Global bunker prices continued to decline during Week 24, 2026, as a temporary stabilization of the geopolitical situation in the Middle East eased concerns over possible supply disruptions. Bearish sentiment remained dominant, with bunker prices extending losses at a moderate pace.
The 380 HSFO index fell by USD 29.84 to USD 695.38/MT, dropping below the psychological USD 700 level. VLSFO also moved lower, decreasing by USD 23.30 to USD 852.31/MT, while MGO LS recorded the steepest weekly decline, falling by USD 36.78 to USD 1,275.99/MT.
The global HSFO–VLSFO scrubber spread widened moderately to USD 156.93, remaining well above the USD 100 breakeven level. Singapore saw a sharp increase in its spread, while Rotterdam moved in the opposite direction and stayed below USD 100, highlighting mixed regional dynamics.
ECA spreads also remained volatile, with Istanbul narrowing to USD 50 after briefly reaching USD 100 during the week. Meanwhile, European gas storage levels continued to rise, though inventories stayed below seasonal averages.
LNG bunker fuel in Sines rose sharply to USD 1,189/MT, moving to a small premium over MGO LS for the first time since late March.
Looking ahead, MABUX expects mixed bunker fuel price dynamics to continue next week as markets respond to geopolitical developments and energy price volatility.
Source: MABUX
