World News
BUNKER PRICES: G20-VLSFO Index Advances for First Session in Five
Bunker fuel prices rallied at most ports on Friday, with global average VLSFO prices advancing for the first in five consecutive sessions.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $0.50/mt to $661/mt on Friday, in its first daily advance since November 3. The G20-HSFO Index rose by $3.50/mt to $515.50/mt, while the G20-MGO Index sank by $8.50/mt to $883.50/mt.
ICE Brent crude futures advanced by $1.42/bl to $81.43/bl on Friday.
VLSFO prices at the top ports were mixed in direction. At Singapore prices rose by $12.50/mt to $679/mt, at Rotterdam they lost $1.50/mt to $571/mt, at Fujairah they declined by $1/mt to $664.50/mt, and at Houston they rallied by $2/mt to $574/mt.
On Monday morning Brent crude futures were trading down by $0.75/bl at $80.68/bl as of 8:06 AM in London. In metric tonne terms that would be equivalent to a $5.65/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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