World News
BUNKER PRICES: G20-VLSFO Index Jumps to Two-Week High
Bunker prices advanced at ports around the world on Friday, with global average VLSFO prices climbing to the highest level in almost two weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $6/mt to $529.50/mt on Friday, reaching its highest level since April 7.
The G20-HSFO Index jumped by $3.50/mt to $464/mt, while the G20-MGO Index advanced by $3/mt to $717/mt.
Trading in ICE Brent crude futures was closed on Friday for the Good Friday public holiday.
VLSFO prices at the top four ports mostly followed a positive trend. At Singapore prices gained $4.50/mt to $501.50/mt, at Rotterdam they rose by $12.50/mt to $465.50/mt, at Fujairah they advanced by $4.50/mt to $498.50/mt, and at Houston they slipped by $1.50/mt to $474/mt.
On Monday morning Brent futures were trading down by $0.92/bl from the April 17 close at $67.04/bl as of 7:24 AM in London. In metric tonne terms that would be equivalent to a $6.93/mt fall on the day in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 501.50 | 4.50 | 609.00 | 5.50 |
| Rotterdam | 465.50 | 12.50 | 613.00 | 2.00 |
| Houston | 474.00 | 1.50 | 637.50 | 8.00 |
| Fujairah | 498.50 | 4.50 | 725.50 | 9.00 |
| Global 20 Ports Average | 529.50 | 6.00 | 717.00 | 3.00 |
| Global 4 Ports Average | 485.00 | 5.00 | 646.00 | 2.00 |
| Global Average Bunker Price | 568.00 | 4.50 | 754.50 | 7.00 |
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