World News
BUNKER PRICES: G20-VLSFO Index Jumps to Two-Month High
Bunker fuel prices advanced at most ports on Friday, with average VLSFO prices ending the week at the highest level in almost two months.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $13/mt to $687.50/mt on Friday, the highest level since November 23. The G20-HSFO Index advanced by $4/mt to $466.50/mt, while the G20-MGO Index jumped by $18/mt to $1,051/mt.
ICE Brent crude futures gained $1.47bl to $87.63/bl on Friday.
VLSFO prices at the top ports had a similar positive trend. At Singapore prices advanced by $18/mt to $685/mt, at Rotterdam they rose by $16.50/mt to $596.50/mt, at Fujairah they jumped by $25/mt to $670/mt and at Houston they slipped by $1.50/mt to $633.50/mt.
On Monday morning Brent futures were trading down by $0.12/bl at $87.51/bl as of 8:44 AM in London. In metric tonne terms that would amount to a $0.90/mt decline 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 |
Popular Now More
-
Nov 21CCO Christoffer Berg Lassen is stepping down from the company to be replaced by Anders Grønborg, while Peder Møller becomes its first chief operating officer. -
Nov 20The ISO 6853:2024 specifications, the first of their kind, cover the general requirements and properties for methanol specifically being used as marine fuel. -
Nov 21CTI-Maritec reports on undeclared quantities of cashew nut shell liquid found in VLSFO samples from Rotterdam and Singapore.