World News
BUNKER PRICES: G20-VLSFO Index Jumps to Three-Month High
Bunker fuel prices mostly advanced at ports around the world on Thursday, with global average VLSFO prices jumping to the highest level in three months.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $8/mt to $616.50/mt on Thursday, reaching its highest level since October 14.
The G20-HSFO Index rose by $7/mt to $525/mt, while the G20-MGO Index advanced by $10.50/mt to $812/mt.
ICE Brent crude futures slipped by $0.74/bl to $81.29/bl on Thursday.
VLSFO prices at the top four ports followed a positive trend. At Singapore prices jumped by $9/mt to $606/mt, at Rotterdam they rose by $7/mt to $554/mt, at Fujairah they advanced by $8.50/mt to $595/mt, and at Houston they climbed by $5/mt to $603/mt.
On Friday morning Brent futures were trading up by $0.51/bl from the previous session's close at $81.80/bl as of 7:45 AM in London. In metric tonne terms that would be equivalent to a $3.84/mt rise on the day in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 606.00 | 9.00 | 748.00 | 15.00 |
| Rotterdam | 554.00 | 7.00 | 712.00 | 5.50 |
| Houston | 603.00 | 5.00 | 774.50 | 9.00 |
| Fujairah | 595.00 | 8.50 | 789.50 | 7.50 |
| Global 20 Ports Average | 616.50 | 8.00 | 812.00 | 10.50 |
| Global 4 Ports Average | 589.50 | 7.50 | 756.00 | 9.00 |
| Global Average Bunker Price | 654.00 | 4.50 | 847.50 | 8.00 |
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