World News
BUNKER PRICES: G20-VLSFO Index Holds Steady as Oil Jumps
Bunker fuel prices were mixed in direction on Friday, with global average VLSFO prices holding steady overall despite a large jump in crude futures.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports was little changed at $671/mt on Friday, leaving its overall decline over last week at $17/mt. The G20-HSFO Index lost $1/mt to $542/mt, while the G20-MGO Index gained $2/mt to $946/mt.
ICE Brent crude futures jumped by $2.55/bl to $90.48/bl on Friday.
VLSFO prices at the top ports mostly followed a negative trend. At Singapore prices rose by $1/mt to $668/mt, at Rotterdam they lost $7.50/mt to $601.50/mt, at Fujairah they declined by $1.50/mt to $656.50/mt, and at Houston they sank by $3/mt to $612/mt.
On Monday morning Brent crude futures were trading down by $1.49/bl at $88.99/bl as of 7:50 AM in London. In metric tonne terms that would be equivalent to an $11.22/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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