World News
BUNKER PRICES: G20-VLSFO Index Advances for Second Day
Bunker fuel prices mostly advanced at ports around the world on Friday, with global average VLSFO prices jumping for a second day to the highest level in more than three months.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $4/mt to $620.50/mt on Friday, remaining at its highest level since October 14.
The G20-HSFO Index rose by $8/mt to $533/mt, while the G20-MGO Index advanced by $5/mt to $817/mt.
ICE Brent crude futures slipped by $0.34/bl to $79.57/bl on Friday.
VLSFO prices at the top four ports mostly followed a positive trend. At Singapore prices jumped by $7/mt to $613/mt, at Rotterdam they rose by $3/mt to $557/mt, at Fujairah they advanced by $3/mt to $598/mt, and at Houston they slipped by $1.50/mt to $601.50/mt.
On Monday morning Brent futures were trading down by $0.25/bl from the previous session's close at $79.32/bl as of 7:39 AM in London. In metric tonne terms that would be equivalent to a $1.88/mt fall on the day in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 613.00 | 7.00 | 752.50 | 4.50 |
| Rotterdam | 557.00 | 3.00 | 719.50 | 7.50 |
| Houston | 601.50 | 1.50 | 779.50 | 5.00 |
| Fujairah | 598.00 | 3.00 | 791.00 | 1.50 |
| Global 20 Ports Average | 620.50 | 4.00 | 817.00 | 5.00 |
| Global 4 Ports Average | 592.50 | 3.00 | 761.00 | 5.00 |
| Global Average Bunker Price | 657.50 | 3.50 | 851.00 | 3.50 |
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