World News
BUNKER PRICES: G20-VLSFO Index Climbs to One-Week High
Bunker fuel prices advanced at most ports on Friday, with global average VLSFO prices climbing to the highest level in more than a week.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $6.50/mt to $657/mt on Friday, reaching the highest level since February 1. The G20-HSFO Index rose by $4/mt to $503/mt, while the G20-MGO Index advanced by $9/mt to $889/mt.
ICE Brent crude futures rose by $0.56/bl to $82.19/bl on Thursday.
VLSFO prices at the top ports followed a positive trend. At Singapore prices rose by $7.50/mt to $641/mt, at Rotterdam they gained $9.50/mt to $579/mt, at Fujairah they climbed by $8/mt to $625/mt, and at Houston they rallied by $12/mt to $644/mt.
On Monday morning Brent futures were trading down by $0.24/bl from the previous session's close at $81.95/bl as of 7:06 AM in London. In metric tonne terms that would be equivalent to a $1.81/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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