π’ WEEKLY BUNKER MARKET INTELLIGENCE REPORT
π Strongest Performer
MGO recorded the largest weekly appreciation of +2.50 (+0.16%), closing at its session high of 1542.
π Weakest Performer
IFO380 declined -3.00 (-0.40%) to 739, underperforming the broader bullish market direction.
βοΈ Spread Analysis
The spread widened by 3.50 to 136.5, reflecting a relative premium increase for VLSFO against IFO380.
π Volatility Analysis
MGO exhibited the highest volatility at 8.45, while VLSFO remained the least volatile at 6.04.
π Momentum Analysis
Positive weekly changes in VLSFO (+0.50) and MGO (+2.50) outweigh IFO380 weakness (-3.00).
π§ Market Direction
The prevailing market direction is Bullish, supported by gains in two of the three monitored grades.
π― Trading Signal
π‘ Key Takeaway
The bullish bias is driven by MGO and VLSFO strength, but elevated MGO volatility requires careful position sizing.
Market sentiment remains bullish despite divergent grade performance, with MGO leading gains while IFO380 retreated.
π Strongest Performer
MGO recorded the largest weekly appreciation of +2.50 (+0.16%), closing at its session high of 1542.
π Weakest Performer
IFO380 declined -3.00 (-0.40%) to 739, underperforming the broader bullish market direction.
βοΈ Spread Analysis
The spread widened by 3.50 to 136.5, reflecting a relative premium increase for VLSFO against IFO380.
π Volatility Analysis
MGO exhibited the highest volatility at 8.45, while VLSFO remained the least volatile at 6.04.
π Momentum Analysis
Positive weekly changes in VLSFO (+0.50) and MGO (+2.50) outweigh IFO380 weakness (-3.00).
π§ Market Direction
The prevailing market direction is Bullish, supported by gains in two of the three monitored grades.
π― Trading Signal
Favor selective MGO exposure on relative strength, while monitoring the widening residual spread for entry points.
π‘ Key Takeaway
π Global Bunker Prices β Oct 4, 2026
(Ship & Bunker G20 Index)
β½ VLSFO: 875.50 USD/mt β¬ (+2.50)
π’οΈ IFO380: 739.00 USD/mt β¬ (-0.50)
π’ MGO: 1542.00 USD/mt β¬ (+1.00)
π Source: Ship & Bunker β G20 Port Average
π Market Trend: VLSFO & MGO moved up, IFO380 moved down.
(Ship & Bunker G20 Index)
β½ VLSFO: 875.50 USD/mt β¬ (+2.50)
π’οΈ IFO380: 739.00 USD/mt β¬ (-0.50)
π’ MGO: 1542.00 USD/mt β¬ (+1.00)
π Source: Ship & Bunker β G20 Port Average
π Market Trend: VLSFO & MGO moved up, IFO380 moved down.
π Global Bunker Prices β Oct 4, 2026
(Ship & Bunker G20 Index)
β½ VLSFO: 875.50 USD/mt β¬ (+2.50)
π’οΈ IFO380: 739.00 USD/mt β¬ (-0.50)
π’ MGO: 1542.00 USD/mt β¬ (+1.00)
π Source: Ship & Bunker β G20 Port Average
π Market Trend: VLSFO & MGO moved up, IFO380 moved down.
(Ship & Bunker G20 Index)
β½ VLSFO: 875.50 USD/mt β¬ (+2.50)
π’οΈ IFO380: 739.00 USD/mt β¬ (-0.50)
π’ MGO: 1542.00 USD/mt β¬ (+1.00)
π Source: Ship & Bunker β G20 Port Average
π Market Trend: VLSFO & MGO moved up, IFO380 moved down.
π Global Bunker Prices β Oct 5, 2026
(Ship & Bunker G20 Index)
β½ VLSFO: 875.50 USD/mt β¬ (+2.50)
π’οΈ IFO380: 739.00 USD/mt β¬ (-0.50)
π’ MGO: 1542.00 USD/mt β¬ (+1.00)
π Source: Ship & Bunker β G20 Port Average
π Market Trend: VLSFO & MGO moved up, IFO380 moved down.
(Ship & Bunker G20 Index)
β½ VLSFO: 875.50 USD/mt β¬ (+2.50)
π’οΈ IFO380: 739.00 USD/mt β¬ (-0.50)
π’ MGO: 1542.00 USD/mt β¬ (+1.00)
π Source: Ship & Bunker β G20 Port Average
π Market Trend: VLSFO & MGO moved up, IFO380 moved down.
π Global Bunker Prices β Oct 5, 2026
(Ship & Bunker G20 Index)
β½ VLSFO: 875.50 USD/mt β¬ (+2.50)
π’οΈ IFO380: 739.00 USD/mt β¬ (-0.50)
π’ MGO: 1542.00 USD/mt β¬ (+1.00)
π Source: Ship & Bunker β G20 Port Average
π Market Trend: VLSFO & MGO moved up, IFO380 moved down.
(Ship & Bunker G20 Index)
β½ VLSFO: 875.50 USD/mt β¬ (+2.50)
π’οΈ IFO380: 739.00 USD/mt β¬ (-0.50)
π’ MGO: 1542.00 USD/mt β¬ (+1.00)
π Source: Ship & Bunker β G20 Port Average
π Market Trend: VLSFO & MGO moved up, IFO380 moved down.
π Global Bunker Prices β Oct 5, 2026
(Ship & Bunker G20 Index)
β½ VLSFO: 875.50 USD/mt β¬ (+2.50)
π’οΈ IFO380: 739.00 USD/mt β¬ (-0.50)
π’ MGO: 1542.00 USD/mt β¬ (+1.00)
π Source: Ship & Bunker β G20 Port Average
π Market Trend: VLSFO & MGO moved up, IFO380 moved down.
(Ship & Bunker G20 Index)
β½ VLSFO: 875.50 USD/mt β¬ (+2.50)
π’οΈ IFO380: 739.00 USD/mt β¬ (-0.50)
π’ MGO: 1542.00 USD/mt β¬ (+1.00)
π Source: Ship & Bunker β G20 Port Average
π Market Trend: VLSFO & MGO moved up, IFO380 moved down.
π Global Bunker Prices β Oct 6, 2026
(Ship & Bunker G20 Index)
β½ VLSFO: 875.50 USD/mt β¬ (+2.50)
π’οΈ IFO380: 739.00 USD/mt β¬ (-0.50)
π’ MGO: 1542.00 USD/mt β¬ (+1.00)
π Source: Ship & Bunker β G20 Port Average
π Market Trend: VLSFO & MGO moved up, IFO380 moved down.
(Ship & Bunker G20 Index)
β½ VLSFO: 875.50 USD/mt β¬ (+2.50)
π’οΈ IFO380: 739.00 USD/mt β¬ (-0.50)
π’ MGO: 1542.00 USD/mt β¬ (+1.00)
π Source: Ship & Bunker β G20 Port Average
π Market Trend: VLSFO & MGO moved up, IFO380 moved down.
π Global Bunker Prices β Oct 6, 2026
(Ship & Bunker G20 Index)
β½ VLSFO: 876.50 USD/mt β¬ (+1.00)
π’οΈ IFO380: 751.00 USD/mt β¬ (+12.00)
π’ MGO: 1508.50 USD/mt β¬ (-33.50)
π Source: Ship & Bunker β G20 Port Average
π Market Trend: VLSFO & IFO380 moved up, MGO moved down.
(Ship & Bunker G20 Index)
β½ VLSFO: 876.50 USD/mt β¬ (+1.00)
π’οΈ IFO380: 751.00 USD/mt β¬ (+12.00)
π’ MGO: 1508.50 USD/mt β¬ (-33.50)
π Source: Ship & Bunker β G20 Port Average
π Market Trend: VLSFO & IFO380 moved up, MGO moved down.
π Global Bunker Prices β Oct 6, 2026
(Ship & Bunker G20 Index)
β½ VLSFO: 876.50 USD/mt β¬ (+1.00)
π’οΈ IFO380: 751.00 USD/mt β¬ (+12.00)
π’ MGO: 1508.50 USD/mt β¬ (-33.50)
π Source: Ship & Bunker β G20 Port Average
π Market Trend: VLSFO & IFO380 moved up, MGO moved down.
(Ship & Bunker G20 Index)
β½ VLSFO: 876.50 USD/mt β¬ (+1.00)
π’οΈ IFO380: 751.00 USD/mt β¬ (+12.00)
π’ MGO: 1508.50 USD/mt β¬ (-33.50)
π Source: Ship & Bunker β G20 Port Average
π Market Trend: VLSFO & IFO380 moved up, MGO moved down.
π Global Bunker Prices β Oct 7, 2026
(Ship & Bunker G20 Index)
β½ VLSFO: 876.50 USD/mt β¬ (+1.00)
π’οΈ IFO380: 751.00 USD/mt β¬ (+12.00)
π’ MGO: 1508.50 USD/mt β¬ (-33.50)
π Source: Ship & Bunker β G20 Port Average
π Market Trend: VLSFO & IFO380 moved up, MGO moved down.
(Ship & Bunker G20 Index)
β½ VLSFO: 876.50 USD/mt β¬ (+1.00)
π’οΈ IFO380: 751.00 USD/mt β¬ (+12.00)
π’ MGO: 1508.50 USD/mt β¬ (-33.50)
π Source: Ship & Bunker β G20 Port Average
π Market Trend: VLSFO & IFO380 moved up, MGO moved down.
π Global Bunker Prices β Oct 7, 2026
(Ship & Bunker G20 Index)
β½ VLSFO: 876.50 USD/mt β‘ (0.00)
π’οΈ IFO380: 751.50 USD/mt β¬ (+0.50)
π’ MGO: 1500.00 USD/mt β¬ (-8.50)
π Source: Ship & Bunker β G20 Port Average
π Market Trend: IFO380 moved up, MGO moved down, VLSFO unchanged.
(Ship & Bunker G20 Index)
β½ VLSFO: 876.50 USD/mt β‘ (0.00)
π’οΈ IFO380: 751.50 USD/mt β¬ (+0.50)
π’ MGO: 1500.00 USD/mt β¬ (-8.50)
π Source: Ship & Bunker β G20 Port Average
π Market Trend: IFO380 moved up, MGO moved down, VLSFO unchanged.
π Global Bunker Prices β Oct 7, 2026
(Ship & Bunker G20 Index)
β½ VLSFO: 876.50 USD/mt β‘ (0.00)
π’οΈ IFO380: 751.50 USD/mt β¬ (+0.50)
π’ MGO: 1500.00 USD/mt β¬ (-8.50)
π Source: Ship & Bunker β G20 Port Average
π Market Trend: IFO380 moved up, MGO moved down, VLSFO unchanged.
(Ship & Bunker G20 Index)
β½ VLSFO: 876.50 USD/mt β‘ (0.00)
π’οΈ IFO380: 751.50 USD/mt β¬ (+0.50)
π’ MGO: 1500.00 USD/mt β¬ (-8.50)
π Source: Ship & Bunker β G20 Port Average
π Market Trend: IFO380 moved up, MGO moved down, VLSFO unchanged.
π Global Bunker Prices β Oct 8, 2026
(Ship & Bunker G20 Index)
β½ VLSFO: 876.50 USD/mt β‘ (0.00)
π’οΈ IFO380: 751.50 USD/mt β¬ (+0.50)
π’ MGO: 1500.00 USD/mt β¬ (-8.50)
π Source: Ship & Bunker β G20 Port Average
π Market Trend: IFO380 moved up, MGO moved down, VLSFO unchanged.
(Ship & Bunker G20 Index)
β½ VLSFO: 876.50 USD/mt β‘ (0.00)
π’οΈ IFO380: 751.50 USD/mt β¬ (+0.50)
π’ MGO: 1500.00 USD/mt β¬ (-8.50)
π Source: Ship & Bunker β G20 Port Average
π Market Trend: IFO380 moved up, MGO moved down, VLSFO unchanged.
π Global Bunker Prices β Oct 8, 2026
(Ship & Bunker G20 Index)
β½ VLSFO: 884.50 USD/mt β¬ (+8.00)
π’οΈ IFO380: 757.50 USD/mt β¬ (+6.00)
π’ MGO: 1508.00 USD/mt β¬ (+8.00)
π Source: Ship & Bunker β G20 Port Average
π Market Trend: All fuel grades moved up.
(Ship & Bunker G20 Index)
β½ VLSFO: 884.50 USD/mt β¬ (+8.00)
π’οΈ IFO380: 757.50 USD/mt β¬ (+6.00)
π’ MGO: 1508.00 USD/mt β¬ (+8.00)
π Source: Ship & Bunker β G20 Port Average
π Market Trend: All fuel grades moved up.
π Global Bunker Prices β Oct 8, 2026
(Ship & Bunker G20 Index)
β½ VLSFO: 884.50 USD/mt β¬ (+8.00)
π’οΈ IFO380: 757.50 USD/mt β¬ (+6.00)
π’ MGO: 1508.00 USD/mt β¬ (+8.00)
π Source: Ship & Bunker β G20 Port Average
π Market Trend: All fuel grades moved up.
(Ship & Bunker G20 Index)
β½ VLSFO: 884.50 USD/mt β¬ (+8.00)
π’οΈ IFO380: 757.50 USD/mt β¬ (+6.00)
π’ MGO: 1508.00 USD/mt β¬ (+8.00)
π Source: Ship & Bunker β G20 Port Average
π Market Trend: All fuel grades moved up.
π Global Bunker Prices β Oct 9, 2026
(Ship & Bunker G20 Index)
β½ VLSFO: 884.50 USD/mt β¬ (+8.00)
π’οΈ IFO380: 757.50 USD/mt β¬ (+6.00)
π’ MGO: 1508.00 USD/mt β¬ (+8.00)
π Source: Ship & Bunker β G20 Port Average
π Market Trend: All fuel grades moved up.
(Ship & Bunker G20 Index)
β½ VLSFO: 884.50 USD/mt β¬ (+8.00)
π’οΈ IFO380: 757.50 USD/mt β¬ (+6.00)
π’ MGO: 1508.00 USD/mt β¬ (+8.00)
π Source: Ship & Bunker β G20 Port Average
π Market Trend: All fuel grades moved up.
π Global Bunker Prices β Oct 9, 2026
(Ship & Bunker G20 Index)
β½ VLSFO: 894.00 USD/mt β¬ (+9.50)
π’οΈ IFO380: 771.00 USD/mt β¬ (+13.50)
π’ MGO: 1542.00 USD/mt β¬ (+34.00)
π Source: Ship & Bunker β G20 Port Average
π Market Trend: All fuel grades moved up.
(Ship & Bunker G20 Index)
β½ VLSFO: 894.00 USD/mt β¬ (+9.50)
π’οΈ IFO380: 771.00 USD/mt β¬ (+13.50)
π’ MGO: 1542.00 USD/mt β¬ (+34.00)
π Source: Ship & Bunker β G20 Port Average
π Market Trend: All fuel grades moved up.
π Global Bunker Prices β Oct 9, 2026
(Ship & Bunker G20 Index)
β½ VLSFO: 894.00 USD/mt β¬ (+9.50)
π’οΈ IFO380: 771.00 USD/mt β¬ (+13.50)
π’ MGO: 1542.00 USD/mt β¬ (+34.00)
π Source: Ship & Bunker β G20 Port Average
π Market Trend: All fuel grades moved up.
(Ship & Bunker G20 Index)
β½ VLSFO: 894.00 USD/mt β¬ (+9.50)
π’οΈ IFO380: 771.00 USD/mt β¬ (+13.50)
π’ MGO: 1542.00 USD/mt β¬ (+34.00)
π Source: Ship & Bunker β G20 Port Average
π Market Trend: All fuel grades moved up.
π Global Bunker Prices β Oct 10, 2026
(Ship & Bunker G20 Index)
β½ VLSFO: 894.00 USD/mt β¬ (+9.50)
π’οΈ IFO380: 771.00 USD/mt β¬ (+13.50)
π’ MGO: 1542.00 USD/mt β¬ (+34.00)
π Source: Ship & Bunker β G20 Port Average
π Market Trend: All fuel grades moved up.
(Ship & Bunker G20 Index)
β½ VLSFO: 894.00 USD/mt β¬ (+9.50)
π’οΈ IFO380: 771.00 USD/mt β¬ (+13.50)
π’ MGO: 1542.00 USD/mt β¬ (+34.00)
π Source: Ship & Bunker β G20 Port Average
π Market Trend: All fuel grades moved up.