World News
BUNKER PRICES: G20-VLSFO Index Rises for Second Day
Bunker fuel prices advanced at most ports on Friday, with global average VLSFO climbing for a second consecutive session.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $4.50/mt to $587/mt on Friday, remaining at its highest level since November 26.
The G20-HSFO Index fell by $1.50/mt to $502.50/mt, while the G20-MGO Index climbed by $3/mt to $770.50/mt.
ICE Brent crude futures jumped by $0.58/bl to $76.51/bl on Friday.
VLSFO prices at the top four ports followed a positive trend. At Singapore prices gained $3/mt to $565/mt, at Rotterdam they advanced by $1.50/mt to $526.50/mt, at Fujairah they jumped by $3/mt to $559.50/mt, and at Houston they rallied by $2/mt to $563.50/mt.
On Monday morning Brent futures were trading down by $0.41/bl from the previous session's close at $76.10/bl as of 8:45 AM in London. In metric tonne terms that would be equivalent to a $3.09/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 570.00 | 5.00 | 702.00 | 1.00 |
| Rotterdam | 529.00 | 2.50 | 666.50 | 4.50 |
| Houston | 566.00 | 2.50 | 716.50 | 10.50 |
| Fujairah | 561.00 | 1.50 | 754.50 | 3.50 |
| Global 20 Ports Average | 587.50 | 0.50 | 776.00 | 5.50 |
| Global 4 Ports Average | 556.50 | 3.00 | 710.00 | 2.50 |
| Global Average Bunker Price | 629.00 | 1.50 | 815.00 | 3.00 |
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