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 | 647.50 | 1.00 | 770.00 | 3.50 |
| Rotterdam | 601.50 | 2.50 | 754.00 | 2.00 |
| Houston | 619.00 | 11.50 | 795.50 | 3.00 |
| Fujairah | 651.50 | 1.00 | 895.00 | 2.00 |
| Global 20 Ports Average | 664.00 | 1.50 | 856.50 | 2.00 |
| Global 4 Ports Average | 630.00 | 3.00 | 803.50 | 2.50 |
| Global Average Bunker Price | 718.00 | 0.50 | 914.50 | 0.50 |
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