World News
BUNKER PRICES: G20-VLSFO Index Jumps to Two-Week High
Bunker fuel prices advanced at most ports on Friday, with global average VLSFO prices climbing to the highest level in almost two weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $7/mt to $630/mt on Friday, reaching the highest level since January 8. The G20-HSFO Index rose by $1.50/mt to $492/mt, while the G20-MGO Index climbed by $2.50/mt to $850/mt.
ICE Brent crude futures slipped by $0.54/bl to $78.56/bl on Friday.
VLSFO prices at the top ports followed a positive trend. At Singapore prices rose by $7.50/mt to $616.50/mt, at Rotterdam they gained $2.50/mt to $549/mt, at Fujairah they advanced by $8.50/mt to $608/mt, and at Houston they jumped by $11/mt to $595/mt.
On Monday morning Brent crude futures were trading down by $0.33/bl at $78.23/bl as of 6:45 AM in London. In metric tonne terms that would be equivalent to a $2.48/mt fall 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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