World News
BUNKER PRICES: G20-VLSFO Index Holds Steady Despite Rise in Crude
Bunker prices were mixed in direction at ports around the world on Friday, with global average VLSFO prices holding steady overall despite a rise in crude futures.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports was little changed at $492.50/mt on Friday, having reached its lowest level since October 31 the previous day.
The G20-HSFO Index sank by $2.50/mt to $431/mt, while the G20-MGO Index jumped by $6.50/mt to $799/mt.
ICE Brent crude futures rose by $0.25/bl to $63.63/bl on Friday.
VLSFO prices at the top four ports mostly followed a positive trend. At Singapore prices fell by $2.50/mt to $465/mt, at Rotterdam they advanced by $2.50/mt to $435.50/mt, at Fujairah they climbed by $2.50/mt to $463.50/mt, and at Houston they jumped by $1.50mt to $438.50/mt.
On Monday morning Brent crude futures were trading up by $0.42/bl from the previous session's close at $64.05/bl as of 8:20 AM in London. In metric tonne terms that would be equivalent to a $3.16/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 465.00 | 2.50 | 751.00 | 16.50 |
| Rotterdam | 435.50 | 2.50 | 720.50 | 13.50 |
| Houston | 438.50 | 1.50 | 706.50 | 12.00 |
| Fujairah | 463.50 | 2.50 | 744.50 | 2.50 |
| Global 20 Ports Average | 492.50 | 0.00 | 799.00 | 6.50 |
| Global 4 Ports Average | 450.50 | 1.00 | 730.50 | 11.00 |
| Global Average Bunker Price | 536.00 | 2.00 | 830.00 | 4.00 |
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