World News
BUNKER PRICES: G20-VLSFO Index Rises to Six-Month High
Bunker fuel prices advanced at most ports on Friday, with global average VLSFO prices climbing to the highest level in almost six months.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports rose by $7.50/mt to $654.50/mt on Friday, reaching the highest level since February 17 The G20-HSFO Index advanced by $6.50/mt to $578/mt, while the G20-MGO Index gained $6/mt to $928/mt.
ICE Brent crude futures gained $1.10/bl to $86.24/bl on Friday.
VLSFO prices at the top ports had a positive trend. At Singapore prices rose by $7.50/mt to $639/mt, at Rotterdam they gained $13.50/mt tot $621/mt, at Fujairah they advanced by $15.50/mt to $638.50/mt, and at Houston they climbed by $8.50/mt to $605.50/mt.
On Monday morning Brent crude futures were trading down by $0.65/bl at $85.59/bl as of 9:48 AM in London. In metric tonne terms that would be equivalent to a $4.89/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 602.50 | 13.50 | 676.00 | 10.00 |
| Rotterdam | 540.50 | 6.50 | 665.50 | 18.00 |
| Houston | 552.50 | 21.50 | 685.50 | 25.00 |
| Fujairah | 592.50 | 17.50 | 783.00 | 10.00 |
| Global 20 Ports Average | 615.00 | 12.00 | 757.00 | 15.00 |
| Global 4 Ports Average | 572.00 | 14.50 | 702.50 | 16.00 |
| Global Average Bunker Price | 653.00 | 9.50 | 824.50 | 9.50 |
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