World News
BUNKER PRICES: G20-VLSFO Index Rises for First Session in Four
Bunker fuel prices climbed at most ports on Friday, with average global VLSFO prices advancing for the first in four consecutive sessions.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports rose by $9.50/mt to $583.50/mt on Friday, paring its weekly loss to $1.50/mt. The G20-HSFO Index advanced by $14/mt to $484.50/mt, while the G20-MGO Index jumped by $18.50/mt to $764/mt.
ICE Brent crude futures gained $1.85/bl to $76.13/bl on Friday.
VLSFO prices at the top ports had a positive trend. At Singapore prices rose by $3.50/mt to $561.50/mt, at Rotterdam they climbed by $12/mt to $534.50/mt, at Fujairah they advanced by $0.50/mt to $547.50/mt, and at Houston they gained $9/mt to $520/mt.
On Monday morning Brent crude futures were trading up by $1.95/bl at $78.08/bl as of 9:34 AM in London. In metric tonne terms that would be equivalent to a $14.68/mt rise 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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