BUNKER PRICES: G20-VLSFO Index Slips to Two-Week Low

by Ship & Bunker News Team
Wednesday May 31, 2023

Bunker fuel prices declined at most ports on Tuesday, with average global VLSFO prices dropping to the lowest level in almost two weeks.

Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports fell by $4/mt to $584.50/mt on Tuesday, reaching the lowest level since May 17. The G20-HSFO Index lost $5.50/mt to $483.50/mt, while the G20-MGO Index declined by $12/mt to $764.50/mt.

ICE Brent crude futures lost $2.53/bl to $73.54/bl on Tuesday.

VLSFO prices at the top ports had a negative trend. At Singapore prices were little changed at$578/mt, at Rotterdam they declined by $8/mt to $531/mt, at Fujairah they slipped by $4/mt to $561.50/mt, and at Houston they dropped by $6/mt to $525.50/mt.

On Wednesday morning Brent crude futures were trading down by $0.34/bl at $73.20/bl as of 9:33 AM in London. In metric tonne terms that would be equivalent to a $2.56/mt fall in bunker prices.