World News
BUNKER PRICES: G20-VLSFO Index Advances for Third Session
Bunker fuel prices advanced at most ports on Friday, with global average VLSFO prices climbing for a third consecutive session.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports rose by $1.50/mt to $666/mt on Friday, remaining at the highest level since March 5. The G20-HSFO Index rose by $0.50/mt to $519/mt, while the G20-MGO Index advanced by $6/mt to $881.50/mt.
ICE Brent crude futures slipped by $0.08/bl to $85.34/bl on Friday.
VLSFO prices at the top ports were mixed in direction. At Singapore prices gained $6.50/mt to $645/mt, at Rotterdam they advanced by $3/mt to $598.50/mt, at Fujairah they declined by $2/mt to $647/mt, and at Houston they fell by $1.50/mt to $645.50/mt.
On Monday morning Brent futures were up by $0.36/bl from the previous session's close at $85.70/bl as of 6:27 AM in London. In metric tonne terms that would equate to a $2.71/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 649.00 | 0.50 | 775.00 | 3.50 |
| Rotterdam | 603.50 | 1.50 | 759.50 | 11.50 |
| Houston | 626.50 | 2.50 | 794.00 | 2.00 |
| Fujairah | 649.00 | 0.50 | 904.50 | 6.50 |
| Global 20 Ports Average | 664.00 | 2.00 | 855.00 | 0.00 |
| Global 4 Ports Average | 632.00 | 1.00 | 808.00 | 4.00 |
| Global Average Bunker Price | 716.50 | 1.00 | 901.00 | 12.50 |
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