World News
BUNKER PRICES: G20-VLSFO Index Jumps to One-Week High
Bunker fuel prices advanced at most ports on Thursday, with global average VLSFO prices climbing to the highest level in a week.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $3.50/mt to $574.50/mt on Thursday, reaching the highest level since December 5.
The G20-HSFO Index jumped by $2.50/mt to $498/mt, while the G20-MGO Index rose by $4/mt to $750.50/mt.
ICE Brent crude futures fell by $0.11/bl to $73.41/bl on Thursday.
VLSFO prices at the top four ports followed a positive trend. At Singapore prices gained $9.50/mt to $548.50/mt, at Rotterdam they advanced by $3.50/mt to $504.50/mt, at Fujairah they rose by $6.50/mt to $542/mt, and at Houston they jumped by $4.50/mt to $548/mt.
On Friday morning Brent futures were trading up by $0.24/bl from the previous session's close at $73.65/bl as of 7:57 AM in London. In metric tonne terms that would be equivalent to a $1.81/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 548.50 | 9.50 | 675.00 | 10.50 |
| Rotterdam | 504.50 | 3.50 | 646.00 | 4.50 |
| Houston | 548.00 | 4.50 | 667.00 | 4.50 |
| Fujairah | 542.00 | 6.50 | 748.50 | 4.00 |
| Global 20 Ports Average | 574.50 | 3.50 | 750.50 | 4.00 |
| Global 4 Ports Average | 535.50 | 6.00 | 684.00 | 6.00 |
| Global Average Bunker Price | 623.50 | 2.00 | 805.00 | 3.50 |
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