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 | 602.50 | 13.50 | 676.00 | 10.00 |
| Rotterdam | 540.50 | 6.50 | 665.50 | 18.00 |
| Houston | 552.50 | 21.50 | 685.50 | 25.00 |
| Fujairah | 592.50 | 17.50 | 783.00 | 10.00 |
| Global 20 Ports Average | 615.00 | 12.00 | 757.00 | 15.00 |
| Global 4 Ports Average | 572.00 | 14.50 | 702.50 | 16.00 |
| Global Average Bunker Price | 653.00 | 9.50 | 824.50 | 9.50 |
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