World News
BUNKER PRICES: G20-VLSFO Index Jumps to Three-Week High
Bunker fuel prices rose at most ports on Thursday, with global average VLSFO prices advancing to the highest level in three weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports rose by $3/mt to $686/mt on Thursday, reaching the highest level since September 28. The G20-HSFO Index gained $1.50/mt to $562/mt, while the G20-MGO Index lost $11.50/mt to $958.50/mt.
ICE Brent crude futures rose by $0.88/bl to $92.38/bl on Thursday.
VLSFO prices at the top ports were mixed in direction. At Singapore prices fell by $3/mt to $680.50/mt, at Rotterdam they gained $3/mt to $622.50/mt, at Fujairah they declined by $3/mt to $668.50/mt, and at Houston they jumped by $1.50/mt to $634.50/mt.
On Friday morning Brent crude futures were trading up by $0.90/bl at $93.28/bl as of 7:14 AM in London. In metric tonne terms that would be equivalent to a $6.78/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 611.00 | 1.50 | 730.00 | 7.00 |
| Rotterdam | 557.50 | 1.00 | 718.50 | 2.00 |
| Houston | 576.00 | 1.00 | 750.50 | 2.50 |
| Fujairah | 608.50 | 2.50 | 829.00 | 2.00 |
| Global 20 Ports Average | 624.50 | 2.50 | 817.50 | 3.00 |
| Global 4 Ports Average | 588.50 | 0.50 | 757.00 | 2.50 |
| Global Average Bunker Price | 678.50 | 3.50 | 883.50 | 2.00 |
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