World News
BUNKER PRICES: G20-VLSFO Index Holds Steady Despite Rise in Crude
Bunker prices were mixed in direction at ports around the world on Friday, with global average VLSFO prices holding steady overall at a two-week low despite a jump in crude futures.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports was little changed at $490/mt on Friday, having reached its lowest level since October 22 the previous day.
The G20-HSFO Index slipped by $3.50/mt to $419/mt, while the G20-MGO Index sank by $4.50/mt to $791.50/mt.
ICE Brent crude futures jumped by $1.38/bl to $64.39/bl on Friday.
VLSFO prices at the top four ports mostly followed a negative trend. At Singapore prices fell by $0.50/mt to $461/mt, at Rotterdam they declined by $0.50/mt to $433/mt, at Fujairah they climbed by $1/mt to $458/mt, and at Houston they sank by $7mt to $436/mt.
On Monday morning Brent crude futures were trading down by $0.57/bl from the previous session's close at $63.82/bl as of 5:47 AM in London. In metric tonne terms that would be equivalent to a $4.29/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 461.00 | 0.50 | 739.00 | 5.00 |
| Rotterdam | 433.00 | 0.50 | 723.50 | 2.00 |
| Houston | 436.00 | 7.00 | 703.00 | 1.50 |
| Fujairah | 458.00 | 1.00 | 740.50 | 3.00 |
| Global 20 Ports Average | 490.00 | 0.00 | 791.50 | 4.50 |
| Global 4 Ports Average | 447.00 | 2.00 | 726.50 | 0.50 |
| Global Average Bunker Price | 539.00 | 0.00 | 830.50 | 5.50 |
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