World News
BUNKER PRICES: G20-VLSFO Index Rises to Five-Week High
Bunker fuel prices advanced at most ports on Thursday, with global average VLSFO climbing to the highest level in more than five weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $0.50/mt to $582.50/mt on Thursday, reaching its highest level since November 26.
The G20-HSFO Index fell by $2/mt to $504/mt, while the G20-MGO Index climbed by $1/mt to $767.50/mt.
ICE Brent crude futures jumped by $1.29/bl from their December 31 close to $75.93/bl on Thursday.
VLSFO prices at the top four ports were mixed in direction. At Singapore prices lost $3/mt to $562/mt, at Rotterdam they advanced by $0.50/mt to $525/mt, at Fujairah they jumped by $2/mt to $556.50/mt, and at Houston they slipped by $1.50/mt to $561.50/mt.
On Friday morning Brent futures were trading down by $0.05/bl from the previous session's close at $75.88/bl as of 8:35 AM in London. In metric tonne terms that would be equivalent to a $0.38/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 565.00 | 3.00 | 703.00 | 8.50 |
| Rotterdam | 526.50 | 1.50 | 662.00 | 1.50 |
| Houston | 563.50 | 2.00 | 706.00 | 6.50 |
| Fujairah | 559.50 | 3.00 | 758.00 | 1.00 |
| Global 20 Ports Average | 587.00 | 4.50 | 770.50 | 3.00 |
| Global 4 Ports Average | 553.50 | 2.50 | 707.50 | 4.00 |
| Global Average Bunker Price | 627.50 | 5.50 | 812.00 | 1.00 |
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