World News
BUNKER PRICES: G20-VLSFO Index Slips for First in Five Sessions
Bunker fuel prices declined at most ports on Friday, with global average VLSFO dropping for the first in five consecutive trading sessions.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $0.50/mt to $577/mt on Friday, having reached its highest level since December 16 the previous session.
The G20-HSFO Index fell by $2/mt to $504/mt, while the G20-MGO Index advanced by $2/mt to $751.50/mt.
ICE Brent crude futures jumped by $0.91/bl to $74.17/bl on Friday.
VLSFO prices at the top four ports were mixed in direction. At Singapore prices lost $5.50/mt to $555/mt, at Rotterdam they advanced by $4/mt to $516.50/mt, at Fujairah they fell by $1/mt to $548/mt, and at Houston they climbed by $8/mt to $556/mt.
On Monday morning Brent futures were trading down by $0.01/bl from the previous session's close at $74.16/bl as of 8:07 AM in London. In metric tonne terms that would be equivalent to a $0.08/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 593.00 | 1.00 | 715.50 | 0.50 |
| Rotterdam | 551.00 | 1.00 | 677.00 | 11.00 |
| Houston | 573.50 | 1.50 | 732.50 | 1.50 |
| Fujairah | 580.50 | 0.50 | 770.50 | 0.50 |
| Global 20 Ports Average | 611.00 | 2.00 | 780.50 | 7.00 |
| Global 4 Ports Average | 574.50 | 0.00 | 723.50 | 3.00 |
| Global Average Bunker Price | 651.00 | 2.50 | 831.50 | 4.50 |
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