World News
BUNKER PRICES: G20-VLSFO Index Jumps to Three-Week High
Bunker prices mostly advanced at ports around the world on Friday, with global average VLSFO prices climbing to their highest level in almost three weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports rose by $4/mt to $524.50/mt on Friday, reaching its highest level since September 8.
The G20-HSFO Index jumped by $5/mt to $458/mt, while the G20-MGO Index advanced by $9.50/mt to $782/mt.
ICE Brent crude futures rose by $0.71/bl to $70.13/bl on Friday.
VLSFO prices at the top four ports followed a positive trend. At Singapore prices rose by $5.50/mt to $497.50/mt, at Rotterdam they gained $7.50/mt to $461.50/mt, at Fujairah they jumped by $6.50/mt to $497.50/mt, and at Houston they advanced by $5.50/mt to $491.50/mt.
On Monday morning Brent crude futures were trading down by $0.33/bl from the previous session's close at $69.80/bl as of 4:08 AM in London. In metric tonne terms that would be equivalent to a $2.58/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 497.50 | 5.50 | 700.00 | 8.00 |
| Rotterdam | 461.50 | 7.50 | 694.00 | 5.50 |
| Houston | 490.50 | 5.50 | 717.50 | 25.50 |
| Fujairah | 497.50 | 6.50 | 743.50 | 5.50 |
| Global 20 Ports Average | 524.50 | 4.00 | 782.00 | 9.50 |
| Global 4 Ports Average | 486.50 | 6.00 | 713.50 | 11.00 |
| Global Average Bunker Price | 564.50 | 3.50 | 811.50 | 6.50 |
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