π Global Bunker Prices β Sep 19, 2026
(Ship & Bunker G20 Index)
β½ VLSFO: 891.50 USD/mt β¬ (-10.00)
π’οΈ IFO380: 727.50 USD/mt β¬ (-10.50)
π’ MGO: 1598.00 USD/mt β¬ (-15.00)
π Source: Ship & Bunker β G20 Port Average
π Market Trend: All fuel grades moved down.
(Ship & Bunker G20 Index)
β½ VLSFO: 891.50 USD/mt β¬ (-10.00)
π’οΈ IFO380: 727.50 USD/mt β¬ (-10.50)
π’ MGO: 1598.00 USD/mt β¬ (-15.00)
π Source: Ship & Bunker β G20 Port Average
π Market Trend: All fuel grades moved down.
π Global Bunker Prices β Sep 19, 2026
(Ship & Bunker G20 Index)
β½ VLSFO: 882.50 USD/mt β¬ (-9.00)
π’οΈ IFO380: 718.00 USD/mt β¬ (-9.50)
π’ MGO: 1567.50 USD/mt β¬ (-30.50)
π Source: Ship & Bunker β G20 Port Average
π Market Trend: All fuel grades moved down.
(Ship & Bunker G20 Index)
β½ VLSFO: 882.50 USD/mt β¬ (-9.00)
π’οΈ IFO380: 718.00 USD/mt β¬ (-9.50)
π’ MGO: 1567.50 USD/mt β¬ (-30.50)
π Source: Ship & Bunker β G20 Port Average
π Market Trend: All fuel grades moved down.
π Global Bunker Prices β Sep 19, 2026
(Ship & Bunker G20 Index)
β½ VLSFO: 882.50 USD/mt β¬ (-9.00)
π’οΈ IFO380: 718.00 USD/mt β¬ (-9.50)
π’ MGO: 1567.50 USD/mt β¬ (-30.50)
π Source: Ship & Bunker β G20 Port Average
π Market Trend: All fuel grades moved down.
(Ship & Bunker G20 Index)
β½ VLSFO: 882.50 USD/mt β¬ (-9.00)
π’οΈ IFO380: 718.00 USD/mt β¬ (-9.50)
π’ MGO: 1567.50 USD/mt β¬ (-30.50)
π Source: Ship & Bunker β G20 Port Average
π Market Trend: All fuel grades moved down.
π Global Bunker Prices β Sep 20, 2026
(Ship & Bunker G20 Index)
β½ VLSFO: 882.50 USD/mt β¬ (-9.00)
π’οΈ IFO380: 718.00 USD/mt β¬ (-9.50)
π’ MGO: 1567.50 USD/mt β¬ (-30.50)
π Source: Ship & Bunker β G20 Port Average
π Market Trend: All fuel grades moved down.
(Ship & Bunker G20 Index)
β½ VLSFO: 882.50 USD/mt β¬ (-9.00)
π’οΈ IFO380: 718.00 USD/mt β¬ (-9.50)
π’ MGO: 1567.50 USD/mt β¬ (-30.50)
π Source: Ship & Bunker β G20 Port Average
π Market Trend: All fuel grades moved down.
π’ WEEKLY BUNKER MARKET INTELLIGENCE REPORT
π Strongest Performer
MGO led the market higher with a substantial gain of $34.5, or 2.25%, closing at $1567.5 amid high volatility conditions.
π Weakest Performer
IFO380 was the sole loser, dropping $4, or 0.55%, to trade at $718, exhibiting the least volatility and weakest relative performance.
βοΈ Spread Analysis
The VLSFO-IFO380 spread widened by $12.5 to reach $164.5, reflecting the divergent price trends between residual and distillate fuels.
π Volatility Analysis
Market volatility was heavily concentrated in the MGO segment, while IFO380 maintained the lowest price fluctuations of the week.
π Momentum Analysis
Momentum remains strongly positive for MGO and moderately positive for VLSFO, contrasting with the flat-to-negative momentum observed in IFO380.
π§ Market Direction
The overall market direction is assessed as Bullish, supported by the strong weekly gains in cleaner fuel products.
π― Trading Signal
π‘ Key Takeaway
The market structure indicates a premium tightening for distillates, suggesting that bunker buyers should prepare for higher marine gas oil costs relative to heavy fuel oils.
The bunker market displayed a bullish bias this week, driven by strong upward momentum in distillate fuels despite a marginal decline in high-sulfur fuel oil.
π Strongest Performer
MGO led the market higher with a substantial gain of $34.5, or 2.25%, closing at $1567.5 amid high volatility conditions.
π Weakest Performer
IFO380 was the sole loser, dropping $4, or 0.55%, to trade at $718, exhibiting the least volatility and weakest relative performance.
βοΈ Spread Analysis
The VLSFO-IFO380 spread widened by $12.5 to reach $164.5, reflecting the divergent price trends between residual and distillate fuels.
π Volatility Analysis
Market volatility was heavily concentrated in the MGO segment, while IFO380 maintained the lowest price fluctuations of the week.
π Momentum Analysis
Momentum remains strongly positive for MGO and moderately positive for VLSFO, contrasting with the flat-to-negative momentum observed in IFO380.
π§ Market Direction
The overall market direction is assessed as Bullish, supported by the strong weekly gains in cleaner fuel products.
π― Trading Signal
Procurement teams should consider the bullish momentum in distillates and the widening spread, favoring incremental VLSFO/MGO purchases while monitoring IFO380 stability.
π‘ Key Takeaway
π Global Bunker Prices β Sep 20, 2026
(Ship & Bunker G20 Index)
β½ VLSFO: 882.50 USD/mt β¬ (-9.00)
π’οΈ IFO380: 718.00 USD/mt β¬ (-9.50)
π’ MGO: 1567.50 USD/mt β¬ (-30.50)
π Source: Ship & Bunker β G20 Port Average
π Market Trend: All fuel grades moved down.
(Ship & Bunker G20 Index)
β½ VLSFO: 882.50 USD/mt β¬ (-9.00)
π’οΈ IFO380: 718.00 USD/mt β¬ (-9.50)
π’ MGO: 1567.50 USD/mt β¬ (-30.50)
π Source: Ship & Bunker β G20 Port Average
π Market Trend: All fuel grades moved down.
π Global Bunker Prices β Sep 20, 2026
(Ship & Bunker G20 Index)
β½ VLSFO: 882.50 USD/mt β¬ (-9.00)
π’οΈ IFO380: 718.00 USD/mt β¬ (-9.50)
π’ MGO: 1567.50 USD/mt β¬ (-30.50)
π Source: Ship & Bunker β G20 Port Average
π Market Trend: All fuel grades moved down.
(Ship & Bunker G20 Index)
β½ VLSFO: 882.50 USD/mt β¬ (-9.00)
π’οΈ IFO380: 718.00 USD/mt β¬ (-9.50)
π’ MGO: 1567.50 USD/mt β¬ (-30.50)
π Source: Ship & Bunker β G20 Port Average
π Market Trend: All fuel grades moved down.
π Global Bunker Prices β Sep 21, 2026
(Ship & Bunker G20 Index)
β½ VLSFO: 882.50 USD/mt β¬ (-9.00)
π’οΈ IFO380: 718.00 USD/mt β¬ (-9.50)
π’ MGO: 1567.50 USD/mt β¬ (-30.50)
π Source: Ship & Bunker β G20 Port Average
π Market Trend: All fuel grades moved down.
(Ship & Bunker G20 Index)
β½ VLSFO: 882.50 USD/mt β¬ (-9.00)
π’οΈ IFO380: 718.00 USD/mt β¬ (-9.50)
π’ MGO: 1567.50 USD/mt β¬ (-30.50)
π Source: Ship & Bunker β G20 Port Average
π Market Trend: All fuel grades moved down.
π Global Bunker Prices β Sep 21, 2026
(Ship & Bunker G20 Index)
β½ VLSFO: 882.50 USD/mt β¬ (-9.00)
π’οΈ IFO380: 718.00 USD/mt β¬ (-9.50)
π’ MGO: 1567.50 USD/mt β¬ (-30.50)
π Source: Ship & Bunker β G20 Port Average
π Market Trend: All fuel grades moved down.
(Ship & Bunker G20 Index)
β½ VLSFO: 882.50 USD/mt β¬ (-9.00)
π’οΈ IFO380: 718.00 USD/mt β¬ (-9.50)
π’ MGO: 1567.50 USD/mt β¬ (-30.50)
π Source: Ship & Bunker β G20 Port Average
π Market Trend: All fuel grades moved down.
π Global Bunker Prices β Sep 21, 2026
(Ship & Bunker G20 Index)
β½ VLSFO: 882.50 USD/mt β¬ (-9.00)
π’οΈ IFO380: 718.00 USD/mt β¬ (-9.50)
π’ MGO: 1567.50 USD/mt β¬ (-30.50)
π Source: Ship & Bunker β G20 Port Average
π Market Trend: All fuel grades moved down.
(Ship & Bunker G20 Index)
β½ VLSFO: 882.50 USD/mt β¬ (-9.00)
π’οΈ IFO380: 718.00 USD/mt β¬ (-9.50)
π’ MGO: 1567.50 USD/mt β¬ (-30.50)
π Source: Ship & Bunker β G20 Port Average
π Market Trend: All fuel grades moved down.
π Global Bunker Prices β Sep 22, 2026
(Ship & Bunker G20 Index)
β½ VLSFO: 882.50 USD/mt β¬ (-9.00)
π’οΈ IFO380: 718.00 USD/mt β¬ (-9.50)
π’ MGO: 1567.50 USD/mt β¬ (-30.50)
π Source: Ship & Bunker β G20 Port Average
π Market Trend: All fuel grades moved down.
(Ship & Bunker G20 Index)
β½ VLSFO: 882.50 USD/mt β¬ (-9.00)
π’οΈ IFO380: 718.00 USD/mt β¬ (-9.50)
π’ MGO: 1567.50 USD/mt β¬ (-30.50)
π Source: Ship & Bunker β G20 Port Average
π Market Trend: All fuel grades moved down.
π Global Bunker Prices β Sep 22, 2026
(Ship & Bunker G20 Index)
β½ VLSFO: 872.50 USD/mt β¬ (-10.00)
π’οΈ IFO380: 692.00 USD/mt β¬ (-26.00)
π’ MGO: 1551.50 USD/mt β¬ (-16.00)
π Source: Ship & Bunker β G20 Port Average
π Market Trend: All fuel grades moved down.
(Ship & Bunker G20 Index)
β½ VLSFO: 872.50 USD/mt β¬ (-10.00)
π’οΈ IFO380: 692.00 USD/mt β¬ (-26.00)
π’ MGO: 1551.50 USD/mt β¬ (-16.00)
π Source: Ship & Bunker β G20 Port Average
π Market Trend: All fuel grades moved down.
π Global Bunker Prices β Sep 22, 2026
(Ship & Bunker G20 Index)
β½ VLSFO: 872.50 USD/mt β¬ (-10.00)
π’οΈ IFO380: 692.00 USD/mt β¬ (-26.00)
π’ MGO: 1551.50 USD/mt β¬ (-16.00)
π Source: Ship & Bunker β G20 Port Average
π Market Trend: All fuel grades moved down.
(Ship & Bunker G20 Index)
β½ VLSFO: 872.50 USD/mt β¬ (-10.00)
π’οΈ IFO380: 692.00 USD/mt β¬ (-26.00)
π’ MGO: 1551.50 USD/mt β¬ (-16.00)
π Source: Ship & Bunker β G20 Port Average
π Market Trend: All fuel grades moved down.
π Global Bunker Prices β Sep 23, 2026
(Ship & Bunker G20 Index)
β½ VLSFO: 872.50 USD/mt β¬ (-10.00)
π’οΈ IFO380: 692.00 USD/mt β¬ (-26.00)
π’ MGO: 1551.50 USD/mt β¬ (-16.00)
π Source: Ship & Bunker β G20 Port Average
π Market Trend: All fuel grades moved down.
(Ship & Bunker G20 Index)
β½ VLSFO: 872.50 USD/mt β¬ (-10.00)
π’οΈ IFO380: 692.00 USD/mt β¬ (-26.00)
π’ MGO: 1551.50 USD/mt β¬ (-16.00)
π Source: Ship & Bunker β G20 Port Average
π Market Trend: All fuel grades moved down.
π Global Bunker Prices β Sep 23, 2026
(Ship & Bunker G20 Index)
β½ VLSFO: 865.50 USD/mt β¬ (-7.00)
π’οΈ IFO380: 698.00 USD/mt β¬ (+6.00)
π’ MGO: 1525.00 USD/mt β¬ (-26.50)
π Source: Ship & Bunker β G20 Port Average
π Market Trend: IFO380 moved up, VLSFO & MGO moved down.
(Ship & Bunker G20 Index)
β½ VLSFO: 865.50 USD/mt β¬ (-7.00)
π’οΈ IFO380: 698.00 USD/mt β¬ (+6.00)
π’ MGO: 1525.00 USD/mt β¬ (-26.50)
π Source: Ship & Bunker β G20 Port Average
π Market Trend: IFO380 moved up, VLSFO & MGO moved down.
π Global Bunker Prices β Sep 23, 2026
(Ship & Bunker G20 Index)
β½ VLSFO: 865.50 USD/mt β¬ (-7.00)
π’οΈ IFO380: 698.00 USD/mt β¬ (+6.00)
π’ MGO: 1525.00 USD/mt β¬ (-26.50)
π Source: Ship & Bunker β G20 Port Average
π Market Trend: IFO380 moved up, VLSFO & MGO moved down.
(Ship & Bunker G20 Index)
β½ VLSFO: 865.50 USD/mt β¬ (-7.00)
π’οΈ IFO380: 698.00 USD/mt β¬ (+6.00)
π’ MGO: 1525.00 USD/mt β¬ (-26.50)
π Source: Ship & Bunker β G20 Port Average
π Market Trend: IFO380 moved up, VLSFO & MGO moved down.
π Global Bunker Prices β Sep 24, 2026
(Ship & Bunker G20 Index)
β½ VLSFO: 865.50 USD/mt β¬ (-7.00)
π’οΈ IFO380: 698.00 USD/mt β¬ (+6.00)
π’ MGO: 1525.00 USD/mt β¬ (-26.50)
π Source: Ship & Bunker β G20 Port Average
π Market Trend: IFO380 moved up, VLSFO & MGO moved down.
(Ship & Bunker G20 Index)
β½ VLSFO: 865.50 USD/mt β¬ (-7.00)
π’οΈ IFO380: 698.00 USD/mt β¬ (+6.00)
π’ MGO: 1525.00 USD/mt β¬ (-26.50)
π Source: Ship & Bunker β G20 Port Average
π Market Trend: IFO380 moved up, VLSFO & MGO moved down.
π Global Bunker Prices β Sep 24, 2026
(Ship & Bunker G20 Index)
β½ VLSFO: 864.50 USD/mt β¬ (-1.00)
π’οΈ IFO380: 701.50 USD/mt β¬ (+3.50)
π’ MGO: 1541.50 USD/mt β¬ (+16.50)
π Source: Ship & Bunker β G20 Port Average
π Market Trend: IFO380 & MGO moved up, VLSFO moved down.
(Ship & Bunker G20 Index)
β½ VLSFO: 864.50 USD/mt β¬ (-1.00)
π’οΈ IFO380: 701.50 USD/mt β¬ (+3.50)
π’ MGO: 1541.50 USD/mt β¬ (+16.50)
π Source: Ship & Bunker β G20 Port Average
π Market Trend: IFO380 & MGO moved up, VLSFO moved down.
π Global Bunker Prices β Sep 24, 2026
(Ship & Bunker G20 Index)
β½ VLSFO: 864.50 USD/mt β¬ (-1.00)
π’οΈ IFO380: 701.50 USD/mt β¬ (+3.50)
π’ MGO: 1541.50 USD/mt β¬ (+16.50)
π Source: Ship & Bunker β G20 Port Average
π Market Trend: IFO380 & MGO moved up, VLSFO moved down.
(Ship & Bunker G20 Index)
β½ VLSFO: 864.50 USD/mt β¬ (-1.00)
π’οΈ IFO380: 701.50 USD/mt β¬ (+3.50)
π’ MGO: 1541.50 USD/mt β¬ (+16.50)
π Source: Ship & Bunker β G20 Port Average
π Market Trend: IFO380 & MGO moved up, VLSFO moved down.