Global bunker prices continued to move higher this week as the bunker market remained volatile amid the escalating conflict in the Middle East, which has disrupted supply chains and tightened fuel availability across major hubs. Prices showed signs of stabilising near recent highs, but uncertainty remains elevated.
The 380 HSFO Index rose by USD 9.55 to USD 790.51/MT, while the VLSFO Index increased by USD 15.64 to USD 949.88/MT. MGO LS posted the strongest gain, rising by USD 28.21 to USD 1,609.79/MT, marking a new all-time high in the MABUX data series.
The global scrubber spread widened by USD 6.09 to USD 159.37. Rotterdam’s spread was unchanged at USD 50.00, while Singapore’s increased to USD 162.00 after peaking at USD 193.00 during the week. Ongoing volatility is still preventing a stable trend from forming in scrubber economics.
Regional dynamics remained mixed. The Istanbul ECA Spread ended the week unchanged at USD 100.00, although it briefly spiked higher. At the same time, bunker shortages and supply tightness continued to weigh on sentiment across key ports.
In the wider energy market, European gas prices remain sensitive to geopolitical risk. TTF gas ended Week 14 lower at EUR 49.70/MWh, while LNG bunker prices at Sines fell sharply by USD 152 to USD 1,312/MT.
The bunker market is expected to remain supported by supply pressure and geopolitical uncertainty in the near term, although sharp multidirectional fluctuations are likely to continue.
Source: MABUX
