World News
BUNKER PRICES: G20-VLSFO Index Jumps to One-Week High
Bunker prices mostly advanced at ports around the world on Thursday, with global average VLSFO prices climbing to their highest level in almost a week.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports rose by $2.50/mt to $520.50/mt on Thursday, reaching its highest level since September 19.
The G20-HSFO Index jumped by $3.50/mt to $453/mt, while the G20-MGO Index advanced by $4/mt to $772.50/mt.
ICE Brent crude futures rose by $0.11/bl to $69.42/bl on Thursday.
VLSFO prices at the top four ports were mixed in direction. At Singapore prices rose by $4.50/mt to $492/mt, at Rotterdam they declined by $0.50/mt to $454/mt, at Fujairah they jumped by $3.50/mt to $491/mt, and at Houston they fell by $1/mt to $485/mt.
On Friday morning Brent crude futures were trading up by $0.12/bl from the previous session's close at $69.54/bl as of 5:00 AM in London. In metric tonne terms that would be equivalent to a $0.90/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 492.00 | 4.50 | 692.00 | 4.00 |
| Rotterdam | 454.00 | 0.50 | 688.50 | 5.00 |
| Houston | 485.00 | 1.00 | 692.00 | 4.00 |
| Fujairah | 491.00 | 3.50 | 738.00 | 3.00 |
| Global 20 Ports Average | 520.50 | 2.50 | 772.50 | 4.00 |
| Global 4 Ports Average | 480.50 | 1.50 | 702.50 | 4.00 |
| Global Average Bunker Price | 561.00 | 9.50 | 805.00 | 2.00 |
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