World News
BUNKER PRICES: G20-VLSFO Index Advances to Two-Week High
Bunker fuel prices continued to advance at most ports on Thursday, with average global VLSFO prices hitting the highest level in more than two weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports rose by $12/mt to $595/mt on Thursday, reaching the highest level since May 2. The G20-HSFO Index jumped by $10/mt to $492/mt, while the G20-MGO Index gained $4.50/mt to $781.50/mt.
ICE Brent crude futures lost $1.10/bl to $75.86/bl on Thursday.
VLSFO prices at the top ports mostly had a positive trend. At Singapore prices rose by $16.50/mt to $584.50/mt, at Rotterdam they advanced by $15/mt to $537.50/mt, at Fujairah they gained $12.50/mt to $566/mt, and at Houston they slipped by $1/mt to $528.50/mt.
On Friday morning Brent crude futures were trading up by $0.62/bl at $76.48/bl as of 8:14 AM in London. In metric tonne terms that would be equivalent to a $4.67/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 655.50 | 2.00 | 808.50 | 4.50 |
| Rotterdam | 619.00 | 0.00 | 789.00 | 8.00 |
| Houston | 628.50 | 7.50 | 812.50 | 1.50 |
| Fujairah | 653.50 | 4.50 | 900.00 | 2.50 |
| Global 20 Ports Average | 672.00 | 0.50 | 885.00 | 7.00 |
| Global 4 Ports Average | 639.00 | 2.50 | 827.50 | 2.00 |
| Global Average Bunker Price | 727.50 | 1.50 | 933.50 | 5.00 |
Popular Now More
-
Apr 18Singapore's authorities are in the process of developing a regulatory framework for a methanol bunkering licence, and plan to call for applications for the licence by the end of this year. -
Apr 16The firm will acquire majority ownership of the Spanish firm for an undisclosed sum, subject to closing conditions and regulatory approvals. -
Apr 18The company is looking for candidates with at least seven years of experience, both as a trader and a manager.