BUNKER PRICES: G20-VLSFO Index Advances for First in Nine Sessions
Bunker fuel prices rallied at most ports on Thursday, with global average VLSFO prices climbing for the first in nine consecutive sessions.
The G20-HSFO Index rose by $5mt to $479.50/mt, while the G20-MGO Index climbed by $1/mt to $730/mt.
ICE Brent crude futures jumped by $1.36/bl to $71.97/bl on Thursday.
VLSFO prices at the top four ports were mixed in direction. At Singapore prices lost $3.50/mt to $579/mt, at Rotterdam they rose by $0.50/mt to $503.50/mt, at Fujairah they slipped by $2/mt to $577/mt, and at Houston they were little changed at $498/mt.
On Friday morning Brent futures were trading up by $0.39/bl from the previous session’s close at $72.36/bl as of 5:23 AM in London. In metric tonne terms that would be equivalent to a $2.94/mt rise in bunker prices.
