World News
BUNKER PRICES: G20-VLSFO Index Jumps to Three-Week High
Bunker fuel prices advanced at most ports on Friday, with global average VLSFO prices jumping to the highest level in almost three weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $7.50/mt to $662/mt on Friday, reaching the highest level since August 14. The G20-HSFO Index advanced by $4/mt to $577/mt, while the G20-MGO Index rose by $2.50/mt to $971.50/mt.
ICE Brent crude futures gained $1.72/bl to $88.55/bl on Friday.
VLSFO prices at the top ports followed a positive trend. At Singapore prices rose by $4.50/mt to $641.50/mt, at Rotterdam they gained $10/mt to $609.50/mt, at Fujairah they advanced by $5/mt to $636.50/mt, and at Houston they climbed by $3/mt to $647/mt.
On Monday morning Brent crude futures were trading down by $0.14/bl at $88.41/bl as of 9:56 AM in London. In metric tonne terms that would be equivalent to a $1.05/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 571.00 | 1.50 | 685.50 | 5.50 |
| Rotterdam | 516.50 | 1.50 | 677.50 | 3.50 |
| Houston | 556.00 | 6.00 | 679.00 | 1.00 |
| Fujairah | 565.00 | 4.50 | 755.00 | 1.50 |
| Global 20 Ports Average | 589.00 | 3.00 | 764.50 | 3.50 |
| Global 4 Ports Average | 552.00 | 3.00 | 699.00 | 2.50 |
| Global Average Bunker Price | 635.50 | 1.00 | 811.50 | 11.00 |
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