BUNKER PRICES: G20-VLSFO Index Rises to Two-Week High

by Ship & Bunker News Team
Friday March 15, 2024

Bunker fuel prices advanced at most ports on Thursday, with global average VLSFO prices climbing to the highest level in almost two weeks.

Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports rose by $7/mt to $664.50/mt on Thursday, reaching the highest level since March 5. The G20-HSFO Index rose by $6.50/mt to $518.50/mt, while the G20-MGO Index advanced by $1/mt to $875.50/mt.

ICE Brent crude futures jumped by $1.39/bl to $85.42/bl on Thursday.

VLSFO prices at the top ports followed a positive trend. At Singapore prices gained $5.50/mt to $638.50/mt, at Rotterdam they advanced by $10/mt to $595.50/mt, at Fujairah they climbed by $11/mt to $649/mt, and at Houston they jumped by $8.50/mt to $647/mt.

On Friday morning Brent futures were down by $0.16/bl from the previous session's close at $85.26/bl as of 6:48 AM in London. In metric tonne terms that would equate to a $1.20/mt fall in bunker prices.