World News
BUNKER PRICES: G20-VLSFO Index Advances to Two-Week High
Bunker fuel prices advanced at most ports on Thursday, with global average VLSFO prices climbing to the highest level in more than two weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $0.50/mt to $661/mt on Thursday, reaching the highest level since January 31. The G20-HSFO Index slipped by $0.50/mt to $507/mt, while the G20-MGO Index dropped by $9/mt to $887/mt.
ICE Brent crude futures jumped by $1.26/bl to $82.86/bl on Thursday.
VLSFO prices at the top ports mostly followed a negative trend. At Singapore prices fell by $11/mt to $642/mt, at Rotterdam they lost $8.50/mt to $573/mt, at Fujairah they declined by $9/mt to $619.50/mt, and at Houston they rose by $1.50/mt to $635.50/mt.
On Friday morning Brent futures were trading down by $0.15/bl from the previous session's close at $82.71/bl as of 7:13 AM in London. In metric tonne terms that would be equivalent to a $1.13/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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