World News
BUNKER PRICES: G20-VLSFO Index Advances to Two-Week High
Bunker fuel prices advanced at most ports on Thursday, with global average VLSFO prices rising to the highest level in two weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $1/mt to $616.50/mt on Thursday, reaching the highest level since May 31. The G20-HSFO Index jumped by $0.50/mt to $533/mt, while the G20-MGO Index advanced by $6.50/mt to $801/mt.
ICE Brent crude futures jumped by $0.15/bl to $82.75/bl on Thursday.
VLSFO prices at the top ports followed a positive trend. At Singapore prices gained $3/mt to $598/mt, at Rotterdam they climbed by $3.50/mt to $551/mt, at Fujairah they advanced by $1.50/mt to $599.50/mt, and at Houston they rose by $2.50/mt to $575/mt.
On Friday morning Brent futures were trading down by $0.35/bl from the previous session's close at $82.40/bl as of 8:17 AM in London. In metric tonne terms that would be equivalent to a $2.64/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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