World News
BUNKER PRICES: G20-VLSFO Index Climbs for Third Session
Bunker fuel prices advanced at most ports on Friday, with global average VLSFO prices climbing for a third consecutive session.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $1/mt to $575.50/mt on Friday, reaching the highest level since December 5.
The G20-HSFO Index jumped by $1.50/mt to $499.50/mt, while the G20-MGO Index rose by $6/mt to $756.50/mt.
ICE Brent crude futures advanced by $1.08/bl to $74.49/bl on Friday.
VLSFO prices at the top four ports followed a positive trend. At Singapore prices gained $0.50/mt to $549/mt, at Rotterdam they advanced by $1/mt to $505.50/mt, at Fujairah they rose by $0.50/mt to $542.50/mt, and at Houston they jumped by $2.50/mt to $550.50/mt.
On Monday morning Brent futures were trading down by $0.30/bl from the previous session's close at $74.19/bl as of 5:22 AM in London. In metric tonne terms that would be equivalent to a $2.26/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 549.00 | 0.50 | 680.50 | 5.50 |
| Rotterdam | 505.50 | 1.00 | 648.50 | 2.50 |
| Houston | 550.50 | 2.50 | 672.50 | 5.50 |
| Fujairah | 542.50 | 0.50 | 750.00 | 1.50 |
| Global 20 Ports Average | 575.50 | 1.00 | 756.50 | 6.00 |
| Global 4 Ports Average | 537.00 | 1.50 | 688.00 | 4.00 |
| Global Average Bunker Price | 624.50 | 1.00 | 806.00 | 1.00 |
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