Bunker market report
A short daily note on the board — where the spread is, and what it is worth on a real stem. Written from the prices on this site, not anyone else's wire.
Latest
2026-10-13The distillate-residual gap is the story on today's board. Rotterdam MGO at $1,374 against VLSFO at $715 is a $659/mt spread; Houston is $656.50 (1,419.50 vs 763) and Fujairah $727 (1,694.50 vs 967.50). Singapore, at $391.50 (1,281 vs 889.50), is the narrowest of the major hubs. Brent closed at $105.74/bbl, WTI at $92.95 — a $12.79 differential — with EUA at €88.34/t. Market attention this week is on diesel availability and the ULSD crack, on the Hormuz situation, and on Black Sea premiums in Russian shadow-fleet freight.
Earlier reports
- 2026-10-12Marine Fuel Daily — 12 October 2026
Rotterdam HSFO at $659/mt is the cheapest on the board; Fujairah HSFO at $711.50/mt. The spread is $52.50/mt. On a 1,200-tonne stem that is $63,000 of headline difference.
Read the report → - 2026-10-10Rotterdam lifts across the board while Hamburg and the Baltic slip; the Singapore premium is worth $216,000 on a 1,200-tonne stem — before you sail there
Rotterdam moved up on all three grades — HSFO +55 to $665, VLSFO +36 to $728, MGO +83.5 to $1,416.50 — while Hamburg went the other way (MGO -19.5 to $1,444.50, VLSFO -7 to $682.50) and the…
Read the report → - 2026-10-09MGO splits two ways; VLSFO spread Antwerp–Salvador worth $678k on a 1,200t stem
MGO moved in opposite directions today. The Baltic and Russian terminals all printed lower by a similar amount — Vysotsk −59.00 to $1,705.50, Primorsk −62.00 to $1,702.25, Ust-Luga −59.50 to…
Read the report → - 2026-10-08Strait arithmetic: $142.50/mt across three miles of water
Rotterdam VLSFO eased $13 to $682.50/mt while Singapore added $9.50 to $890, leaving the east-west gap at $207.50/mt — $249,000 on a 1,200 t stem.
Read the report → - 2026-10-07MGO gives ground in N Europe while VLSFO holds; Med VLSFO port spread worth running the deviation maths on
Brent $101.6/bbl, WTI $90.44, EUA €84.78/t. MGO came off across the ARA and Scandinavia — Rotterdam 1355.5 (-35.5), Hamburg 1338.5 (-50), Antwerp 1393 (-48), Skagen 1353.5 (-50) — while…
Read the report → - 2026-10-05HSFO splits from the board: Fujairah up $34.67 and Singapore up $29 while VLSFO falls at most ports
The grades moved in opposite directions today. HSFO rose at Fujairah (667.50, +34.67), Singapore (753.50, +29), Los Angeles (849.50, +48), Busan (890, +25), Norfolk (715, +25) and Port Louis…
Read the report → - 2026-10-03MGO softens across most of the board; VLSFO splits east and west
MGO fell at the majority of ports we track, with the sharpest cuts at Kingston (−145), New Orleans (−145), Vancouver (−105), Colombo (−105) and Tuticorin/Chennai (−90). Hamburg dropped 80.
Read the report → - 2026-09-30Americas distillates reset lower; Baltic VLSFO prints raise eyebrows
With Brent at $103.10 and WTI at $89.63, and EUAs at EUR 85.95/t, the biggest single-day moves on the board are in the western hemisphere.
Read the report → - 2026-09-28NW Europe MGO splits wide open; Brazil and US Atlantic stems reset lower
Crude sits at $106.32/bbl Brent and $93.46/bbl WTI, with EUAs at EUR 86.78/t. The split of the day is NW European distillate: Hamburg MGO printed 1804.25 (+339.25) while Rotterdam held at…
Read the report → - 2026-09-27Fuel board, 27 September 2026
Brent at $104.38/bbl, WTI $92.41, EUAs €86.78/t. MGO is doing the moving today: Hamburg printed $1,804.25 (+$339.25) against Rotterdam $1,418.50 (-$13.50), a spread of $385.75/mt — on a…
Read the report → - 2026-09-26Rotterdam-Singapore VLSFO spread at $189/mt; Fujairah HSFO jumps $48.18 while Brazil MGO falls over $120
Rotterdam VLSFO sits at $690/mt against Singapore at $879/mt, a spread of $189/mt. On a 1,200 tonne stem that is $226,800 of headline difference.
Read the report → - 2026-09-24Baltic VLSFO discount is real but grade-specific; Brazil resets lower; two suspect prints flagged
Brent 102.12, WTI 91.29, EUA 86.01. The Baltic VLSFO quotes are the cheapest on the board — Tallinn, Muuga and Klaipeda all 573, Liepaja and Ventspils 623 — against Rotterdam VLSFO at 697.
Read the report → - 2026-09-232026-09-23 — bunker note
The HSFO board is doing the work today. Fujairah HSFO at $584.86/mt against Singapore at $709/mt is a $124.14/mt spread — $148,968 on a 1,200 tonne stem.
Read the report → - 2026-09-21MGO at $1,482.50 in Rotterdam is the cheapest distillate on the board; the same grade at Augusta is $1,906.25 — a $423.75 spread that a 1,200-tonne stem prices at $508,500, more than a mid-size hull's daily running cost can claw back in a day.
Rotterdam MGO at $1,482.50 (down $30) sits below Houston at $1,481 (down $16.50) and New York at $1,648 (down $23.50).
Read the report → - 2026-09-20Rotterdam HSFO at $600.50 against Valencia MGO at $1,877: a $1,276.50 spread worth $1.53m on a 1,200t stem
The board is split in two. Western Mediterranean and Baltic MGO sits at $1,850-1,910 (Valencia $1,877, Augusta $1,906.25, Klaipeda $1,899.75) while Rotterdam MGO is $1,482.5 and Houston…
Read the report → - 2026-09-19Fujairah HSFO collapses below ARA on a split board; the Atlantic MGO spread buys you two deviation days at best
Fujairah HSFO is the outlier on a falling board: 600.69, down 154.81, which puts it below Rotterdam (616.5) and Antwerp (605.75) and well under Singapore (728).
Read the report → - 2026-09-17Rotterdam-Singapore VLSFO spread at $185.00/t; MGO moves dominate the board
Rotterdam VLSFO is the low on the board at $731.50/t (unchanged, +0.50), with Singapore at $916.50/t (+8.50) — a spread of $185.00/t.
Read the report → - 2026-09-16Middle East reprices; Baltic MGO jumps ~110 across the board
Fujairah moved hardest on the board: HSFO +87.5 to 769.5, VLSFO +72.87 to 987.5, MGO +221 to 1698.5. Every Baltic port did the same arithmetic on MGO — Baltiysk +275.5 to 1809.75, Ust-Luga…
Read the report → - 2026-09-15**15 September — Brent 107.08, WTI 102.89, EUA €87.99/t.** The board split. Rotterdam, Houston and Fujairah came off on every grade while Singapore and the Baltics went the other way. Rotterdam: VLSFO 708.38 (−21.62), HSFO 605.13 (−25.87), MGO 1363 (−109.50). Houston fell further: MGO −159 to 1320.50, VLSFO −41.33 to 756.17, HSFO −22.33 to 535.17 — the lowest move-confirmed HSFO print on the board. Fujairah MGO −131 to 1477.50. Against that, Singapore rose on all three grades — HSFO +83.90 to 766, MGO +161 to 1428, VLSFO +27.87 to 895 — and Baltiysk MGO added 275.50 to 1809.75, the largest move on the board. Qingdao VLSFO +163 to 932.25. Zhoushan MGO 1294 (−22) is the cheapest MGO print, 134 under Singapore (1428 − 1294).
The spread worth running the arithmetic on: Singapore VLSFO 895 against Rotterdam 708.38 is 186.62/mt, which on a 1,200 t stem is 223,944 of headline difference.
Read the report → - 2026-09-13Baltic MGO repricing drags the board higher; the cheap-VLSFO ports are the story
Baltic and northern European MGO repriced hard on Saturday: Baltiysk MGO +275.50 to $1,809.75/mt, Ventspils +111.75 to $1,859.75/mt, Klaipeda +109.75 to $1,856.75/mt, Riga +109 to…
Read the report → - 2026-09-12Board jumps across the barrel; Baltic MGO up ~110, Hormuz and Red Sea attention persists
Published grades moved up nearly everywhere, led by MGO in the Baltic (Tallinn +111.50 to 1855.75, Liepaja +109.75, Riga +109) and Baltiysk +275.50 to 1809.75.
Read the report → - 2026-09-11Baltic MGO premium balloons; Rotterdam still the cheap side of both grades
Northern European MGO ran up hard against Rotterdam today. Baltic ports quoted 1,859.75 (Ventspils) against Rotterdam's 1,408 — a spread of 451.75/mt.
Read the report → - 2026-09-10Baltic and North European MGO reprice sharply; VLSFO spread to the Med widens to $105/mt
The move of the day is MGO across the Baltic and North Sea: Baltiysk up $275.50 to $1,809.75, Valencia up $122 to $1,842.75, Wilhelmshaven up $112.25 to $1,848.75, Hamburg up $111.50 to…
Read the report → - 2026-09-09MGO premiums blow out across NW Europe and the Baltic; VLSFO diverges
MGO jumped over $100/mt at every Northern European posting on the board — Rotterdam +120 to $1,417, Hamburg +122 to $1,712.25, Bergen +126.75 to $1,703.75, Bremerhaven +126.75 to $1,650.75,…
Read the report → - 2026-09-08European MGO breaks away from Rotterdam; Baltic VLSFO quoted below ARA
Rotterdam MGO fell $58.50 to $1,297/mt while nearly every other European port moved the other way — Hamburg $1,712.25 (+$122), Bremerhaven $1,650.75 (+$126.75), Gothenburg $1,608.25 (+$126),…
Read the report → - 2026-09-07Baltic MGO jumps $120+; Singapore slips
Baltic and Russian Baltic MGO moved up $120–124/mt across Ventspils, Riga, Klaipeda, Muuga, Tallinn, Liepaja, Ust-Luga, St.
Read the report → - 2026-09-06Baltic MGO jumps $120+; VLSFO holds
Baltic and Russian MGO prices jumped $120-124/mt across Vysotsk, Tallinn, Muuga, Primorsk, Ust-Luga, Kaliningrad, St.
Read the report → - 2026-09-05MGO splits from VLSFO across North Europe; Rotterdam still the cheap VLSFO
Brent $95.85/bbl, WTI $91.22, EUA €84.18/t. The day's story is MGO moving without VLSFO. The Baltic–North Sea band printed +119 to +127 on MGO — Bergen 1703.75 (+126.75), Bremerhaven 1650.75…
Read the report → - 2026-09-04MGO jumps across Europe and the Americas; VLSFO mostly firmer; HSFO mixed
MGO moved up across most of the board today, with the largest gains in Europe and the Americas. Wilhelmshaven MGO rose $121.75 to $1,736.50, Muuga MGO rose $124.25 to $1,747.50, and Bergen…
Read the report → - 2026-09-03MGO moves dominate the board; VLSFO spreads narrow in the Med
MGO was the mover on today's board, with gains across most hubs: Rotterdam +37 to 1295, Singapore +30 to 1222.5, Hong Kong +42.5 to 1228, Houston +43.5 to 1278.5, Los Angeles +42 to 1509,…
Read the report → - 2026-09-02MGO moves dominate a broad board; VLSFO east-west spread worth six figures on a stem
Distillate moved hardest at the ports with reported changes: Los Angeles MGO up $64.50 to $1,467/mt, Istanbul +$49.50, Piraeus +$46, Fujairah +$43, Hong Kong +$33.
Read the report → - 2026-09-01West-to-east VLSFO spread holds wide; Houston and Rotterdam anchor the cheap end of the board
Houston is the cheapest VLSFO on the board at $679.50/mt, with Rotterdam next at $663.00/mt; Singapore sits at $784.50/mt, a $121.50/mt premium to Rotterdam and $105.00/mt over Houston.
Read the report → - 2026-08-31Monday 31 August 2026 — Houston cheap against Asia on every grade
Houston carries the lowest VLSFO on the board at $679.5/mt, with Rotterdam close behind at $663.0/mt; the cheapest HSFO is Houston at $468.5/mt against New York at $523.0/mt.
Read the report → - 2026-08-30Bunker Board, 30 August 2026
No day-on-day moves are carried on today's board, so direction is against the reader's own records. The lows: Rotterdam VLSFO 663.0, Houston HSFO 468.5, Singapore MGO 1146.0.
Read the report →