by Ship & Bunker News Team
Wednesday May 17, 2023

Bunker fuel prices advanced at most ports on Tuesday, with average global VLSFO prices returning to the level seen at the end of last week.

Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports jumped by $7.50/mt to $580.50/mt on Tuesday, reaching the highest level since May 12. The G20-HSFO Index gained $3/mt to $482.50/mt, while the G20-MGO Index advanced by $1/mt to $778/mt.

ICE Brent crude futures lost $0.32/bl to $74.91/bl on Tuesday.

VLSFO prices at the top ports had a positive trend. At Singapore prices rose by $10/mt to $565/mt, at Rotterdam they advanced by $6/mt to $525/mt, at Fujairah they gained $10.50/mt to $558/mt, and at Houston they climbed by $0.50/mt to $528.50/mt.

On Wednesday morning Brent crude futures were trading down by $0.26/bl at $74.65/bl as of 9:34 AM in London. In metric tonne terms that would be equivalent to a $1.96/mt rise in bunker prices.