World News
BUNKER PRICES: G20-VLSFO Index Rises for Second Session
Bunker fuel prices rose at most ports on Thursday, with global VLSFO prices advancing for a second session.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $4.50/mt to $649.50/mt on Thursday, remaining at the highest level since February 21. The G20-HSFO Index rose by $6/mt to $469/mt, while the G20-MGO Index advanced by $5/mt to $937/mt.
ICE Brent crude futures gained $0.44/bl to $84.75/bl on Thursday.
VLSFO prices at the top ports followed a positive trend. At Singapore prices rose by $6.50/mt to $614/mt, at Rotterdam they advanced by $6/mt to $579/mt, at Fujairah they rallied by $2/mt to $610.50/mt and at Houston they jumped by $6.50/mt to $631/mt.
On Friday morning Brent futures were trading down by $0.39/bl at $84.36/bl as of 9:49 AM in London. In metric tonner terms that would amount to a $2.94/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 571.00 | 1.50 | 685.50 | 5.50 |
| Rotterdam | 516.50 | 1.50 | 677.50 | 3.50 |
| Houston | 556.00 | 6.00 | 679.00 | 1.00 |
| Fujairah | 565.00 | 4.50 | 755.00 | 1.50 |
| Global 20 Ports Average | 589.00 | 3.00 | 764.50 | 3.50 |
| Global 4 Ports Average | 552.00 | 3.00 | 699.00 | 2.50 |
| Global Average Bunker Price | 635.50 | 1.00 | 811.50 | 11.00 |
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