World News
BUNKER PRICES: G20-VLSFO Index Advances for First in Six Sessions
Bunker fuel prices rallied at most ports on Friday, with global average VLSFO prices climbing for the first in six consecutive sessions.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports rose by $1.50/mt to $654.50/mt on Friday, in its first daily gain since August 10. The G20-HSFO Index climbed by $0.50/mt to $583/mt, while the G20-MGO Index advanced by $4/mt to $953/mt.
ICE Brent crude futures gained $0.68/bl to $84.80/bl on Friday.
VLSFO prices at the top ports followed a positive trend. At Singapore prices rose by $1.50/mt to $641.50/mt, at Rotterdam they gained $4/mt to $604.50/mt, at Fujairah they advanced by $5.50/mt to $638/mt, and at Houston they climbed by $2/mt to $627.50/mt.
On Monday morning Brent crude futures were trading up by $0.48/bl at $85.28/bl as of 9:37 AM in London. In metric tonne terms that would be equivalent to a $3.61/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 556.50 | 9.00 | 685.00 | 6.50 |
| Rotterdam | 506.00 | 6.00 | 665.00 | 11.00 |
| Houston | 552.50 | 0.50 | 682.00 | 4.00 |
| Fujairah | 548.00 | 7.50 | 750.00 | 3.00 |
| Global 20 Ports Average | 583.50 | 4.00 | 762.50 | 2.50 |
| Global 4 Ports Average | 546.50 | 4.50 | 697.50 | 2.50 |
| Global Average Bunker Price | 632.50 | 2.00 | 811.00 | 1.50 |
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