World News
BUNKER PRICES: G20-VLSFO Index Advances for First Session in Three
Bunker fuel prices advanced at most ports on Thursday, with global average VLSFO prices rising for the first in three days.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $1/mt to $661.50/mt on Thursday, paring the previous session's $5/mt decline. The G20-HSFO Index advanced by $2.50/mt to $511.50/mt, while the G20-MGO Index fell by $4.50/mt to $882/mt.
ICE Brent crude futures rose by $0.64/bl to $83.67/bl on Thursday.
VLSFO prices at the top ports mostly followed a positive trend. At Singapore prices were little changed at $640.50/mt, at Rotterdam they gained $1.50/mt to $580/mt, at Fujairah they advanced by $9/mt to $633.50/mt, and at Houston they jumped by $3.50/mt to $639/mt.
On Friday morning Brent futures were trading down by $0.41/bl from the previous session's close at $83.26/bl as of 7:01 AM in London. In metric tonne terms that would be equivalent to a $3.09/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 624.50 | 1.00 | 732.00 | 8.50 |
| Rotterdam | 571.00 | 3.00 | 758.00 | 16.50 |
| Houston | 591.50 | 4.00 | 760.00 | 5.50 |
| Fujairah | 629.00 | 0.50 | 877.50 | 3.00 |
| Global 20 Ports Average | 637.00 | 0.00 | 819.00 | 3.00 |
| Global 4 Ports Average | 604.00 | 0.00 | 782.00 | 5.50 |
| Global Average Bunker Price | 688.00 | 2.50 | 879.00 | 1.00 |
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