Global 20 Ports Average

AV G20
Date range
Data
Fuel grades
Want to graph prices from multiple ports? Use the My Ports tool.

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 MGO Scrubber Spread
Wed, Nov 11 Nov 11Wed 842.00 ▼ 2.00 685.50 ▲ 3.00 1,415.50 ▼ 5.50 156.50 ▼ 5.00
Tue, Nov 10 Nov 10Tue 844.00 ▼ 22.00 682.50 ▼ 39.50 1,421.00 ▼ 42.00 161.50 ▲ 17.50
Mon, Nov 9 Nov 9Mon 866.00 ▼ 4.50 722.00 ▼ 2.50 1,463.00 ▼ 10.00 144.00 ▼ 2.00
Fri, Nov 6 Nov 6Fri 870.50 ▲ 3.00 724.50 ▲ 15.50 1,473.00 ▲ 20.00 146.00 ▼ 13.00
Thu, Nov 5 Nov 5Thu 867.50 ▼ 26.00 709.00 ▼ 45.50 1,453.00 ▼ 37.50 159.00 ▲ 20.00
Wed, Nov 4 Nov 4Wed 893.50 ▼ 24.50 754.50 ▼ 28.00 1,490.50 ▼ 14.00 139.00 ▲ 3.50
Tue, Nov 3 Nov 3Tue 918.00 ▼ 22.50 782.50 ▼ 31.00 1,504.50 ▼ 10.00 135.50 ▲ 8.50
Mon, Nov 2 Nov 2Mon 940.50 ▼ 12.50 813.50 ▼ 17.00 1,514.50 ▼ 14.50 127.00 ▲ 4.50
Fri, Oct 30 Oct 30Fri 953.00 ▲ 11.00 830.50 ▲ 9.50 1,529.00 ▼ 10.00 122.50 ▲ 1.50
Thu, Oct 29 Oct 29Thu 942.00 ▼ 2.00 821.00 ▲ 0.50 1,539.00 ▼ 11.50 121.00 ▼ 2.50
Wed, Oct 28 Oct 28Wed 944.00 ▲ 7.50 820.50 ▲ 3.00 1,550.50 ▼ 5.00 123.50 ▲ 4.00
Tue, Oct 27 Oct 27Tue 936.50 ▶ 0.00 817.50 ▼ 20.50 1,555.50 ▼ 6.50 119.50 ▲ 21.00
Mon, Oct 26 Oct 26Mon 936.50 ▲ 7.00 838.00 ▲ 7.00 1,562.00 ▼ 3.00 98.50 ▶ 0.00
Fri, Oct 23 Oct 23Fri 929.50 ▲ 10.50 831.00 ▲ 8.50 1,565.00 ▲ 13.00 98.50 ▲ 2.00

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 842.00 ▼ 2.00 685.50 ▲ 3.00 156.50 ▼ 5.00
Tue, Nov 10 Nov 10Tue 844.00 ▼ 22.00 682.50 ▼ 39.50 161.50 ▲ 17.50
Mon, Nov 9 Nov 9Mon 866.00 ▼ 4.50 722.00 ▼ 2.50 144.00 ▼ 2.00
Fri, Nov 6 Nov 6Fri 870.50 ▲ 3.00 724.50 ▲ 15.50 146.00 ▼ 13.00
Thu, Nov 5 Nov 5Thu 867.50 ▼ 26.00 709.00 ▼ 45.50 159.00 ▲ 20.00
Wed, Nov 4 Nov 4Wed 893.50 ▼ 24.50 754.50 ▼ 28.00 139.00 ▲ 3.50
Tue, Nov 3 Nov 3Tue 918.00 ▼ 22.50 782.50 ▼ 31.00 135.50 ▲ 8.50
Mon, Nov 2 Nov 2Mon 940.50 ▼ 12.50 813.50 ▼ 17.00 127.00 ▲ 4.50
Fri, Oct 30 Oct 30Fri 953.00 ▲ 11.00 830.50 ▲ 9.50 122.50 ▲ 1.50
Thu, Oct 29 Oct 29Thu 942.00 ▼ 2.00 821.00 ▲ 0.50 121.00 ▼ 2.50
Wed, Oct 28 Oct 28Wed 944.00 ▲ 7.50 820.50 ▲ 3.00 123.50 ▲ 4.00
Tue, Oct 27 Oct 27Tue 936.50 ▶ 0.00 817.50 ▼ 20.50 119.50 ▲ 21.00
Mon, Oct 26 Oct 26Mon 936.50 ▲ 7.00 838.00 ▲ 7.00 98.50 ▶ 0.00
Fri, Oct 23 Oct 23Fri 929.50 ▲ 10.50 831.00 ▲ 8.50 98.50 ▲ 2.00

Latest Prices (Distillates)

Date MGO
Wed, Nov 11 Nov 11Wed 1,415.50 ▼ 5.50
Tue, Nov 10 Nov 10Tue 1,421.00 ▼ 42.00
Mon, Nov 9 Nov 9Mon 1,463.00 ▼ 10.00
Fri, Nov 6 Nov 6Fri 1,473.00 ▲ 20.00
Thu, Nov 5 Nov 5Thu 1,453.00 ▼ 37.50
Wed, Nov 4 Nov 4Wed 1,490.50 ▼ 14.00
Tue, Nov 3 Nov 3Tue 1,504.50 ▼ 10.00
Mon, Nov 2 Nov 2Mon 1,514.50 ▼ 14.50
Fri, Oct 30 Oct 30Fri 1,529.00 ▼ 10.00
Thu, Oct 29 Oct 29Thu 1,539.00 ▼ 11.50
Wed, Oct 28 Oct 28Wed 1,550.50 ▼ 5.00
Tue, Oct 27 Oct 27Tue 1,555.50 ▼ 6.50
Mon, Oct 26 Oct 26Mon 1,562.00 ▼ 3.00
Fri, Oct 23 Oct 23Fri 1,565.00 ▲ 13.00

Quarterly Averages (Conventional Bunkers)

Quarter VLSFO HSFO MGO Scrubber Spread
Q4 2026 900.50 778.00 1,518.50 122.50
Q3 2026 810.00 642.50 1,368.50 167.50
Q2 2026 856.50 713.50 1,404.50 143.00
Q1 2026 639.00 548.50 979.00 90.50
Q4 2025 483.00 417.00 757.50 66.50
Q3 2025 537.00 455.00 762.00 82.50
Q2 2025 538.00 468.00 724.00 70.00
Q1 2025 585.50 506.00 774.50 79.50

Quarterly Averages (Fuel Oil Bunkers)

Quarter VLSFO HSFO Scrubber Spread
Q4 2026 900.50 778.00 122.50
Q3 2026 810.00 642.50 167.50
Q2 2026 856.50 713.50 143.00
Q1 2026 639.00 548.50 90.50
Q4 2025 483.00 417.00 66.50
Q3 2025 537.00 455.00 82.50
Q2 2025 538.00 468.00 70.00
Q1 2025 585.50 506.00 79.50

Quarterly Averages (Distillates)

Quarter MGO
Q4 2026 1,518.50
Q3 2026 1,368.50
Q2 2026 1,404.50
Q1 2026 979.00
Q4 2025 757.50
Q3 2025 762.00
Q2 2025 724.00
Q1 2025 774.50

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 HSFO
2026 Q4 927 1,504 772
Full Year 2026 827 1,343 689
2027 Q1 806 1,308 671
2027 Q2 756 1,227 630
2027 Q3 705 1,144 587
2027 Q4 653 1,060 544
Full Year 2027 728 1,182 607

About Average Prices

Global Average Bunker Price is the linear average of all Ship & Bunker price indications for each fuel grade on a given day.

Global 4 Ports Average is, for each grade of fuel, the linear average of Singapore, Rotterdam, Fujairah, and Houston, which together represents approximately 25% of global bunker volumes.

Global 20 Ports Average is, for each grade, the linear average of the following 20 major global bunkering ports, that together are responsible for a significant proportion of global volumes: Busan, Colombo, Durban, Fujairah, Gibraltar, Hong Kong, Houston, Istanbul, LA/Long Beach, Las Palmas, Mumbai, New York, Panama, Piraeus, Rotterdam, Santos, Shanghai, Singapore, St Petersburg, Tokyo.

All prices are quoted in USD $ per metric tonne.

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.