BUNKER PRICES: G20-VLSFO Index Advances
Bunker fuel prices rose at most ports on Thursday, with global average VLSFO prices advancing and paring some of Wednesday’s losses.
The G20-HSFO Index slipped by $0.50/mt to $514.50/mt, while the G20-MGO Index advanced by $1.50/mt to $763/mt.
ICE Brent crude futures rose by $2.82/bl to $79.40/bl on Thursday.
VLSFO prices at the top four ports followed a positive trend. At Singapore prices gained $3/mt to $610/mt, at Rotterdam they rose by $3/mt to $554.50/mt, at Fujairah they advanced by $3.50/mt to $600/mt, and at Houston they jumped by $6/mt to $553.50/mt.
On Friday morning Brent futures were trading down by $0.42/bl from the previous session’s close at $78.98/bl as of 9:27 AM in London. In metric tonne terms that would be equivalent to a $3.16/mt fall in bunker prices.
