Antwerp

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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
Mon, Nov 9 Nov 9Mon	736.50 ▲ 6.00 770.00 – 705.00 (65.00)	578.00 ▼ 1.50 608.50 – 560.00 (48.50)	1,338.50 ▼ 2.50 1,420.00 – 1,260.00 (160.00)	1,338.50 ▼ 2.50 1,420.00 – 1,260.00 (160.00)	159.00 ▲ 7.50
Fri, Nov 6 Nov 6Fri	730.50 ▲ 16.50 770.00 – 690.00 (80.00)	579.50 ▲ 32.50 610.00 – 560.00 (50.00)	1,341.00 ▲ 26.50 1,420.00 – 1,260.00 (160.00)	1,341.00 ▲ 26.50 1,420.00 – 1,260.00 (160.00)	151.50 ▼ 15.00
Thu, Nov 5 Nov 5Thu	714.00 ▼ 30.50 770.00 – 666.00 (104.00)	547.00 ▼ 60.50 549.00 – 544.50 (4.50)	1,314.50 ▼ 81.00 1,420.00 – 1,238.00 (182.00)	1,314.50 ▼ 81.00 1,420.00 – 1,238.00 (182.00)	166.50 ▲ 29.50
Wed, Nov 4 Nov 4Wed	744.50 ▼ 11.00 785.00 – 713.00 (72.00)	607.50 ▼ 28.50 623.00 – 595.00 (28.00)	1,395.50 ▲ 10.50 1,470.00 – 1,340.00 (130.00)	1,395.50 ▲ 10.50 1,470.00 – 1,340.00 (130.00)	137.00 ▲ 17.50
Tue, Nov 3 Nov 3Tue	755.50 ▼ 2.00 785.00 – 724.00 (61.00)	636.00 ▼ 31.50 649.00 – 628.50 (20.50)	1,385.00 ▼ 11.00 1,470.00 – 1,316.50 (153.50)	1,385.00 ▼ 11.00 1,470.00 – 1,316.50 (153.50)	119.50 ▲ 29.50
Mon, Nov 2 Nov 2Mon	757.50 ▼ 19.50 785.00 – 727.00 (58.00)	667.50 ▼ 33.50 675.00 – 660.00 (15.00)	1,396.00 ▼ 23.50 1,470.00 – 1,330.00 (140.00)	1,396.00 ▼ 23.50 1,470.00 – 1,330.00 (140.00)	90.00 ▲ 14.00
Fri, Oct 30 Oct 30Fri	777.00 ▲ 22.50 790.00 – 753.00 (37.00)	701.00 ▲ 21.00 715.00 – 690.00 (25.00)	1,419.50 ▲ 19.00 1,470.00 – 1,375.00 (95.00)	1,419.50 ▲ 19.00 1,470.00 – 1,375.00 (95.00)	76.00 ▲ 1.50
Thu, Oct 29 Oct 29Thu	754.50 ▲ 9.50 772.00 – 725.00 (47.00)	680.00 ▲ 5.50 695.00 – 660.00 (35.00)	1,400.50 ▲ 4.00 1,433.50 – 1,375.00 (58.50)	1,400.50 ▲ 4.00 1,433.50 – 1,375.00 (58.50)	74.50 ▲ 4.00
Wed, Oct 28 Oct 28Wed	745.00 ▼ 12.50 762.50 – 717.00 (45.50)	674.50 ▼ 5.50 697.00 – 647.00 (50.00)	1,396.50 ▼ 40.50 1,429.50 – 1,367.00 (62.50)	1,396.50 ▼ 40.50 1,429.50 – 1,367.00 (62.50)	70.50 ▼ 7.50
Tue, Oct 27 Oct 27Tue	757.50 ▲ 1.00 775.00 – 731.00 (44.00)	680.00 ▼ 10.50 699.50 – 641.00 (58.50)	1,437.00 ▲ 6.00 1,470.00 – 1,387.00 (83.00)	1,437.00 ▲ 6.00 1,470.00 – 1,387.00 (83.00)	78.00 ▲ 11.50
Mon, Oct 26 Oct 26Mon	756.50 ▼ 0.50 770.00 – 740.00 (30.00)	690.50 ▲ 5.00 710.00 – 676.00 (34.00)	1,431.00 ▼ 6.50 1,450.00 – 1,410.00 (40.00)	1,431.00 ▼ 6.50 1,450.00 – 1,410.00 (40.00)	66.50 ▼ 5.50
Fri, Oct 23 Oct 23Fri	757.00 ▲ 4.50 765.00 – 745.00 (20.00)	685.50 ▲ 23.50 696.00 – 680.00 (16.00)	1,437.50 ▲ 12.50 1,450.00 – 1,422.00 (28.00)	1,437.50 ▲ 12.50 1,450.00 – 1,422.00 (28.00)	72.00 ▼ 18.50
Thu, Oct 22 Oct 22Thu	752.50 ▲ 7.00 765.00 – 741.50 (23.50)	662.00 ▲ 8.00 665.00 – 658.00 (7.00)	1,425.00 ▲ 7.50 1,450.00 – 1,395.00 (55.00)	1,425.00 ▲ 7.50 1,450.00 – 1,395.00 (55.00)	90.50 ▼ 1.00
Wed, Oct 21 Oct 21Wed	745.50 ▼ 1.00 755.00 – 735.00 (20.00)	654.00 ▼ 9.00 662.00 – 650.00 (12.00)	1,417.50 ▲ 7.00 1,430.00 – 1,401.00 (29.00)	1,417.50 ▲ 7.00 1,430.00 – 1,401.00 (29.00)	91.50 ▲ 8.50

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
Mon, Nov 9 Nov 9Mon	736.50 ▲ 6.00 770.00 – 705.00 (65.00)	578.00 ▼ 1.50 608.50 – 560.00 (48.50)	159.00 ▲ 7.50
Fri, Nov 6 Nov 6Fri	730.50 ▲ 16.50 770.00 – 690.00 (80.00)	579.50 ▲ 32.50 610.00 – 560.00 (50.00)	151.50 ▼ 15.00
Thu, Nov 5 Nov 5Thu	714.00 ▼ 30.50 770.00 – 666.00 (104.00)	547.00 ▼ 60.50 549.00 – 544.50 (4.50)	166.50 ▲ 29.50
Wed, Nov 4 Nov 4Wed	744.50 ▼ 11.00 785.00 – 713.00 (72.00)	607.50 ▼ 28.50 623.00 – 595.00 (28.00)	137.00 ▲ 17.50
Tue, Nov 3 Nov 3Tue	755.50 ▼ 2.00 785.00 – 724.00 (61.00)	636.00 ▼ 31.50 649.00 – 628.50 (20.50)	119.50 ▲ 29.50
Mon, Nov 2 Nov 2Mon	757.50 ▼ 19.50 785.00 – 727.00 (58.00)	667.50 ▼ 33.50 675.00 – 660.00 (15.00)	90.00 ▲ 14.00
Fri, Oct 30 Oct 30Fri	777.00 ▲ 22.50 790.00 – 753.00 (37.00)	701.00 ▲ 21.00 715.00 – 690.00 (25.00)	76.00 ▲ 1.50
Thu, Oct 29 Oct 29Thu	754.50 ▲ 9.50 772.00 – 725.00 (47.00)	680.00 ▲ 5.50 695.00 – 660.00 (35.00)	74.50 ▲ 4.00
Wed, Oct 28 Oct 28Wed	745.00 ▼ 12.50 762.50 – 717.00 (45.50)	674.50 ▼ 5.50 697.00 – 647.00 (50.00)	70.50 ▼ 7.50
Tue, Oct 27 Oct 27Tue	757.50 ▲ 1.00 775.00 – 731.00 (44.00)	680.00 ▼ 10.50 699.50 – 641.00 (58.50)	78.00 ▲ 11.50
Mon, Oct 26 Oct 26Mon	756.50 ▼ 0.50 770.00 – 740.00 (30.00)	690.50 ▲ 5.00 710.00 – 676.00 (34.00)	66.50 ▼ 5.50
Fri, Oct 23 Oct 23Fri	757.00 ▲ 4.50 765.00 – 745.00 (20.00)	685.50 ▲ 23.50 696.00 – 680.00 (16.00)	72.00 ▼ 18.50
Thu, Oct 22 Oct 22Thu	752.50 ▲ 7.00 765.00 – 741.50 (23.50)	662.00 ▲ 8.00 665.00 – 658.00 (7.00)	90.50 ▼ 1.00
Wed, Oct 21 Oct 21Wed	745.50 ▼ 1.00 755.00 – 735.00 (20.00)	654.00 ▼ 9.00 662.00 – 650.00 (12.00)	91.50 ▲ 8.50

Latest Prices (Distillates)

Date	LSMGO	MGO
Mon, Nov 9 Nov 9Mon	1,338.50 ▼ 2.50 1,420.00 – 1,260.00 (160.00)	1,338.50 ▼ 2.50 1,420.00 – 1,260.00 (160.00)
Fri, Nov 6 Nov 6Fri	1,341.00 ▲ 26.50 1,420.00 – 1,260.00 (160.00)	1,341.00 ▲ 26.50 1,420.00 – 1,260.00 (160.00)
Thu, Nov 5 Nov 5Thu	1,314.50 ▼ 81.00 1,420.00 – 1,238.00 (182.00)	1,314.50 ▼ 81.00 1,420.00 – 1,238.00 (182.00)
Wed, Nov 4 Nov 4Wed	1,395.50 ▲ 10.50 1,470.00 – 1,340.00 (130.00)	1,395.50 ▲ 10.50 1,470.00 – 1,340.00 (130.00)
Tue, Nov 3 Nov 3Tue	1,385.00 ▼ 11.00 1,470.00 – 1,316.50 (153.50)	1,385.00 ▼ 11.00 1,470.00 – 1,316.50 (153.50)
Mon, Nov 2 Nov 2Mon	1,396.00 ▼ 23.50 1,470.00 – 1,330.00 (140.00)	1,396.00 ▼ 23.50 1,470.00 – 1,330.00 (140.00)
Fri, Oct 30 Oct 30Fri	1,419.50 ▲ 19.00 1,470.00 – 1,375.00 (95.00)	1,419.50 ▲ 19.00 1,470.00 – 1,375.00 (95.00)
Thu, Oct 29 Oct 29Thu	1,400.50 ▲ 4.00 1,433.50 – 1,375.00 (58.50)	1,400.50 ▲ 4.00 1,433.50 – 1,375.00 (58.50)
Wed, Oct 28 Oct 28Wed	1,396.50 ▼ 40.50 1,429.50 – 1,367.00 (62.50)	1,396.50 ▼ 40.50 1,429.50 – 1,367.00 (62.50)
Tue, Oct 27 Oct 27Tue	1,437.00 ▲ 6.00 1,470.00 – 1,387.00 (83.00)	1,437.00 ▲ 6.00 1,470.00 – 1,387.00 (83.00)
Mon, Oct 26 Oct 26Mon	1,431.00 ▼ 6.50 1,450.00 – 1,410.00 (40.00)	1,431.00 ▼ 6.50 1,450.00 – 1,410.00 (40.00)
Fri, Oct 23 Oct 23Fri	1,437.50 ▲ 12.50 1,450.00 – 1,422.00 (28.00)	1,437.50 ▲ 12.50 1,450.00 – 1,422.00 (28.00)
Thu, Oct 22 Oct 22Thu	1,425.00 ▲ 7.50 1,450.00 – 1,395.00 (55.00)	1,425.00 ▲ 7.50 1,450.00 – 1,395.00 (55.00)
Wed, Oct 21 Oct 21Wed	1,417.50 ▲ 7.00 1,430.00 – 1,401.00 (29.00)	1,417.50 ▲ 7.00 1,430.00 – 1,401.00 (29.00)

Quarterly Averages (Conventional Bunkers)

Quarter	VLSFO	HSFO	LSMGO	MGO	Scrubber Spread
Q4 2026	727.50	635.50	1,385.50	1,385.50	92.00
Q3 2026	658.50	536.00	1,242.00	1,242.00	122.50
Q2 2026	696.50	605.50	1,146.00	1,146.00	91.00
Q1 2026	527.00	480.00	832.50	832.50	47.00
Q4 2025	420.00	380.50	669.50	669.50	39.50
Q3 2025	483.50	419.00	683.50	683.50	64.50
Q2 2025	472.00	427.00	631.00	631.00	45.00
Q1 2025	528.00	456.00	669.50	669.50	72.00

Quarterly Averages (Fuel Oil Bunkers)

Quarter	VLSFO	HSFO	Scrubber Spread
Q4 2026	727.50	635.50	92.00
Q3 2026	658.50	536.00	122.50
Q2 2026	696.50	605.50	91.00
Q1 2026	527.00	480.00	47.00
Q4 2025	420.00	380.50	39.50
Q3 2025	483.50	419.00	64.50
Q2 2025	472.00	427.00	45.00
Q1 2025	528.00	456.00	72.00

Quarterly Averages (Distillates)

Quarter	LSMGO	MGO
Q4 2026	1,385.50	1,385.50
Q3 2026	1,242.00	1,242.00
Q2 2026	1,146.00	1,146.00
Q1 2026	832.50	832.50
Q4 2025	669.50	669.50
Q3 2025	683.50	683.50
Q2 2025	631.00	631.00
Q1 2025	669.50	669.50

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	733	1,228	1,228	637
Full Year 2026	674	1,130	1,130	586
2027 Q1	664	1,113	1,113	578
2027 Q2	609	1,021	1,021	530
2027 Q3	560	939	939	487
2027 Q4	518	867	867	450
Full Year 2027	586	982	982	510

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.