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

by Ship & Bunker News Team
Tuesday June 6, 2023

Bunker fuel prices climbed at most ports on Monday, with average global VLSFO prices advancing to the highest level in almost two weeks.

Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports rose by $11/mt to $594.50/mt on Monday, reaching the highest level since May 24. The G20-HSFO Index advanced by $10/mt to $494.50/mt, while the G20-MGO Index jumped by $17.50/mt to $781.50/mt.

ICE Brent crude futures gained $0.58/bl to $76.71/bl on Monday.

VLSFO prices at the top ports had a positive trend. At Singapore prices rose by $24/mt to $585.50/mt, at Rotterdam they climbed by $14/mt to $548.50/mt, at Fujairah they advanced by $19/mt to $566.50/mt, and at Houston they gained $11/mt to $531/mt.

On Tuesday morning Brent crude futures were trading down by $1.11/bl at $75.60/bl as of 8:20 AM in London. In metric tonne terms that would be equivalent to an $8.36/mt fall in bunker prices.