BUNKER PRICES: G20-VLSFO Index Advances to Five-Month High

by Ship & Bunker News Team
Monday April 8, 2024

Bunker fuel prices advanced at most ports on Friday, with global average VLSFO prices climbing to the highest level in almost five months.

Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $0.50/mt to $674.50/mt on Friday, reaching the highest level since November 21. The G20-HSFO Index rose by $1.50/mt to $543/mt, while the G20-MGO climbed by $7.50/mt to $901/mt.

ICE Brent crude futures gained $0.52/bl to $91.17/bl on Friday.

VLSFO prices at the top ports were mixed in direction. At Singapore prices advanced by $3.50/mt to $653/mt, at Rotterdam they gained $2/mt to $616/mt, at Fujairah they were little changed at $651.50/mt, and at Houston they slipped by $3/mt to $657/mt.

On Monday morning Brent futures were trading down by $1.62/bl from the previous session's close at $89.55/bl as of 6:54 AM in London. In metric tonne terms that would be equivalent to a $12.20/mt fall in bunker prices.