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 | 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 |
Popular Now More
-
Oct 02The new hire was previously managing director of bunker trading firm Sing Fuels from March 2018 to this month. -
Oct 03The new hire was previously managing partner of Island Gulf Energy in Dubai from July 2016 to last month. -
Oct 02The new hire was previously a bunker trader for marine fuel trading firm Pacific Bunkers in Singapore from July 2012 to last month.