World News
BUNKER PRICES: G20-VLSFO Index Jumps to One-Week High
Bunker fuel prices jumped at most ports on Friday, with global average VLSFO prices rising to the highest level in almost a week.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $7.50/mt to $618.50/mt on Friday, reaching the highest level since December 11. The G20-HSFO Index rose by $4/mt to $502.50/mt, while the G20-MGO Index jumped by $13/mt to $849/mt.
ICE Brent crude futures slipped by $0.06/bl to $76.55/bl on Friday.
VLSFO prices at the top ports followed a positive trend. At Singapore prices rose by $14/mt to $595.50/mt, at Rotterdam they gained $10.50/mt to $547/mt, at Fujairah they jumped by $9/mt to $599.50/mt, and at Houston they advanced by $15/mt to $557/mt.
On Monday morning Brent crude futures were trading up by $0.81/bl at $77.26/bl as of 7:23 AM in London. In metric tonne terms that would be equivalent to a $6.01/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 611.00 | 1.50 | 730.00 | 7.00 |
| Rotterdam | 557.50 | 1.00 | 718.50 | 2.00 |
| Houston | 576.00 | 1.00 | 750.50 | 2.50 |
| Fujairah | 608.50 | 2.50 | 829.00 | 2.00 |
| Global 20 Ports Average | 624.50 | 2.50 | 817.50 | 3.00 |
| Global 4 Ports Average | 588.50 | 0.50 | 757.00 | 2.50 |
| Global Average Bunker Price | 678.50 | 3.50 | 883.50 | 2.00 |
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