World News
BUNKER PRICES: G20-VLSFO Index Jumps to One-Week High
Bunker fuel prices advanced at ports around the world on Thursday, with global average VLSFO prices rising to the highest level in a week.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports rose by $1/mt to $553/mt on Thursday, reaching its highest level since March 6.
The G20-HSFO Index slipped by $0.50/mt to $493/mt, while the G20-MGO Index jumped by $6.50/mt to $744/mt.
ICE Brent crude futures declined by $1.07/bl to $69.88/bl on Thursday.
VLSFO prices at the top four ports were mixed in direction. At Singapore prices climbed by $3/mt to $514.50/mt, at Rotterdam they lost $5/mt to $495/mt, at Fujairah they advanced by $5.50/mt to $512.50/mt, and at Houston they were little changed at $522/mt.
On Friday morning Brent futures were trading up by $0.65/bl from the previous session's close at $70.53/bl as of 9:28 AM in London. In metric tonne terms that would be equivalent to a $4.89/mt rise on the day in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 514.00 | 3.00 | 643.50 | 0.50 |
| Rotterdam | 495.00 | 5.00 | 629.00 | 2.50 |
| Houston | 522.00 | 0.00 | 667.00 | 4.50 |
| Fujairah | 512.50 | 5.50 | 740.50 | 2.50 |
| Global 20 Ports Average | 553.00 | 1.00 | 744.00 | 6.50 |
| Global 4 Ports Average | 511.00 | 1.00 | 670.00 | 1.50 |
| Global Average Bunker Price | 599.00 | 1.00 | 787.50 | 0.50 |
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