
Bunker fuel prices advanced for a fourth consecutive day at most ports on Thursday.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $16/mt to $647/mt, the sharpest daily rise since October 10. The G20-HSFO Index advanced by $10/mt to $446.50/mt, while the G20-MGO Index jumped by $14.50/mt to $1,005.50/mt.
ICE Brent crude futures gained $1.36/bl to $84.03/bl.
VLSFO prices at the top ports had a similar positive trend. At Singapore prices advanced by $18/mt to $609/mt, at Rotterdam they jumped by $22.50/mt to $564.50/mt, at Fujairah they rose by $21/mt to $615/mt and at Houston they climbed by $35/mt to $620/mt.
On Friday morning Brent futures were trading up by $0.36/bl at $84.39/bl as of 8:59 AM in London. In metric tonne terms that would amount to a $2.71/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 |
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