World News
BUNKER PRICES: G20-VLSFO Index Rises to Four-Day High
Bunker fuel prices advanced at most ports on Friday, with global average VLSFO prices rising to the highest level in almost a week.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports rose by $3/mt to $645.50/mt on Friday, reaching the highest level since May 6. The G20-HSFO Index advanced by $2.50/mt to $538.50/mt, while the G20-MGO Index jumped by $6/mt to $830.50/mt.
ICE Brent crude futures fell by $1.09/bl to $82.79/bl on Friday.
VLSFO prices at the top ports followed a positive trend. At Singapore prices rose by $5.50/mt to $635.50/mt, at Rotterdam they jumped by $11.50/mt to $580.50/mt, at Fujairah they advanced by $0.50/mt to $632.50/mt, and at Houston they climbed by $5.50/mt to $596/mt.
On Monday morning Brent futures were trading down by $0.33/bl from the previous session's close at $82.46/bl as of 6:41 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 | 581.50 | 5.50 | 623.00 | 1.50 |
| Rotterdam | 507.00 | 0.50 | 613.50 | 2.50 |
| Houston | 516.00 | 2.50 | 648.50 | 6.50 |
| Fujairah | 572.00 | 2.50 | 776.50 | 2.00 |
| Global 20 Ports Average | 588.50 | 2.00 | 730.00 | 1.50 |
| Global 4 Ports Average | 544.00 | 1.50 | 665.50 | 3.00 |
| Global Average Bunker Price | 633.50 | 1.50 | 802.00 | 0.50 |
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