World News
BUNKER PRICES: G20-VLSFO Index Jumps to Four-Day High
Bunker fuel prices advanced at most ports on Friday, with global average VLSFO prices climbing to the highest level in four days.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $6/mt to $615.50/mt on Friday, reaching the highest level since August 19.
The G20-HSFO Index rose by $4/mt to $505/mt, while the G20-MGO Index rallied by $1/mt to $769.50/mt.
ICE Brent crude futures jumped by $1.80/bl to $79.02/bl on Friday.
VLSFO prices at the top four ports followed a positive trend. At Singapore prices gained $10.50/mt to $622.50/mt, at Rotterdam they rose by $3.50/mt to $539.50/mt, at Fujairah they jumped by $12/mt to $609/mt, and at Houston they advanced by $7.50/mt to $548/mt.
On Monday morning Brent futures were trading up by $0.50/bl from the previous session's close at $79.52/bl as of 7:01 AM in London. In metric tonne terms that would be equivalent to a $3.77/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 574.00 | 7.00 | 625.00 | 3.00 |
| Rotterdam | 502.00 | 4.00 | 616.00 | 3.50 |
| Houston | 503.50 | 3.00 | 634.50 | 4.00 |
| Fujairah | 568.00 | 6.00 | 774.50 | 1.50 |
| Global 20 Ports Average | 591.50 | 2.00 | 733.50 | 3.00 |
| Global 4 Ports Average | 540.00 | 0.50 | 662.50 | 0.50 |
| Global Average Bunker Price | 637.00 | 2.00 | 808.00 | 0.00 |
Popular Now More
-
Sep 13Other firms in the country may also be under investigation, a local source tells Ship & Bunker. -
Sep 16The new director has worked for Shipergy since June 2022. -
Sep 16The new hire was previously CFO of construction technology firm Trackunit.