World News
BUNKER PRICES: G20-VLSFO Index Advances for First in Six Sessions
Bunker fuel prices advanced at most ports on Friday, with global average VLSFO prices rising for the first in six consecutive sessions.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports climbed by $2.50/mt to $624.50/mt on Friday, having reached the lowest level since June 17 the previous day.
The G20-HSFO Index advanced by $0.50/mt to $525/mt, while the G20-MGO Index jumped by $3/mt to $817.50/mt.
ICE Brent crude futures dropped by $1.24/bl to $81.13/bl on Friday.
VLSFO prices at the top four ports were mixed in direction. At Singapore prices lost $1.50/mt to $611/mt, at Rotterdam they fell by $1/mt to $557.50/mt, at Fujairah they advanced by $2.50/mt to $608.50/mt, and at Houston they jumped by $1/mt to $576/mt.
On Monday morning Brent futures were trading up by $0.20/bl from the previous session's close at $81.33/bl as of 8:10 AM in London. In metric tonne terms that would be equivalent to a $1.51/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 569.50 | 0.00 | 680.00 | 0.00 |
| Rotterdam | 515.00 | 1.00 | 674.00 | 2.00 |
| Houston | 550.00 | 2.50 | 678.00 | 6.50 |
| Fujairah | 560.50 | 0.50 | 753.50 | 2.50 |
| Global 20 Ports Average | 586.00 | 0.00 | 761.00 | 2.00 |
| Global 4 Ports Average | 549.00 | 1.00 | 696.50 | 2.00 |
| Global Average Bunker Price | 634.50 | 1.00 | 800.50 | 2.00 |
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