World News
BUNKER PRICES: G20-VLSFO Index Advances to Five-Month High
Bunker fuel prices advanced at most ports on Friday, with global average VLSFO prices climbing to the highest level in almost five months.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $0.50/mt to $674.50/mt on Friday, reaching the highest level since November 21. The G20-HSFO Index rose by $1.50/mt to $543/mt, while the G20-MGO climbed by $7.50/mt to $901/mt.
ICE Brent crude futures gained $0.52/bl to $91.17/bl on Friday.
VLSFO prices at the top ports were mixed in direction. At Singapore prices advanced by $3.50/mt to $653/mt, at Rotterdam they gained $2/mt to $616/mt, at Fujairah they were little changed at $651.50/mt, and at Houston they slipped by $3/mt to $657/mt.
On Monday morning Brent futures were trading down by $1.62/bl from the previous session's close at $89.55/bl as of 6:54 AM in London. In metric tonne terms that would be equivalent to a $12.20/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 649.00 | 0.50 | 775.00 | 3.50 |
| Rotterdam | 603.50 | 1.50 | 759.50 | 11.50 |
| Houston | 626.50 | 2.50 | 794.00 | 2.00 |
| Fujairah | 649.00 | 0.50 | 904.50 | 6.50 |
| Global 20 Ports Average | 664.00 | 2.00 | 855.00 | 0.00 |
| Global 4 Ports Average | 632.00 | 1.00 | 808.00 | 4.00 |
| Global Average Bunker Price | 716.50 | 1.00 | 901.00 | 12.50 |
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