Gibraltar

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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 4 Nov 4Wed	789.50 ▼ 3.50 857.50 – 763.00 (94.50)	675.50 ▼ 22.50 710.00 – 655.00 (55.00)	1,495.50 ▼ 18.00 1,544.00 – 1,448.00 (96.00)	1,495.50 ▼ 18.00 1,544.00 – 1,448.00 (96.00)	114.00 ▲ 19.00
Tue, Nov 3 Nov 3Tue	793.00 ▼ 18.00 858.00 – 745.00 (113.00)	698.00 ▼ 33.00 718.00 – 682.00 (36.00)	1,513.50 ▼ 1.50 1,561.00 – 1,477.00 (84.00)	1,513.50 ▼ 1.50 1,561.00 – 1,477.00 (84.00)	95.00 ▲ 15.00
Mon, Nov 2 Nov 2Mon	811.00 ▼ 8.50 878.50 – 765.00 (113.50)	731.00 ▼ 26.00 753.00 – 707.00 (46.00)	1,515.00 ▼ 14.50 1,562.50 – 1,480.00 (82.50)	1,515.00 ▼ 14.50 1,562.50 – 1,480.00 (82.50)	80.00 ▲ 17.00
Fri, Oct 30 Oct 30Fri	819.50 ▼ 1.50 889.00 – 793.00 (96.00)	757.00 ▲ 7.00 762.00 – 748.00 (14.00)	1,529.50 ▼ 16.00 1,581.00 – 1,510.00 (71.00)	1,529.50 ▼ 16.00 1,581.00 – 1,510.00 (71.00)	63.00 ▼ 8.00
Thu, Oct 29 Oct 29Thu	821.00 ▲ 6.00 888.00 – 788.00 (100.00)	750.00 ▼ 0.50 765.00 – 735.00 (30.00)	1,545.50 ▶ 0.00 1,601.50 – 1,500.00 (101.50)	1,545.50 ▶ 0.00 1,601.50 – 1,500.00 (101.50)	71.00 ▲ 6.50
Wed, Oct 28 Oct 28Wed	815.00 ▲ 12.50 877.50 – 748.00 (129.50)	750.50 ▲ 8.00 765.00 – 718.00 (47.00)	1,545.50 ▼ 6.50 1,600.00 – 1,497.00 (103.00)	1,545.50 ▼ 6.50 1,600.00 – 1,497.00 (103.00)	64.50 ▲ 4.50
Tue, Oct 27 Oct 27Tue	802.50 ▼ 1.00 872.00 – 750.00 (122.00)	742.50 ▼ 7.00 770.00 – 716.00 (54.00)	1,552.00 ▼ 9.00 1,602.00 – 1,502.00 (100.00)	1,552.00 ▼ 9.00 1,602.00 – 1,502.00 (100.00)	60.00 ▲ 6.00
Mon, Oct 26 Oct 26Mon	803.50 ▲ 10.00 870.00 – 775.00 (95.00)	749.50 ▲ 6.50 765.00 – 730.00 (35.00)	1,561.00 ▲ 3.50 1,603.00 – 1,527.50 (75.50)	1,561.00 ▲ 3.50 1,603.00 – 1,527.50 (75.50)	54.00 ▲ 4.00
Fri, Oct 23 Oct 23Fri	793.50 ▲ 14.00 805.00 – 775.00 (30.00)	743.00 ▲ 9.00 755.00 – 721.50 (33.50)	1,557.50 ▲ 39.50 1,595.00 – 1,520.00 (75.00)	1,557.50 ▲ 39.50 1,595.00 – 1,520.00 (75.00)	50.00 ▲ 4.50
Thu, Oct 22 Oct 22Thu	779.50 ▼ 0.50 789.00 – 772.00 (17.00)	734.00 ▲ 14.50 742.00 – 712.00 (30.00)	1,518.00 ▼ 22.50 1,560.00 – 1,474.00 (86.00)	1,518.00 ▼ 22.50 1,560.00 – 1,474.00 (86.00)	45.50 ▼ 15.00
Wed, Oct 21 Oct 21Wed	780.00 ▼ 3.50 799.00 – 770.00 (29.00)	719.50 ▼ 6.50 727.00 – 713.00 (14.00)	1,540.50 ▲ 5.00 1,583.00 – 1,500.00 (83.00)	1,540.50 ▲ 5.00 1,583.00 – 1,500.00 (83.00)	60.50 ▲ 2.50
Tue, Oct 20 Oct 20Tue	783.50 ▲ 14.00 796.00 – 773.00 (23.00)	726.00 ▼ 5.00 742.00 – 715.00 (27.00)	1,535.50 ▲ 19.50 1,580.00 – 1,485.00 (95.00)	1,535.50 ▲ 19.50 1,580.00 – 1,485.00 (95.00)	58.00 ▲ 19.50
Mon, Oct 19 Oct 19Mon	769.50 ▲ 11.50 780.00 – 760.00 (20.00)	731.00 ▲ 18.00 743.00 – 724.00 (19.00)	1,516.00 ▲ 1.50 1,553.00 – 1,460.00 (93.00)	1,516.00 ▲ 1.50 1,553.00 – 1,460.00 (93.00)	38.50 ▼ 6.50
Fri, Oct 16 Oct 16Fri	758.00 ▲ 13.00 770.00 – 741.00 (29.00)	713.00 ▲ 1.00 730.00 – 696.00 (34.00)	1,514.50 ▼ 10.00 1,550.00 – 1,490.00 (60.00)	1,514.50 ▼ 10.00 1,550.00 – 1,490.00 (60.00)	45.00 ▲ 12.00

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 4 Nov 4Wed	789.50 ▼ 3.50 857.50 – 763.00 (94.50)	675.50 ▼ 22.50 710.00 – 655.00 (55.00)	114.00 ▲ 19.00
Tue, Nov 3 Nov 3Tue	793.00 ▼ 18.00 858.00 – 745.00 (113.00)	698.00 ▼ 33.00 718.00 – 682.00 (36.00)	95.00 ▲ 15.00
Mon, Nov 2 Nov 2Mon	811.00 ▼ 8.50 878.50 – 765.00 (113.50)	731.00 ▼ 26.00 753.00 – 707.00 (46.00)	80.00 ▲ 17.00
Fri, Oct 30 Oct 30Fri	819.50 ▼ 1.50 889.00 – 793.00 (96.00)	757.00 ▲ 7.00 762.00 – 748.00 (14.00)	63.00 ▼ 8.00
Thu, Oct 29 Oct 29Thu	821.00 ▲ 6.00 888.00 – 788.00 (100.00)	750.00 ▼ 0.50 765.00 – 735.00 (30.00)	71.00 ▲ 6.50
Wed, Oct 28 Oct 28Wed	815.00 ▲ 12.50 877.50 – 748.00 (129.50)	750.50 ▲ 8.00 765.00 – 718.00 (47.00)	64.50 ▲ 4.50
Tue, Oct 27 Oct 27Tue	802.50 ▼ 1.00 872.00 – 750.00 (122.00)	742.50 ▼ 7.00 770.00 – 716.00 (54.00)	60.00 ▲ 6.00
Mon, Oct 26 Oct 26Mon	803.50 ▲ 10.00 870.00 – 775.00 (95.00)	749.50 ▲ 6.50 765.00 – 730.00 (35.00)	54.00 ▲ 4.00
Fri, Oct 23 Oct 23Fri	793.50 ▲ 14.00 805.00 – 775.00 (30.00)	743.00 ▲ 9.00 755.00 – 721.50 (33.50)	50.00 ▲ 4.50
Thu, Oct 22 Oct 22Thu	779.50 ▼ 0.50 789.00 – 772.00 (17.00)	734.00 ▲ 14.50 742.00 – 712.00 (30.00)	45.50 ▼ 15.00
Wed, Oct 21 Oct 21Wed	780.00 ▼ 3.50 799.00 – 770.00 (29.00)	719.50 ▼ 6.50 727.00 – 713.00 (14.00)	60.50 ▲ 2.50
Tue, Oct 20 Oct 20Tue	783.50 ▲ 14.00 796.00 – 773.00 (23.00)	726.00 ▼ 5.00 742.00 – 715.00 (27.00)	58.00 ▲ 19.50
Mon, Oct 19 Oct 19Mon	769.50 ▲ 11.50 780.00 – 760.00 (20.00)	731.00 ▲ 18.00 743.00 – 724.00 (19.00)	38.50 ▼ 6.50
Fri, Oct 16 Oct 16Fri	758.00 ▲ 13.00 770.00 – 741.00 (29.00)	713.00 ▲ 1.00 730.00 – 696.00 (34.00)	45.00 ▲ 12.00

Latest Prices (Distillates)

Date	LSMGO	MGO
Wed, Nov 4 Nov 4Wed	1,495.50 ▼ 18.00 1,544.00 – 1,448.00 (96.00)	1,495.50 ▼ 18.00 1,544.00 – 1,448.00 (96.00)
Tue, Nov 3 Nov 3Tue	1,513.50 ▼ 1.50 1,561.00 – 1,477.00 (84.00)	1,513.50 ▼ 1.50 1,561.00 – 1,477.00 (84.00)
Mon, Nov 2 Nov 2Mon	1,515.00 ▼ 14.50 1,562.50 – 1,480.00 (82.50)	1,515.00 ▼ 14.50 1,562.50 – 1,480.00 (82.50)
Fri, Oct 30 Oct 30Fri	1,529.50 ▼ 16.00 1,581.00 – 1,510.00 (71.00)	1,529.50 ▼ 16.00 1,581.00 – 1,510.00 (71.00)
Thu, Oct 29 Oct 29Thu	1,545.50 ▶ 0.00 1,601.50 – 1,500.00 (101.50)	1,545.50 ▶ 0.00 1,601.50 – 1,500.00 (101.50)
Wed, Oct 28 Oct 28Wed	1,545.50 ▼ 6.50 1,600.00 – 1,497.00 (103.00)	1,545.50 ▼ 6.50 1,600.00 – 1,497.00 (103.00)
Tue, Oct 27 Oct 27Tue	1,552.00 ▼ 9.00 1,602.00 – 1,502.00 (100.00)	1,552.00 ▼ 9.00 1,602.00 – 1,502.00 (100.00)
Mon, Oct 26 Oct 26Mon	1,561.00 ▲ 3.50 1,603.00 – 1,527.50 (75.50)	1,561.00 ▲ 3.50 1,603.00 – 1,527.50 (75.50)
Fri, Oct 23 Oct 23Fri	1,557.50 ▲ 39.50 1,595.00 – 1,520.00 (75.00)	1,557.50 ▲ 39.50 1,595.00 – 1,520.00 (75.00)
Thu, Oct 22 Oct 22Thu	1,518.00 ▼ 22.50 1,560.00 – 1,474.00 (86.00)	1,518.00 ▼ 22.50 1,560.00 – 1,474.00 (86.00)
Wed, Oct 21 Oct 21Wed	1,540.50 ▲ 5.00 1,583.00 – 1,500.00 (83.00)	1,540.50 ▲ 5.00 1,583.00 – 1,500.00 (83.00)
Tue, Oct 20 Oct 20Tue	1,535.50 ▲ 19.50 1,580.00 – 1,485.00 (95.00)	1,535.50 ▲ 19.50 1,580.00 – 1,485.00 (95.00)
Mon, Oct 19 Oct 19Mon	1,516.00 ▲ 1.50 1,553.00 – 1,460.00 (93.00)	1,516.00 ▲ 1.50 1,553.00 – 1,460.00 (93.00)
Fri, Oct 16 Oct 16Fri	1,514.50 ▼ 10.00 1,550.00 – 1,490.00 (60.00)	1,514.50 ▼ 10.00 1,550.00 – 1,490.00 (60.00)

Latest Prices (Alternative Bunker Fuels)

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

Date	Biofuel
Wed, Nov 4 Nov 4Wed	970.00 ▼ 20.00
Tue, Nov 3 Nov 3Tue	990.00 ▼ 16.00
Mon, Nov 2 Nov 2Mon	1,006.00 ▼ 4.00
Fri, Oct 30 Oct 30Fri	1,010.00 ▲ 3.00
Thu, Oct 29 Oct 29Thu	1,007.00 ▲ 17.00
Wed, Oct 28 Oct 28Wed	990.00 ▼ 16.00
Tue, Oct 27 Oct 27Tue	1,006.00 ▲ 2.00
Mon, Oct 26 Oct 26Mon	1,004.00 ▼ 2.00
Fri, Oct 23 Oct 23Fri	1,006.00 ▲ 7.00
Thu, Oct 22 Oct 22Thu	999.00 ▲ 1.00
Wed, Oct 21 Oct 21Wed	998.00 ▲ 8.00
Tue, Oct 20 Oct 20Tue	990.00 ▲ 5.00
Mon, Oct 19 Oct 19Mon	985.00 ▼ 10.00
Fri, Oct 16 Oct 16Fri	995.00 ▲ 5.00

Latest Prices (Alternative Bunker Fuels)

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

Date	Biofuel
Wed, Nov 4 Nov 4Wed	970.00 ▼ 20.00
Tue, Nov 3 Nov 3Tue	990.00 ▼ 16.00
Mon, Nov 2 Nov 2Mon	1,006.00 ▼ 4.00
Fri, Oct 30 Oct 30Fri	1,010.00 ▲ 3.00
Thu, Oct 29 Oct 29Thu	1,007.00 ▲ 17.00
Wed, Oct 28 Oct 28Wed	990.00 ▼ 16.00
Tue, Oct 27 Oct 27Tue	1,006.00 ▲ 2.00
Mon, Oct 26 Oct 26Mon	1,004.00 ▼ 2.00
Fri, Oct 23 Oct 23Fri	1,006.00 ▲ 7.00
Thu, Oct 22 Oct 22Thu	999.00 ▲ 1.00
Wed, Oct 21 Oct 21Wed	998.00 ▲ 8.00
Tue, Oct 20 Oct 20Tue	990.00 ▲ 5.00
Mon, Oct 19 Oct 19Mon	985.00 ▼ 10.00
Fri, Oct 16 Oct 16Fri	995.00 ▲ 5.00

Quarterly Averages (Conventional Bunkers)

Quarter	VLSFO	HSFO	LSMGO	MGO	Scrubber Spread
Q4 2026	768.00	717.50	1,526.00	1,526.00	50.50
Q3 2026	695.00	594.00	1,354.50	1,354.50	101.50
Q2 2026	737.00	666.00	1,277.00	1,277.00	71.00
Q1 2026	575.00	522.00	937.50	937.00	53.50
Q4 2025	453.50	419.50	724.50	724.50	34.00
Q3 2025	518.50	465.50	742.50	742.50	53.00
Q2 2025	519.50	476.50	705.50	705.50	43.00
Q1 2025	559.00	509.50	749.00	749.00	50.00

Quarterly Averages (Fuel Oil Bunkers)

Quarter	VLSFO	HSFO	Scrubber Spread
Q4 2026	768.00	717.50	50.50
Q3 2026	695.00	594.00	101.50
Q2 2026	737.00	666.00	71.00
Q1 2026	575.00	522.00	53.50
Q4 2025	453.50	419.50	34.00
Q3 2025	518.50	465.50	53.00
Q2 2025	519.50	476.50	43.00
Q1 2025	559.00	509.50	50.00

Quarterly Averages (Distillates)

Quarter	LSMGO	MGO
Q4 2026	1,526.00	1,526.00
Q3 2026	1,354.50	1,354.50
Q2 2026	1,277.00	1,277.00
Q1 2026	937.50	937.00
Q4 2025	724.50	724.50
Q3 2025	742.50	742.50
Q2 2025	705.50	705.50
Q1 2025	749.00	749.00

Quarterly Averages (Alternative Bunker Fuels)

Quarter	Biofuel
Q4 2026	974.00
Q3 2026	944.50
Q2 2026	945.50
Q1 2026	798.00
Q4 2025	765.50
Q3 2025	771.50
Q2 2025	792.50
Q1 2025	812.50

Quarterly Averages (Alternative Bunker Fuels)

Quarter	Biofuel
Q4 2026	974.00
Q3 2026	944.50
Q2 2026	945.50
Q1 2026	798.00
Q4 2025	765.50
Q3 2025	771.50
Q2 2025	792.50
Q1 2025	812.50

Forecast

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

Period	VLSFO	MGO	LSMGO	HSFO
2026 Q4	784	1,351	1,351	701
Full Year 2026	721	1,243	1,243	645
2027 Q1	710	1,225	1,225	635
2027 Q2	651	1,123	1,123	582
2027 Q3	599	1,033	1,033	536
2027 Q4	554	954	954	495
Full Year 2027	627	1,081	1,081	560

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.