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 | 647.50 | 1.00 | 770.00 | 3.50 |
| Rotterdam | 601.50 | 2.50 | 754.00 | 2.00 |
| Houston | 619.00 | 11.50 | 795.50 | 3.00 |
| Fujairah | 651.50 | 1.00 | 895.00 | 2.00 |
| Global 20 Ports Average | 664.00 | 1.50 | 856.50 | 2.00 |
| Global 4 Ports Average | 630.00 | 3.00 | 803.50 | 2.50 |
| Global Average Bunker Price | 718.00 | 0.50 | 914.50 | 0.50 |
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