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 | 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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