World News
BUNKER PRICES: G20-VLSFO Index Jumps to Five-Week High
Bunker fuel prices rose at most ports on Friday, with global average VLSFO prices advancing to the highest level in more than five weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $7.50/mt to $624/mt on Friday, reaching the highest level since October 3.
The G20-HSFO Index jumped by $4.50/mt to $519/mt, while the G20-MGO Index advanced by $3/mt to $766/mt.
ICE Brent crude futures slipped by $0.36/bl to $79.04/bl on Friday.
VLSFO prices at the top four ports followed a positive trend. At Singapore prices gained $10/mt to $620/mt, at Rotterdam they rose by $8.50/mt to $563/mt, at Fujairah they advanced by $4.50/mt to $604.50/mt, and at Houston they jumped by $12/mt to $565.50/mt.
On Monday morning Brent futures were trading down by $0.91/bl from the previous session's close at $78.13/bl as of 5:49 AM in London. In metric tonne terms that would be equivalent to a $6.85/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 548.00 | 0.50 | 677.50 | 2.00 |
| Rotterdam | 513.00 | 0.50 | 649.00 | 3.00 |
| Houston | 544.50 | 2.50 | 675.00 | 4.00 |
| Fujairah | 541.50 | 2.50 | 744.00 | 3.50 |
| Global 20 Ports Average | 572.00 | 2.50 | 758.00 | 2.50 |
| Global 4 Ports Average | 536.50 | 1.50 | 686.50 | 3.00 |
| Global Average Bunker Price | 624.00 | 2.50 | 801.00 | 3.50 |
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