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 | 620.00 | 10.00 | 696.00 | 8.00 |
| Rotterdam | 563.00 | 8.50 | 685.00 | 0.50 |
| Houston | 565.50 | 12.00 | 704.00 | 19.50 |
| Fujairah | 604.50 | 4.50 | 775.50 | 3.00 |
| Global 20 Ports Average | 624.00 | 7.50 | 766.00 | 3.00 |
| Global 4 Ports Average | 588.50 | 9.00 | 715.00 | 8.00 |
| Global Average Bunker Price | 660.00 | 5.50 | 835.00 | 3.00 |
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