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

by Ship & Bunker News Team
Wednesday December 20, 2023

Bunker fuel prices jumped at most ports on Tuesday, with global average VLSFO prices rising to the highest level in almost two weeks.

Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $6/mt to $629/mt on Tuesday, reaching the highest level since December 6. The G20-HSFO Index rose by $5/mt to $507/mt, while the G20-MGO Index dropped by $14/mt to $840.50/mt.

ICE Brent crude futures advanced by $1.28/bl to $79.23/bl on Tuesday.

VLSFO prices at the top ports followed a positive trend. At Singapore prices rose by $11/mt to $610/mt, at Rotterdam they gained $13/mt to $554/mt, at Fujairah they jumped by $11/mt to $617/mt, and at Houston they advanced by $2.50/mt to $562/mt.

On Wednesday morning Brent crude futures were trading up by $0.04/bl at $79.27/bl as of 6:21 AM in London. In metric tonne terms that would be equivalent to a $0.30/mt rise in bunker prices.