World News
BUNKER PRICES: G20-VLSFO Index Advances for Second Day
Bunker fuel prices advanced at most ports on Friday, with global average VLSFO prices rising for a second day.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $1.50/mt to $663/mt on Friday, reaching the highest level since February 20. The G20-HSFO Index declined by $1/mt to $510.50/mt, while the G20-MGO Index fell by $2/mt to $880/mt.
ICE Brent crude futures sank by $2.05/bl to $81.62/bl on Friday.
VLSFO prices at the top ports were mixed in direction. At Singapore prices gained $2/mt to $642.50/mt, at Rotterdam they gained $1/mt to $581/mt, at Fujairah they declined by $2.50/mt to $631/mt, and at Houston they dropped by $2.50/mt to $636.50/mt.
On Monday morning Brent futures were trading down by $0.14/bl from the previous session's close at $81.48/bl as of 7:16 AM in London. In metric tonne terms that would be equivalent to a $1.05/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 624.50 | 1.00 | 732.00 | 8.50 |
| Rotterdam | 571.00 | 3.00 | 758.00 | 16.50 |
| Houston | 591.50 | 4.00 | 760.00 | 5.50 |
| Fujairah | 629.00 | 0.50 | 877.50 | 3.00 |
| Global 20 Ports Average | 637.00 | 0.00 | 819.00 | 3.00 |
| Global 4 Ports Average | 604.00 | 0.00 | 782.00 | 5.50 |
| Global Average Bunker Price | 688.00 | 2.50 | 879.00 | 1.00 |
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