World News
BUNKER PRICES: G20-VLSFO Index Climbs for Eighth Session
Bunker fuel prices advanced at most ports on Friday, with global average VLSFO prices climbing for an eighth consecutive session.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $4/mt to $665/mt on Friday, remaining at the highest level since January 31. The G20-HSFO Index advanced by $1/mt to $508/mt, while the G20-MGO Index rose by $9.50/mt to $896.50/mt.
ICE Brent crude futures jumped by $0.61/bl to $83.47/bl on Friday.
VLSFO prices at the top ports followed a positive trend. At Singapore prices rose by $10.50/mt to $652.50/mt, at Rotterdam they gained $4.50/mt to $577.50/mt, at Fujairah they advanced by $14.50/mt to $634/mt, and at Houston they rose by $3/mt to $638.50/mt.
On Monday morning Brent futures were trading down by $0.55/bl from the previous session's close at $82.92/bl as of 8:28 AM in London. In metric tonne terms that would be equivalent to a $4.14/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 624.50 | 1.00 | 732.00 | 8.50 |
| Rotterdam | 571.00 | 3.00 | 758.00 | 16.50 |
| Houston | 591.50 | 4.00 | 760.00 | 5.50 |
| Fujairah | 629.00 | 0.50 | 877.50 | 3.00 |
| Global 20 Ports Average | 637.00 | 0.00 | 819.00 | 3.00 |
| Global 4 Ports Average | 604.00 | 0.00 | 782.00 | 5.50 |
| Global Average Bunker Price | 688.00 | 2.50 | 879.00 | 1.00 |
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