Global 4 Ports Average

AV G04
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
Mon, Oct 26 896.00 ▲ 14.00 745.00 ▲ 9.00 1,491.50 ▼ 5.00 150.50 ▲ 5.00
Fri, Oct 23 882.00 ▲ 13.50 736.00 ▲ 13.00 1,496.50 ▲ 9.50 145.50 ▶ 0.00
Thu, Oct 22 868.50 ▲ 6.00 723.00 ▲ 7.00 1,487.00 ▲ 6.50 145.50 ▼ 0.50
Wed, Oct 21 862.50 ▼ 3.00 716.00 ▼ 15.50 1,480.50 ▼ 11.00 146.00 ▲ 12.00
Tue, Oct 20 865.50 ▲ 4.50 731.50 ▼ 3.50 1,491.50 ▲ 61.00 134.00 ▲ 8.00
Mon, Oct 19 861.00 ▲ 14.00 735.00 ▲ 16.50 1,430.50 ▲ 21.50 126.00 ▼ 2.50
Fri, Oct 16 847.00 ▲ 2.00 718.50 ▲ 4.50 1,409.00 ▼ 42.00 128.50 ▼ 3.00
Thu, Oct 15 845.00 ▼ 7.50 714.00 ▼ 1.00 1,451.00 ▼ 15.00 131.50 ▼ 6.00
Wed, Oct 14 852.50 ▲ 4.00 715.00 ▲ 12.50 1,466.00 ▲ 34.50 137.50 ▼ 9.00
Tue, Oct 13 848.50 ▲ 9.00 702.50 ▲ 8.50 1,431.50 ▲ 10.00 146.50 ▲ 1.00
Mon, Oct 12 839.50 ▲ 6.00 694.00 ▲ 5.00 1,421.50 ▼ 21.00 145.50 ▲ 1.00
Fri, Oct 9 833.50 ▼ 12.50 689.00 ▼ 4.00 1,442.50 ▼ 17.50 144.50 ▼ 8.50
Thu, Oct 8 846.00 ▲ 14.50 693.00 ▲ 30.00 1,460.00 ▲ 42.00 153.00 ▼ 15.50
Wed, Oct 7 831.50 ▲ 7.00 663.00 ▲ 5.00 1,418.00 ▲ 10.50 168.50 ▲ 2.50

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
Mon, Oct 26 1,063.50 ▼ 5.00
Fri, Oct 23 1,068.50 ▲ 20.00
Thu, Oct 22 1,048.50 ▼ 4.00
Wed, Oct 21 1,052.50 ▲ 13.50
Tue, Oct 20 1,039.00 ▼ 4.50
Mon, Oct 19 1,043.50 ▲ 7.00
Fri, Oct 16 1,036.50 ▼ 0.50
Thu, Oct 15 1,037.00 ▼ 2.50
Wed, Oct 14 1,039.50 ▲ 215.00
Tue, Oct 13 824.50 ▼ 277.50
Mon, Oct 12 1,102.00 ▼ 1.50
Fri, Oct 9 1,103.50 ▲ 13.50
Thu, Oct 8 1,090.00 ▼ 1.50
Wed, Oct 7 1,091.50 ▼ 7.00

Quarterly Averages (Conventional Bunkers)

Quarter VLSFO HSFO MGO Scrubber Spread
Q4 2026 847.50 699.00 1,449.50 148.50
Q3 2026 756.50 575.00 1,287.00 181.50
Q2 2026 802.50 633.00 1,262.00 169.00
Q1 2026 584.50 497.00 917.50 87.50
Q4 2025 438.50 372.00 683.00 66.50
Q3 2025 496.50 414.00 693.50 82.50
Q2 2025 493.50 429.00 653.50 64.50
Q1 2025 549.50 471.50 707.50 78.00

Quarterly Averages (Alternative Bunker Fuels)

Quarter Biofuel
Q4 2026 1,054.50
Q3 2026 1,061.50
Q2 2026 1,036.00
Q1 2026 856.50
Q4 2025 708.50
Q3 2025 741.50
Q2 2025 754.50
Q1 2025 798.50

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 HSFO
2026 Q4 816 1,302 658
Full Year 2026 751 1,198 605
2027 Q1 740 1,180 596
2027 Q2 678 1,082 547
2027 Q3 624 995 503
2027 Q4 576 920 465
Full Year 2027 653 1,042 526

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.