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 | 571.00 | 1.50 | 685.50 | 5.50 |
| Rotterdam | 516.50 | 1.50 | 677.50 | 3.50 |
| Houston | 556.00 | 6.00 | 679.00 | 1.00 |
| Fujairah | 565.00 | 4.50 | 755.00 | 1.50 |
| Global 20 Ports Average | 589.00 | 3.00 | 764.50 | 3.50 |
| Global 4 Ports Average | 552.00 | 3.00 | 699.00 | 2.50 |
| Global Average Bunker Price | 635.50 | 1.00 | 811.50 | 11.00 |
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