World News
BUNKER PRICES: G20-VLSFO Index Rises for First Day in Three
Bunker fuel prices rallied at most ports on Friday, with average global VLSFO prices advancing for the first in three sessions.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports rose by $2/mt to $574/mt on Friday, paring its weekly loss to $26/mt. The G20-HSFO Index lost $0.50/mt to $476.50/mt, while the G20-MGO Index rose by $2/mt to $767.50/mt.
ICE Brent crude futures gained $2.80/bl to $75.30/bl on Friday.
VLSFO prices at the top ports had a mixed trend. At Singapore prices declined by $2/mt to $561.50/mt, at Rotterdam they jumped by $10.50/mt to $528/mt, at Fujairah they were little changed at $555/mt, and at Houston they rose by $4/mt to $523/mt.
On Monday morning Brent crude futures were trading up by $0.53/bl at $75.83/bl as of 7:41 AM in London. In metric tonne terms that would be equivalent to a $3.99/mt rise 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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