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Latest Prices (Conventional Bunkers)

Price with change on the previous trading day; beneath it the day's high – low across sources, spread in brackets.

Date	VLSFO	HSFO	LSMGO	MGO	Scrubber Spread
Wed, Nov 11 Nov 11Wed	848.50 ▲ 8.50 870.00 – 805.00 (65.00)	774.00 ▲ 20.00 781.50 – 762.00 (19.50)	1,182.50 ▼ 10.00 1,212.00 – 1,170.00 (42.00)	1,182.50 ▼ 10.00 1,212.00 – 1,170.00 (42.00)	75.00 ▼ 11.00
Tue, Nov 10 Nov 10Tue	840.00 ▼ 53.00 852.50 – 815.00 (37.50)	754.00 ▼ 60.00 762.00 – 724.00 (38.00)	1,192.50 ▼ 51.00 1,240.00 – 1,150.00 (90.00)	1,192.50 ▼ 51.00 1,240.00 – 1,150.00 (90.00)	86.00 ▲ 7.00
Mon, Nov 9 Nov 9Mon	893.00 ▲ 12.50 905.00 – 870.00 (35.00)	814.00 ▼ 9.50 822.00 – 784.00 (38.00)	1,243.50 ▼ 12.00 1,295.00 – 1,182.00 (113.00)	1,243.50 ▼ 12.00 1,295.00 – 1,182.00 (113.00)	79.00 ▲ 21.50
Fri, Nov 6 Nov 6Fri	880.50 ▲ 6.50 940.00 – 840.00 (100.00)	823.50 ▲ 14.00 850.00 – 794.00 (56.00)	1,255.50 ▲ 1.50 1,285.00 – 1,232.00 (53.00)	1,255.50 ▲ 1.50 1,285.00 – 1,232.00 (53.00)	57.50 ▼ 7.50
Thu, Nov 5 Nov 5Thu	874.00 ▼ 38.00 895.00 – 833.00 (62.00)	809.50 ▼ 64.00 862.00 – 755.00 (107.00)	1,254.00 ▼ 37.00 1,300.00 – 1,183.00 (117.00)	1,254.00 ▼ 37.00 1,300.00 – 1,183.00 (117.00)	65.00 ▲ 26.50
Wed, Nov 4 Nov 4Wed	912.00 ▼ 53.00 940.00 – 865.00 (75.00)	873.50 ▼ 59.50 910.00 – 827.00 (83.00)	1,291.00 ▼ 17.00 1,315.00 – 1,253.00 (62.00)	1,291.00 ▼ 17.00 1,315.00 – 1,253.00 (62.00)	38.50 ▲ 6.50
Tue, Nov 3 Nov 3Tue	965.00 ▼ 47.00 1,005.00 – 925.00 (80.00)	933.00 ▼ 38.00 945.00 – 905.00 (40.00)	1,308.00 ▼ 28.50 1,330.00 – 1,272.00 (58.00)	1,308.00 ▼ 28.50 1,330.00 – 1,272.00 (58.00)	32.00 ▼ 9.50
Mon, Nov 2 Nov 2Mon	1,012.00 ▼ 11.00 1,035.00 – 990.00 (45.00)	971.00 ▼ 22.50 980.00 – 962.00 (18.00)	1,336.50 ▼ 22.00 1,355.00 – 1,298.50 (56.50)	1,336.50 ▼ 22.00 1,355.00 – 1,298.50 (56.50)	41.50 ▲ 12.00
Fri, Oct 30 Oct 30Fri	1,023.00 ▲ 16.50 1,050.00 – 1,005.00 (45.00)	993.50 ▲ 17.50 1,010.00 – 980.00 (30.00)	1,358.50 ▼ 41.50 1,420.00 – 1,320.00 (100.00)	1,358.50 ▼ 41.50 1,420.00 – 1,320.00 (100.00)	29.50 ▼ 1.00
Thu, Oct 29 Oct 29Thu	1,006.50 ▲ 1.50 1,025.00 – 991.00 (34.00)	976.00 ▲ 0.50 990.00 – 957.00 (33.00)	1,400.00 ▲ 48.50 1,530.00 – 1,322.00 (208.00)	1,400.00 ▲ 48.50 1,530.00 – 1,322.00 (208.00)	30.50 ▲ 1.00
Wed, Oct 28 Oct 28Wed	1,005.00 ▲ 19.50 1,025.00 – 984.00 (41.00)	975.50 ▲ 10.50 990.00 – 953.00 (37.00)	1,351.50 ▼ 17.00 1,390.00 – 1,317.00 (73.00)	1,351.50 ▼ 17.00 1,390.00 – 1,317.00 (73.00)	29.50 ▲ 9.00
Tue, Oct 27 Oct 27Tue	985.50 ▲ 9.00 1,005.00 – 955.00 (50.00)	965.00 ▼ 2.50 975.00 – 947.50 (27.50)	1,368.50 ▲ 12.50 1,400.00 – 1,322.00 (78.00)	1,368.50 ▲ 12.50 1,400.00 – 1,322.00 (78.00)	20.50 ▲ 12.00
Mon, Oct 26 Oct 26Mon	976.50 ▲ 4.50 1,015.00 – 940.00 (75.00)	967.50 ▲ 3.50 985.00 – 950.00 (35.00)	1,356.00 ▼ 8.00 1,390.00 – 1,332.00 (58.00)	1,356.00 ▼ 8.00 1,390.00 – 1,332.00 (58.00)	8.50 ▲ 0.50
Fri, Oct 23 Oct 23Fri	972.00 ▲ 12.00 1,010.00 – 945.00 (65.00)	964.00 ▲ 7.00 990.00 – 950.00 (40.00)	1,364.00 ▲ 11.00 1,410.00 – 1,320.00 (90.00)	1,364.00 ▲ 11.00 1,410.00 – 1,320.00 (90.00)	8.00 ▲ 5.00

Latest Prices (Fuel Oil Bunkers)

Price with change on the previous trading day; beneath it the day's high – low across sources, spread in brackets.

Date	VLSFO	HSFO	Scrubber Spread
Wed, Nov 11 Nov 11Wed	848.50 ▲ 8.50 870.00 – 805.00 (65.00)	774.00 ▲ 20.00 781.50 – 762.00 (19.50)	75.00 ▼ 11.00
Tue, Nov 10 Nov 10Tue	840.00 ▼ 53.00 852.50 – 815.00 (37.50)	754.00 ▼ 60.00 762.00 – 724.00 (38.00)	86.00 ▲ 7.00
Mon, Nov 9 Nov 9Mon	893.00 ▲ 12.50 905.00 – 870.00 (35.00)	814.00 ▼ 9.50 822.00 – 784.00 (38.00)	79.00 ▲ 21.50
Fri, Nov 6 Nov 6Fri	880.50 ▲ 6.50 940.00 – 840.00 (100.00)	823.50 ▲ 14.00 850.00 – 794.00 (56.00)	57.50 ▼ 7.50
Thu, Nov 5 Nov 5Thu	874.00 ▼ 38.00 895.00 – 833.00 (62.00)	809.50 ▼ 64.00 862.00 – 755.00 (107.00)	65.00 ▲ 26.50
Wed, Nov 4 Nov 4Wed	912.00 ▼ 53.00 940.00 – 865.00 (75.00)	873.50 ▼ 59.50 910.00 – 827.00 (83.00)	38.50 ▲ 6.50
Tue, Nov 3 Nov 3Tue	965.00 ▼ 47.00 1,005.00 – 925.00 (80.00)	933.00 ▼ 38.00 945.00 – 905.00 (40.00)	32.00 ▼ 9.50
Mon, Nov 2 Nov 2Mon	1,012.00 ▼ 11.00 1,035.00 – 990.00 (45.00)	971.00 ▼ 22.50 980.00 – 962.00 (18.00)	41.50 ▲ 12.00
Fri, Oct 30 Oct 30Fri	1,023.00 ▲ 16.50 1,050.00 – 1,005.00 (45.00)	993.50 ▲ 17.50 1,010.00 – 980.00 (30.00)	29.50 ▼ 1.00
Thu, Oct 29 Oct 29Thu	1,006.50 ▲ 1.50 1,025.00 – 991.00 (34.00)	976.00 ▲ 0.50 990.00 – 957.00 (33.00)	30.50 ▲ 1.00
Wed, Oct 28 Oct 28Wed	1,005.00 ▲ 19.50 1,025.00 – 984.00 (41.00)	975.50 ▲ 10.50 990.00 – 953.00 (37.00)	29.50 ▲ 9.00
Tue, Oct 27 Oct 27Tue	985.50 ▲ 9.00 1,005.00 – 955.00 (50.00)	965.00 ▼ 2.50 975.00 – 947.50 (27.50)	20.50 ▲ 12.00
Mon, Oct 26 Oct 26Mon	976.50 ▲ 4.50 1,015.00 – 940.00 (75.00)	967.50 ▲ 3.50 985.00 – 950.00 (35.00)	8.50 ▲ 0.50
Fri, Oct 23 Oct 23Fri	972.00 ▲ 12.00 1,010.00 – 945.00 (65.00)	964.00 ▲ 7.00 990.00 – 950.00 (40.00)	8.00 ▲ 5.00

Latest Prices (Distillates)

Date	LSMGO	MGO
Wed, Nov 11 Nov 11Wed	1,182.50 ▼ 10.00 1,212.00 – 1,170.00 (42.00)	1,182.50 ▼ 10.00 1,212.00 – 1,170.00 (42.00)
Tue, Nov 10 Nov 10Tue	1,192.50 ▼ 51.00 1,240.00 – 1,150.00 (90.00)	1,192.50 ▼ 51.00 1,240.00 – 1,150.00 (90.00)
Mon, Nov 9 Nov 9Mon	1,243.50 ▼ 12.00 1,295.00 – 1,182.00 (113.00)	1,243.50 ▼ 12.00 1,295.00 – 1,182.00 (113.00)
Fri, Nov 6 Nov 6Fri	1,255.50 ▲ 1.50 1,285.00 – 1,232.00 (53.00)	1,255.50 ▲ 1.50 1,285.00 – 1,232.00 (53.00)
Thu, Nov 5 Nov 5Thu	1,254.00 ▼ 37.00 1,300.00 – 1,183.00 (117.00)	1,254.00 ▼ 37.00 1,300.00 – 1,183.00 (117.00)
Wed, Nov 4 Nov 4Wed	1,291.00 ▼ 17.00 1,315.00 – 1,253.00 (62.00)	1,291.00 ▼ 17.00 1,315.00 – 1,253.00 (62.00)
Tue, Nov 3 Nov 3Tue	1,308.00 ▼ 28.50 1,330.00 – 1,272.00 (58.00)	1,308.00 ▼ 28.50 1,330.00 – 1,272.00 (58.00)
Mon, Nov 2 Nov 2Mon	1,336.50 ▼ 22.00 1,355.00 – 1,298.50 (56.50)	1,336.50 ▼ 22.00 1,355.00 – 1,298.50 (56.50)
Fri, Oct 30 Oct 30Fri	1,358.50 ▼ 41.50 1,420.00 – 1,320.00 (100.00)	1,358.50 ▼ 41.50 1,420.00 – 1,320.00 (100.00)
Thu, Oct 29 Oct 29Thu	1,400.00 ▲ 48.50 1,530.00 – 1,322.00 (208.00)	1,400.00 ▲ 48.50 1,530.00 – 1,322.00 (208.00)
Wed, Oct 28 Oct 28Wed	1,351.50 ▼ 17.00 1,390.00 – 1,317.00 (73.00)	1,351.50 ▼ 17.00 1,390.00 – 1,317.00 (73.00)
Tue, Oct 27 Oct 27Tue	1,368.50 ▲ 12.50 1,400.00 – 1,322.00 (78.00)	1,368.50 ▲ 12.50 1,400.00 – 1,322.00 (78.00)
Mon, Oct 26 Oct 26Mon	1,356.00 ▼ 8.00 1,390.00 – 1,332.00 (58.00)	1,356.00 ▼ 8.00 1,390.00 – 1,332.00 (58.00)
Fri, Oct 23 Oct 23Fri	1,364.00 ▲ 11.00 1,410.00 – 1,320.00 (90.00)	1,364.00 ▲ 11.00 1,410.00 – 1,320.00 (90.00)

Quarterly Averages (Conventional Bunkers)

Quarter	VLSFO	HSFO	LSMGO	MGO	Scrubber Spread
Q4 2026	946.00	918.50	1,307.50	1,307.50	27.50
Q3 2026	829.50	664.50	1,211.00	1,211.00	165.00
Q2 2026	808.00	673.50	1,236.00	1,236.00	135.00
Q1 2026	640.00	570.50	926.00	925.50	69.50
Q4 2025	464.50	397.00	673.50	673.50	67.50
Q3 2025	520.50	436.50	668.50	668.50	84.00
Q2 2025	526.50	467.00	632.00	632.00	59.50
Q1 2025	567.00	505.50	695.50	695.50	61.50

Quarterly Averages (Fuel Oil Bunkers)

Quarter	VLSFO	HSFO	Scrubber Spread
Q4 2026	946.00	918.50	27.50
Q3 2026	829.50	664.50	165.00
Q2 2026	808.00	673.50	135.00
Q1 2026	640.00	570.50	69.50
Q4 2025	464.50	397.00	67.50
Q3 2025	520.50	436.50	84.00
Q2 2025	526.50	467.00	59.50
Q1 2025	567.00	505.50	61.50

Quarterly Averages (Distillates)

Quarter	LSMGO	MGO
Q4 2026	1,307.50	1,307.50
Q3 2026	1,211.00	1,211.00
Q2 2026	1,236.00	1,236.00
Q1 2026	926.00	925.50
Q4 2025	673.50	673.50
Q3 2025	668.50	668.50
Q2 2025	632.00	632.00
Q1 2025	695.50	695.50

Forecast

Based on 1-year Ship & Bunker Brent / Bunker relationship for each product and the Brent forecast from EIA Short-Term Energy Outlook dated Nov 5, 2026. All prices are $USD / mt. All prices are as indications only.

Period	VLSFO	MGO	LSMGO	HSFO
2026 Q4	918	1,343	1,343	784
Full Year 2026	820	1,200	1,200	700
2027 Q1	799	1,168	1,168	682
2027 Q2	749	1,096	1,096	639
2027 Q3	699	1,022	1,022	596
2027 Q4	647	947	947	553
Full Year 2027	722	1,056	1,056	616

Terminology

Biofuel: Biofuel is a VLSFO biofuel blend, B24 in Singapore (24% biofuel) and typically a B30 (30% biofuel) elsewhere.
Brent: Brent prices are converted from USD/bbl to USD per metric tonne at a rate of 7.53 barrels per metric tonne.
EUA: EUA is the price in Euros for 1 (one) EU Emissions Allowance (EUA).
EUA-USD: EUA-USD is the USD price for 1 (one) EUA converted at the prevailing exchange rate.
EUAHSFO: EUAHSFO is the total EUA cost to offset 1 (one) metric tonne (mt) of HSFO. This price takes into account for 2024 ship owners pay only 40% of the full costs incurred, 70% in 2025 and 100% in 2026.
EUAMGO: EUAMGO is the total EUA cost to offset 1 (one) metric tonne (mt) of MGO. This price takes into account for 2024 ship owners pay only 40% of the full costs incurred, 70% in 2025 and 100% in 2026.
EUAVLSFO: EUAVLSFO is the total EUA cost to offset 1 (one) metric tonne (mt) of VLSFO. This price takes into account for 2024 ship owners pay only 40% of the full costs incurred, 70% in 2025 and 100% in 2026.
IFO380 & IFO180: IFO380 & IFO180 are Max 3.5% Sulfur Bunkers (RME, RMF, RMG, RMH, RMK, etc).
LNG: LNG is the USD price for one metric tonne of LNG.
LNG-380e: LNG-380e is the price for an amount of LNG that delivers the energy equivalent of one metric tonne of IFO380 bunker fuel.
LNG-MGOe: LNG-MGOe is the price for an amount of LNG that delivers the energy equivalent of one metric tonne of MGO.
LS180 & LS380: LS180 & LS380 are Max 1.0% Sulfur Bunkers.
LSMGO: LSMGO is Max 0.10% Sulfur Distillate (DMA, DMZ) for Compliance with 2015 ECA Regulations.
MDO: MDO is Max 1.50% Sulfur Distillate (DMB).
MEoH: MEoH is the price per tonne of pure conventional / grey methanol.
MEoH-MGOe: MEoH-MGOe is the price for a quantity of methanol that delivers the same amount of energy as one metric tonne of MGO.
MEoH-VLSFOe: MEoH-VLSFOe is the price for a quantity of methanol that delivers the same amount of energy as one metric tonne of VLSFO bunker fuel.
MGO: MGO is, unless otherwise specified, a Max 1.50% Sulfur “Clear and Bright” Distillate (DMA, DMZ, etc).
SS: SS is the ‘scrubber spread’ — the premium for 0.50%S VLSFO over >0.50%S HSFO. The spread is the price differential between the two fuels before their respective half dollar rounding, with the resulting spread then rounded to the nearest half dollar.
ULSFO: ULSFO is Max 0.10% Sulfur Fuel Oil for Compliance with 2015 ECA Regulations.
VLSFO: VLSFO is Max 0.5% Sulfur fuel (Also known as IMO2020 grade bunkers).
WTI: WTI prices are converted from USD/bbl to USD per metric tonne at a rate of 7.62 barrels per metric tonne.