World News
BUNKER PRICES: G20-VLSFO Index Rallies With Crude
Bunker prices mostly advanced at ports around the world on Friday, with global average VLSFO prices following crude futures higher.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $0.50/mt to $526.50/mt on Friday, having reached its lowest level since April 21 the previous day.
The G20-HSFO Index dropped by $0.50/mt to $461/mt, while the G20-MGO Index sank by $0.50/mt to $712/mt.
ICE Brent crude futures gained $0.32/bl to $66.87/bl on Friday.
VLSFO prices at the top four ports mostly followed a positive trend. At Singapore prices gained $2.50/mt to $504.50/mt, at Rotterdam they fell by $1.50/mt to $456/mt, at Fujairah they advanced by $2/mt to $496.50/mt, and at Houston they jumped by $7/mt to $476/mt.
On Monday morning Brent futures were trading up by $0.26/bl from the previous session's close at $67.13/bl as of 5:43 AM in London. In metric tonne terms that would be equivalent to a $1.96/mt rise on the day in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 504.50 | 2.50 | 620.00 | 3.00 |
| Rotterdam | 456.00 | 1.50 | 621.50 | 2.00 |
| Houston | 476.00 | 7.00 | 624.00 | 1.00 |
| Fujairah | 496.50 | 2.00 | 713.00 | 2.50 |
| Global 20 Ports Average | 526.50 | 0.50 | 712.00 | 0.50 |
| Global 4 Ports Average | 483.00 | 2.00 | 644.50 | 0.50 |
| Global Average Bunker Price | 570.50 | 1.50 | 751.00 | 1.00 |
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