World News
BUNKER PRICES: G20-VLSFO Index Slips Despite Surge in Crude
Bunker fuel prices were mixed in direction on Thursday, with global average VLSFO prices declining modestly overall despite a sharp rise in crude futures.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $0.50/mt to $603/mt on Thursday, having reached the highest level since September 25 the previous day.
The G20-HSFO Index rose by $3/mt to $501.50/mt, while the G20-MGO Index advanced by $0.50/mt to $742/mt.
ICE Brent crude futures rose by $3.72/bl to $77.62/bl on Thursday.
VLSFO prices at the top four ports mostly followed a positive trend. At Singapore prices gained $1/mt to $589/mt, at Rotterdam they rose by $4/mt to $534/mt, at Fujairah they declined by $3/mt to $575/mt, and at Houston they jumped by $0.50/mt to $531/mt.
On Friday morning Brent futures were trading up by $0.68/bl from the previous session's close at $78.30/bl as of 9:22 AM in London. In metric tonne terms that would be equivalent to a $5.12/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 589.00 | 1.00 | 666.00 | 10.00 |
| Rotterdam | 534.00 | 4.00 | 647.50 | 12.00 |
| Houston | 531.00 | 0.50 | 660.50 | 1.00 |
| Fujairah | 575.00 | 3.00 | 773.00 | 2.00 |
| Global 20 Ports Average | 603.00 | 0.50 | 742.00 | 0.50 |
| Global 4 Ports Average | 557.50 | 1.00 | 686.50 | 5.50 |
| Global Average Bunker Price | 643.50 | 2.00 | 815.00 | 1.00 |
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