World News
BUNKER PRICES: G20-VLSFO Index Jumps to One-Week High
Bunker fuel prices rose at most ports on Friday, with global average VLSFO prices climbing to the highest level in a week.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $1.50/mt to $610.50/mt on Friday, reaching the highest level since August 2.
The G20-HSFO Index was little changed at $512/mt, while the G20-MGO Index climbed by $3.50/mt to $786.50/mt.
ICE Brent crude futures rose by $0.50/bl to $79.66/bl on Friday.
VLSFO prices at the top four ports mostly followed a positive trend. At Singapore prices gained $1/mt to $565/mt, at Rotterdam they rose by $10.50/mt to $546/mt, at Fujairah they advanced by $8.50/mt to $599/mt, and at Houston they slipped by $0.50/mt to $551/mt.
On Monday morning Brent futures were trading up by $0.45/bl from the previous session's close at $80.11/bl as of 8:08 AM in London. In metric tonne terms that would be equivalent to a $3.39/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 581.00 | 2.00 | 625.00 | 3.00 |
| Rotterdam | 506.00 | 2.50 | 616.00 | 3.50 |
| Houston | 500.50 | 2.50 | 634.50 | 4.00 |
| Fujairah | 574.00 | 3.00 | 774.50 | 1.50 |
| Global 20 Ports Average | 591.50 | 2.00 | 733.50 | 3.00 |
| Global 4 Ports Average | 540.00 | 0.50 | 662.50 | 0.50 |
| Global Average Bunker Price | 637.00 | 2.00 | 808.00 | 0.00 |
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