World News
BUNKER PRICES: G20-VLSFO Index Advances for First in Four Sessions
Bunker fuel prices advanced at most ports on Thursday, with global average VLSFO prices rising for the first time this week.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $1/mt to $589.50/mt on Thursday, having reached the lowest level since September 12 the previous day.
The G20-HSFO Index rose by $3/mt to $486/mt, while the G20-MGO Index climbed by $3/mt to $733/mt.
ICE Brent crude futures advanced by $1.23/bl to $74.88/bl on Thursday.
VLSFO prices at the top four ports mostly followed a positive trend. At Singapore prices gained $10/mt to $591.50/mt, at Rotterdam they rose by $8/mt to $515/mt, at Fujairah they jumped by $4/mt to $576/mt, and at Houston they declined by $1/mt to $515/mt.
On Friday morning Brent futures were trading down by $0.07/bl from the previous session's close at $74.81/bl as of 7:41 AM in London. In metric tonne terms that would be equivalent to a $0.53/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 591.50 | 10.00 | 630.00 | 7.00 |
| Rotterdam | 515.00 | 8.00 | 624.50 | 11.00 |
| Houston | 515.00 | 1.00 | 651.50 | 3.00 |
| Fujairah | 576.00 | 4.00 | 779.00 | 2.50 |
| Global 20 Ports Average | 589.50 | 1.00 | 733.00 | 3.00 |
| Global 4 Ports Average | 549.50 | 5.50 | 671.50 | 6.00 |
| Global Average Bunker Price | 635.00 | 1.50 | 806.50 | 4.50 |
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