World News
BUNKER PRICES: G20-VLSFO Index Rallies at End of Week
Bunker fuel prices advanced at most ports on Friday, with global average VLSFO prices rallying despite a drop in crude futures.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $0.50/mt to $648.50/mt on Friday, having declined by $3/mtthe previous day.
The G20-HSFO Index jumped by $6.50/mt to $557.50/mt, while the G20-MGO Index rose by $2/mt to $855.50/mt.
ICE Brent crude futures dropped by $0.89/bl to $86.54/bl on Friday.
VLSFO prices at the top ports were mixed in direction. At Singapore prices gained $4.50/mt to $642.50/mt, at Rotterdam they fell by $3/mt to $586.50/mt, at Fujairah they advanced by $3/mt to $642/mt, and at Houston they slipped by $5/mt to $612/mt.
On Monday morning Brent futures were trading down by $0.39/bl from the previous session's close at $86.15/bl as of 7:25 AM in London. In metric tonne terms that would be equivalent to a $2.94/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 602.50 | 13.50 | 676.00 | 10.00 |
| Rotterdam | 540.50 | 6.50 | 665.50 | 18.00 |
| Houston | 552.50 | 21.50 | 685.50 | 25.00 |
| Fujairah | 592.50 | 17.50 | 783.00 | 10.00 |
| Global 20 Ports Average | 615.00 | 12.00 | 757.00 | 15.00 |
| Global 4 Ports Average | 572.00 | 14.50 | 702.50 | 16.00 |
| Global Average Bunker Price | 653.00 | 9.50 | 824.50 | 9.50 |
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