BUNKER PRICES: G20-VLSFO Index Sinks to Two-Month Low

by Ship & Bunker News Team
Tuesday December 5, 2023

Bunker fuel prices sank at most ports on Monday, with global average VLSFO prices dropping to the lowest level in almost two months.

Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $11.50/mt to $648.50/mt on Monday, reaching the lowest level since October 6. The G20-HSFO Index fell by $5/mt to $517/mt, while the G20-MGO Index dropped by $8/mt to $872.50/mt.

ICE Brent crude futures sank by $0.85/bl to $78.03/bl on Monday.

VLSFO prices at the top ports followed a negative trend. At Singapore prices fell by $27/mt to $643.50/mt, at Rotterdam they lost $24/mt to $564.50/mt, at Fujairah they slipped by $18.50/mt to $630.50/mt, and at Houston they sank by $3.50/mt to $573.50/mt.

On Tuesday morning Brent crude futures were trading up by $0.43/bl at $78.46/bl as of 8:11 AM in London. In metric tonne terms that would be equivalent to a $3.24/mt rise in bunker prices.