World News
BUNKER PRICES: G20-VLSFO Index Advances to One-Week High
Bunker fuel prices advanced at most ports on Friday, with average global VLSFO prices rising to the highest level in almost a week.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports rose by $2/mt to $596/mt on Friday, reaching the highest level since June 26. The G20-HSFO Index climbed by $4.50/mt to $491/mt, while the G20-MGO Index advanced by $2/mt to $773/mt.
ICE Brent crude futures gained $0.90/bl to $75.41/bl on Friday.
VLSFO prices at the top ports mostly had a positive trend. At Singapore prices rose by $7/mt to $594/mt, at Rotterdam they climbed by $0.50/mt to $537.50/mt, at Fujairah they jumped by $2.50/mt to $579/mt, and at Houston they slipped by $2/mt to $520.50/mt.
On Friday morning Brent crude futures were trading up by $0.10/bl at $75.51/bl as of 9:51 AM in London. In metric tonne terms that would be equivalent to a $0.75/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 602.50 | 13.50 | 676.00 | 10.00 |
| Rotterdam | 540.50 | 6.50 | 665.50 | 18.00 |
| Houston | 552.50 | 21.50 | 685.50 | 25.00 |
| Fujairah | 592.50 | 17.50 | 783.00 | 10.00 |
| Global 20 Ports Average | 615.00 | 12.00 | 757.00 | 15.00 |
| Global 4 Ports Average | 572.00 | 14.50 | 702.50 | 16.00 |
| Global Average Bunker Price | 653.00 | 9.50 | 824.50 | 9.50 |
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