World News
BUNKER PRICES: G20-VLSFO Index Advances for Fifth Session
Bunker fuel prices advanced at most ports on Friday, with global average VLSFO prices climbing for a fifth consecutive session..
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $6/mt to $687/mt on Friday, reaching the highest level since February 2. The G20-HSFO Index rose by $3.50/mt to $603.50/mt, while the G20-MGO Index jumped by $6/mt to $1,024/mt.
ICE Brent crude futures gained $0.23/bl to $93.93/bl on Friday.
VLSFO prices at the top ports followed a positive trend. At Singapore prices gained $5.50/mt to $676/mt, at Rotterdam they jumped by $8/mt to $643/mt, at Fujairah they advanced by $8/mt to $669/mt, and at Houston they rose by $2.50/mt to $670.50/mt.
On Monday morning Brent crude futures were trading up by $0.56/bl at $94.49/bl as of 9:03 AM in London. In metric tonne terms that would be equivalent to a $4.22/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 615.50 | 2.00 | 751.00 | 3.00 |
| Rotterdam | 561.00 | 2.00 | 771.00 | 3.00 |
| Houston | 591.50 | 3.50 | 766.00 | 1.50 |
| Fujairah | 611.50 | 1.50 | 860.50 | 0.50 |
| Global 20 Ports Average | 628.50 | 1.50 | 817.50 | 3.00 |
| Global 4 Ports Average | 595.00 | 2.50 | 787.00 | 1.50 |
| Global Average Bunker Price | 672.00 | 0.00 | 876.50 | 1.00 |
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