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 | 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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