World News
BUNKER PRICES: G20-VLSFO Index Jumps to Seven-Month High
Bunker fuel prices advanced at most ports on Thursday, with global average VLSFO prices climbing to the highest level in almost seven months.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $6.50/mt to $668.50/mt on Thursday, reaching the highest level since February 16. The G20-HSFO Index gained $4/mt to $590/mt, while the G20-MGO Index was little changed at $980.50/mt.
ICE Brent crude futures lost $0.68/bl to $89.92/bl on Thursday.
VLSFO prices at the top ports followed a positive trend. At Singapore prices gained $10/mt to $655.50/mt, at Rotterdam they climbed by $4.50/mt to $613.50/mt, at Fujairah they advanced by $8.50/mt to $648/mt, and at Houston they jumped by $5/mt to $658/mt.
On Friday morning Brent crude futures were trading up by $0.14/bl at $90.06/bl as of 9:35 AM in London. In metric tonne terms that would be equivalent to a $1.05/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 |
Popular Now More
-
Oct 02The new hire was previously managing director of bunker trading firm Sing Fuels from March 2018 to this month. -
Oct 03The new hire was previously managing partner of Island Gulf Energy in Dubai from July 2016 to last month. -
Oct 02The new hire was previously a bunker trader for marine fuel trading firm Pacific Bunkers in Singapore from July 2012 to last month.