Bunker Price Forecast
January 2025

Quarterly and Full Year Average Bunker Price Forecast

G20-VLSFO G20-MGO G20-HSFO G20-SS
Q1 2025 $-Subscribe- $-Subscribe- $-Subscribe- $-Subscribe-
Q2 2025 $-Subscribe- $-Subscribe- $-Subscribe- $-Subscribe-
Q3 2025 $-Subscribe- $-Subscribe- $-Subscribe- $-Subscribe-
Q4 2025 $-Subscribe- $-Subscribe- $-Subscribe- $-Subscribe-
Q1 2026 $-Subscribe- $-Subscribe- $-Subscribe- $-Subscribe-
Q2 2026 $-Subscribe- $-Subscribe- $-Subscribe- $-Subscribe-
Q3 2026 $-Subscribe- $-Subscribe- $-Subscribe- $-Subscribe-
Q4 2026 $-Subscribe- $-Subscribe- $-Subscribe- $-Subscribe-
Full Year 2025 $-Subscribe- $-Subscribe- $-Subscribe- $-Subscribe-
Full Year 2026 $-Subscribe- $-Subscribe- $-Subscribe- $-Subscribe-

TABLE 1 - Bunker Price Outlook Basis Ship & Bunker historical price data, EIA Oil Price Forecast. All prices quoted USD $/mt. SS refers to the "scrubber spread" between VLSFO and HSFO.

Overview

Expectations of increased crude output combined with a steady-to-weak demand outlook promoted EIA to lower its oil price forecast in February, with projected bunker prices over the next two years also falling as a result.

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This report is available to subscribers only.

It includes market commentary along with quarterly and full-year bunker price forecasts for 2025 and 2026, covering VLSFO, MGO, and HSFO (IFO380). The report provides insights for the G20 Index of global bunker prices as well as key Singapore, Houston, Rotterdam, and Fujairah..

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