World News
BUNKER PRICES: G20-VLSFO Index Jumps to Six-Month High
Bunker fuel prices advanced at most ports on Thursday, with global average VLSFO prices climbing to the highest level in almost six months..
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports rose by $10.50/mt to $667.50/mt on Thursday, reaching the highest level since February 16. The G20-HSFO Index advanced by $7.50/mt to $592/mt, while the G20-MGO Index jumped by $18.50/mt to $955.50/mt.
ICE Brent crude futures lost $1.15/bl to $86.40/bl on Thursday.
VLSFO prices at the top ports had a positive trend. At Singapore prices rose by $23/mt to $663/mt, at Rotterdam they gained $9/mt to $627/mt, at Fujairah they advanced by $11/mt to $651/mt, and at Houston they jumped by $12/mt to $637.50/mt.
On Friday morning Brent crude futures were trading up by $0.12/bl at $86.52/bl as of 9:25 AM in London. In metric tonne terms that would be equivalent to a $0.90/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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