Bunker Price Forecast
Q2 2025

Quarterly and Full Year Average Bunker Price Forecast

G20-VLSFO G20-MGO G20-HSFO G20-SS
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

The slump in crude seen in recent weeks - largely as a result of global trade tensions - has driven a corresponding dramatic slide in projections for bunker prices over the next two years.

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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 the key hubs of Singapore, Houston, Rotterdam, and Fujairah.

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