World News
BUNKER PRICES: G20-VLSFO Index Advances
Bunker fuel prices rose at most ports on Thursday, with global average VLSFO prices advancing and paring some of Wednesday's losses.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $4/mt to $616.50/mt on Thursday, having reached the lowest level since October 3 the previous day.
The G20-HSFO Index slipped by $0.50/mt to $514.50/mt, while the G20-MGO Index advanced by $1.50/mt to $763/mt.
ICE Brent crude futures rose by $2.82/bl to $79.40/bl on Thursday.
VLSFO prices at the top four ports followed a positive trend. At Singapore prices gained $3/mt to $610/mt, at Rotterdam they rose by $3/mt to $554.50/mt, at Fujairah they advanced by $3.50/mt to $600/mt, and at Houston they jumped by $6/mt to $553.50/mt.
On Friday morning Brent futures were trading down by $0.42/bl from the previous session's close at $78.98/bl as of 9:27 AM in London. In metric tonne terms that would be equivalent to a $3.16/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 569.50 | 6.50 | 680.00 | 10.50 |
| Rotterdam | 514.00 | 2.50 | 676.00 | 7.50 |
| Houston | 547.50 | 0.00 | 671.50 | 1.50 |
| Fujairah | 561.00 | 0.50 | 751.00 | 1.50 |
| Global 20 Ports Average | 586.00 | 0.00 | 759.00 | 0.00 |
| Global 4 Ports Average | 548.00 | 2.00 | 694.50 | 5.00 |
| Global Average Bunker Price | 633.50 | 1.00 | 798.50 | 0.50 |
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