World News
BUNKER PRICES: G20-VLSFO Index Rises for Fourth Day
Bunker fuel prices climbed at most ports on Thursday, with global average VLSFO prices advancing for a fourth day to the highest level in almost three weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $0.50/mt to $627/mt on Thursday, reaching the highest level since May 30.
The G20-HSFO Index rose by $1/mt to $542/mt, while the G20-MGO Index advanced by $5.50/mt to $814.50/mt.
ICE Brent crude futures climbed by $0.64/bl to $85.71/bl on Thursday.
VLSFO prices at the top ports mostly followed a negative trend. At Singapore prices gained $2/mt to $613.50/mt, at Rotterdam they fell by $3.50/mt to $559/mt, at Fujairah they declined by $0.50/mt to $610/mt, and at Houston they slipped by $1.50/mt to $588/mt.
On Friday morning Brent futures were trading down by $0.05/bl from the previous session's close at $85.66/bl as of 6:47 AM in London. In metric tonne terms that would be equivalent to a $0.38/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 627.50 | 5.50 | 765.00 | 12.50 |
| Rotterdam | 573.00 | 3.00 | 768.00 | 3.00 |
| Houston | 606.00 | 4.00 | 776.50 | 2.50 |
| Fujairah | 626.00 | 2.50 | 859.00 | 4.00 |
| Global 20 Ports Average | 637.50 | 2.00 | 844.50 | 1.50 |
| Global 4 Ports Average | 608.00 | 3.50 | 792.00 | 5.50 |
| Global Average Bunker Price | 675.50 | 1.00 | 901.00 | 1.50 |
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