World News
BUNKER PRICES: G20-VLSFO Index Advances to One-Week High
Bunker fuel prices rose at most ports on Thursday, with global average VLSFO prices climbing to the highest level in more than a week.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports rose by $4.50/mt to $667/mt on Thursday, reaching the highest level since October 4. The G20-HSFO Index lost $4.50/mt to $539.50/mt, while the G20-MGO Index advanced by $3.50/mt to $954/mt.
ICE Brent crude futures rose by $0.18/bl to $86/bl on Thursday.
VLSFO prices at the top ports were mixed in direction. At Singapore prices rose by $5/mt to $660/mt, at Rotterdam they were little changed at $602/mt, at Fujairah they advanced by $4.50/mt to $643.50/mt, and at Houston they dropped by $3/mt to $613.50/mt.
On Friday morning Brent crude futures were trading up by $0.87/bl at $86.87/bl as of 7:35 AM in London. In metric tonne terms that would be equivalent to a $6.55/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 571.00 | 1.50 | 685.50 | 5.50 |
| Rotterdam | 516.50 | 1.50 | 677.50 | 3.50 |
| Houston | 556.00 | 6.00 | 679.00 | 1.00 |
| Fujairah | 565.00 | 4.50 | 755.00 | 1.50 |
| Global 20 Ports Average | 589.00 | 3.00 | 764.50 | 3.50 |
| Global 4 Ports Average | 552.00 | 3.00 | 699.00 | 2.50 |
| Global Average Bunker Price | 635.50 | 1.00 | 811.50 | 11.00 |
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