World News
BUNKER PRICES: G20-VLSFO Index Jumps to One-Week High
Bunker prices mostly rose at ports around the world on Thursday, with global average VLSFO prices climbing to their highest level in more than a week.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports jumped by $8/mt to $493/mt on Thursday, reaching its highest level since October 14.
The G20-HSFO Index rose by $11/mt to $438/mt, while the G20-MGO Index advanced by $16.50/mt to $755/mt.
ICE Brent crude futures rose by $3.40/bl to $65.99/bl on Thursday.
VLSFO prices at the top four ports followed a positive trend. At Singapore prices rose by $8.50/mt to $455/mt, at Rotterdam they advanced by $16/mt to $435.50/mt, at Fujairah they jumped by $9/mt to $449/mt, and at Houston they climbed by $33.50/mt to $468/mt.
On Friday morning Brent crude futures were trading down by $0.26/bl from the previous session's close at $65.73/bl as of 7:31 AM in London. In metric tonne terms that would be equivalent to a $1.96/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 461.00 | 6.00 | 717.50 | 26.00 |
| Rotterdam | 441.50 | 6.00 | 680.00 | 17.50 |
| Houston | 464.50 | 3.50 | 674.00 | 4.00 |
| Fujairah | 454.50 | 5.50 | 752.50 | 7.00 |
| Global 20 Ports Average | 498.50 | 5.50 | 766.00 | 11.00 |
| Global 4 Ports Average | 455.50 | 3.50 | 706.00 | 13.50 |
| Global Average Bunker Price | 539.00 | 5.50 | 798.00 | 9.00 |
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