World News
BUNKER PRICES: G20-VLSFO Index on Longest Winning Streak Since August
Bunker fuel prices advanced at most ports on Thursday, with global average VLSFO prices rising for a sixth consecutive session in their longest rising streak since August.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $3.50/mt to $637.50/mt on Thursday, remaining at the highest level since December 6. The G20-HSFO Index fell by $3/mt to $509/mt, while the G20-MGO Index jumped by $6/mt to $858/mt.
ICE Brent crude futures slipped by $0.31/bl to $79.39/bl on Thursday.
VLSFO prices at the top ports mostly followed a positive trend. At Singapore prices were little changed at $614/mt, at Rotterdam they gained $2/mt to $555.50/mt, at Fujairah they were little changed at $623.50/mt, and at Houston they advanced by $5.50/mt to $576/mt.
On Friday morning Brent crude futures were trading up by $0.51/bl at $79.90/bl as of 6:05 AM in London. In metric tonne terms that would be equivalent to a $3.84/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 611.00 | 1.50 | 730.00 | 7.00 |
| Rotterdam | 557.50 | 1.00 | 718.50 | 2.00 |
| Houston | 576.00 | 1.00 | 750.50 | 2.50 |
| Fujairah | 608.50 | 2.50 | 829.00 | 2.00 |
| Global 20 Ports Average | 624.50 | 2.50 | 817.50 | 3.00 |
| Global 4 Ports Average | 588.50 | 0.50 | 757.00 | 2.50 |
| Global Average Bunker Price | 678.50 | 3.50 | 883.50 | 2.00 |
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