World News
BUNKER PRICES: G20-VLSFO Index Jumps to Eight-Month High
Bunker fuel prices advanced at most ports on Thursday, with global average VLSFO prices hitting the highest level in almost eight months.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports jumped by $6.50/mt to $689/mt on Thursday, reaching the highest level since February 1. The G20-HSFO Index rose by $6.50/mt to $601.50/mt, while the G20-MGO Index gained $7.50/mt to $1,010/mt.
ICE Brent crude futures fell by $1.17/bl to $95.38/bl on Thursday.
VLSFO prices at the top ports mostly followed a positive trend. At Singapore prices rose by $4/mt to $684/mt, at Rotterdam they advanced by $10/mt to $638/mt, at Fujairah they jumped by $6.50/mt to $670.50/mt, and at Houston they slipped by $3/mt to $658/mt.
On Friday morning Brent crude futures were trading down by $0.33/bl at $95.05/bl as of 6:02 AM in London. In metric tonne terms that would be equivalent to a $2.48/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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