World News
BUNKER PRICES: G20-VLSFO Index Rises for Third Day
Bunker fuel prices advanced for a third consecutive session at most ports on Thursday.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $8/mt to $682/mt on Thursday, taking it to the highest level since February 2. The G20-HSFO Index jumped by $4/mt to $453/mt, while the G20-MGO Index declined by $1/mt to $966.50/mt.
ICE Brent crude futures lost $0.59bl to $84.50/bl on Thursday.
VLSFO prices at the top ports mostly followed a positive trend. At Singapore prices rose by $6.50/mt to $669/mt, at Rotterdam they advanced by $3.50/mt to $597/mt, at Fujairah they climbed by $14.50/mt to $661/mt and at Houston they were unchanged at $630.50/mt.
On Friday morning Brent futures were trading up by $2.09/bl at $86.59/bl as of 10:00 AM in London. In metric tonne terms that would amount to a $15.74/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 624.50 | 3.00 | 727.00 | 6.50 |
| Rotterdam | 569.50 | 1.00 | 739.50 | 2.50 |
| Houston | 593.00 | 3.00 | 762.50 | 4.50 |
| Fujairah | 629.00 | 2.00 | 883.00 | 5.00 |
| Global 20 Ports Average | 639.50 | 0.50 | 820.00 | 1.50 |
| Global 4 Ports Average | 604.00 | 0.50 | 778.00 | 1.50 |
| Global Average Bunker Price | 691.50 | 2.00 | 881.50 | 0.50 |
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