World News
BUNKER PRICES: G20-VLSFO Index Advances to Two-Week High
Bunker prices mostly rose at ports around the world on Friday, with global average VLSFO prices climbing to their highest level in almost two weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports jumped by $5.50/mt to $498.50/mt on Friday, reaching its highest level since October 13.
The G20-HSFO Index rose by $8.50/mt to $446.50/mt, while the G20-MGO Index advanced by $11/mt to $766/mt.
ICE Brent crude futures slipped by $0.05/bl to $65.94/bl on Friday.
VLSFO prices at the top four ports mostly followed a positive trend. At Singapore prices rose by $6/mt to $461/mt, at Rotterdam they advanced by $6/mt to $441.50/mt, at Fujairah they jumped by $5.50/mt to $454.50/mt, and at Houston they fell by $3.50/mt to $464.50/mt.
On Monday morning Brent crude futures were trading up by $0.26/bl from the previous session's close at $66.20/bl as of 5:23 AM in London. In metric tonne terms that would be equivalent to a $1.96/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 460.00 | 1.00 | 721.00 | 3.50 |
| Rotterdam | 437.00 | 4.50 | 693.50 | 13.50 |
| Houston | 456.50 | 8.00 | 676.00 | 2.00 |
| Fujairah | 461.00 | 6.50 | 752.50 | 0.00 |
| Global 20 Ports Average | 499.00 | 0.50 | 773.50 | 7.50 |
| Global 4 Ports Average | 453.50 | 2.00 | 710.50 | 4.50 |
| Global Average Bunker Price | 540.50 | 1.50 | 807.00 | 9.00 |
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