World News
BUNKER PRICES: G20-VLSFO Index Slips for First Session in Three
Bunker fuel prices declined at most ports on Friday, with global average VLSFO prices slipping for the first in three consecutive sessions.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $1.50/mt to $667/mt on Friday, having reached the highest level since February 16 the previous day. The G20-HSFO Index gained $2.50/mt to $592.50/mt, while the G20-MGO Index rose by $4.50/mt to $985/mt.
ICE Brent crude futures gained $0.73/bl to $90.65/bl on Friday.
VLSFO prices at the top ports mostly followed a positive trend. At Singapore prices were little changed at $655.50/mt, at Rotterdam they climbed by $4/mt to $617.50/mt, at Fujairah they were little changed at $648/mt, and at Houston they jumped by $1/mt to $659/mt.
On Monday morning Brent crude futures were trading up by $0.07/bl at $90.72/bl as of 8:51 AM in London. In metric tonne terms that would be equivalent to a $0.53/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 602.50 | 13.50 | 676.00 | 10.00 |
| Rotterdam | 540.50 | 6.50 | 665.50 | 18.00 |
| Houston | 552.50 | 21.50 | 685.50 | 25.00 |
| Fujairah | 592.50 | 17.50 | 783.00 | 10.00 |
| Global 20 Ports Average | 615.00 | 12.00 | 757.00 | 15.00 |
| Global 4 Ports Average | 572.00 | 14.50 | 702.50 | 16.00 |
| Global Average Bunker Price | 653.00 | 9.50 | 824.50 | 9.50 |
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