World News
BUNKER PRICES: G20-VLSFO Index Jumps to Two-Week High
Bunker fuel prices advanced at most ports on Friday, with global average VLSFO prices rising to the highest level in almost two weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $9/mt to $598.50/mt on Friday, reaching the highest level since September 9.
The G20-HSFO Index rose by $2.50/mt to $488.50/mt, while the G20-MGO Index climbed by $6.50/mt to $739.50/mt.
ICE Brent crude futures slipped by $0.39/bl to $74.49/bl on Friday.
VLSFO prices at the top four ports followed a positive trend. At Singapore prices gained $6/mt to $597.50/mt, at Rotterdam they rose by $2/mt to $517/mt, at Fujairah they jumped by $7/mt to $583/mt, and at Houston they advanced by $7.50/mt to $522.50/mt.
On Monday morning Brent futures were trading up by $0.59/bl from the previous session's close at $75.08/bl as of 6:46 AM in London. In metric tonne terms that would be equivalent to a $4.44/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 597.50 | 6.00 | 632.00 | 2.00 |
| Rotterdam | 517.00 | 2.00 | 630.00 | 5.50 |
| Houston | 522.50 | 7.50 | 654.50 | 3.00 |
| Fujairah | 583.00 | 7.00 | 782.50 | 3.50 |
| Global 20 Ports Average | 598.50 | 9.00 | 739.50 | 6.50 |
| Global 4 Ports Average | 555.00 | 5.50 | 674.50 | 3.00 |
| Global Average Bunker Price | 641.00 | 6.00 | 810.50 | 4.00 |
Popular Now More
-
Sep 20The new Houston-based company launched this month. -
Sep 19The new intake is the largest since the company launched the scheme in 2018. -
Sep 18The new hire previously worked as an AML specialist for Svea Bank.