Once a week, bunker intelligence platform ENGINE will publish a snapshot of alternative and conventional bunker fuel prices in the world’s two biggest bunkering hubs. The following is the latest snapshot:

• Rotterdam B100 over $100/mt costlier than HSFO
• Rotterdam LBM discounts to LSMGO widen
• B100 premium over LSMGO drops to $39/mt in Singapore

Rotterdam B100’s premium over HSFO has widened by a further $35/mt to $103/mt over the past week.

On the other hand, its discounts to VLSFO and LSMGO have widened by $8/mt and $25/mt to $26/mt and $266/mt, respectively.

Singapore’s B100 has dropped slightly relative to conventional fuels. Its premiums over HSFO, VLSFO and LSMGO have narrowed by $16-25/mt over the past week to $39-408/mt.

LNG premiums over liquefied biomethane (LBM) in Rotterdam have widened by $15/mt to $440-447/mt.

Rotterdam’s LBM discounts to LSMGO have widened by $56-58/mt to $595-796/mt, depending on the engine type.

Liquid fuels

Rotterdam’s HSFO price has fallen by $41/mt over the past week. Its VLSFO has edged up by $2/mt, while its LSMGO price has increased by $19/mt.

The port’s B100 has edged down by $7/mt. Dutch ZRE A ticket prices have remained unchanged for a third consecutive week amid a “lack of reported trades,” Prima Markets has noted.

Singapore’s conventional fuel prices have declined by $36-45/mt over the past week, while its B100 benchmark has fallen by a larger $61/mt

The port’s monthly B100 sales doubled from 6,500 mt in April to 13,000 mt in May, according to preliminary data from the Maritime and Port Authority of Singapore.

Liquid gases

Rotterdam’s LNG prices have declined by $23-24/mt in the past week, driven largely by a 7% decline in LNG bunker premiums, which dropped from $134/mt to $125/mt. The front-month Dutch TTF Natural Gas contract has fallen by 2%, adding further downward pressure to LNG bunker prices.

Rotterdam’s LBM prices have fallen by $37-39/mt.

Singapore’s LNG prices have edged up by $8-9/mt. Resurging tensions in the Middle East, a Qatari gas facility explosion and rising LNG demand in Asia have added upward pressure on the prices.

LNG sales in Singapore jumped from 42,000 mt in April to a record 70,000 mt in May.

By Konica Bhatt

Photo credit and source: ENGINE
Published: 30 June, 2026

Marine fuel market participants in the Middle East’s bunkering hub of Fujairah are cautiously optimistic and a little anxious about what will happen now that the US and Iran have agreed to ease regional tensions.

23 June 2026

As part of the agreement, the US has allowed unlimited sales of Iranian crude and refined products, which could see a return of Iranian high-sulphur fuel oil (HSFO) to Fujairah.

While this offers a potential path to normalisation of the trading environment, which has been heavily affected by shipping disruptions in the strait of Hormuz, local traders, suppliers, and buyers remain somewhat sceptical about the timeline, enforcement, and practical implementation of agreed actions.

Iran had been a key supplier of HSFO to Fujairah, accounting for 25pc of all imports, or 70,000 b/d, in 2025, oil analytics firm Vortexa’s data show.

These supplies were cut off as relations between the UAE and Tehran deteriorated. During the war, Iran repeatedly attacked Fujairah’s infrastructure, with Tehran accusing the UAE of collaborating with the US and Israel.

Some bunker suppliers cannot see the return of stable trade, at least in the near future.

“We are hopeful, but there is anxiety in the market that relations have received too much damage,” a senior Fujairah-based bunker supplier said. “Everything hinges on how bilateral diplomatic relationships between the UAE and Iran navigate this transition phase.”

Others said the economic benefits of the trade will help to overcome difficulties in bilateral relations. But, in the post-sanction period, the fuel will not be as cheap as before, they said.

Even if sanctions are smoothly lifted, local suppliers anticipate intense competition for Iranian straight-run HSFO from Asian refiners with upgraded secondary processing units, which will be eager to secure supply as a highly economical cracking feedstock.

“Fujairah won’t be the only buyer in town once the Iranian HSFO is freed from shackles,” a regional fuel oil trader said. “Once those barrels are fully legitimised and the banking channels clear, big players will return to feed the appetite of massive, sophisticated refining complexes across Asia.

“The resulting premium structure could easily price local bunker blenders right out of the market,” the trader said.

For the very low-sulphur fuel oil (VLSFO) sector, Fujairah’s supply recovery remains heavily reliant on consistent product flows from Kuwait’s 615,000 b/d al-Zour refinery. Shipments from the plant will be capped, at least until late in the third quarter.

“The region is entering a peak summer demand period and Kuwaiti domestic power utilities will inevitably prioritise burning low-sulphur fuel oil for electricity and air conditioning over exporting it,” said a bunker trader.

Combined with lingering security anxieties regarding transits through the strait of Hormuz, the Fujairah market is not factoring in prompt VLSFO supply from al-Zour anytime soon.

Fujairah VLSFO premiums against Singapore cargo benchmarks hit unprecedented highs of $700/t earlier in June, due to an acute local product shortage.

Premiums fell ahead of an arrival of a 100,000t low-sulphur fuel oil cargo from Nigeria’s Dangote on 20 June, with more suppliers emerging with offers for end-June. But premiums remain above $300/t, because there have been sharper falls in the Singapore cargo benchmark price and freight netbacks remain high. In normal market conditions, the VLSFO bunker premium is in a range of $5-15/t.

By Elshan Aliyev

Photo credit and source: Argus Media
Published: 26 May, 2026

The following bunker report has been provided by freight market information provider Baltic Exchange for post on Singapore bunkering publication Manifold Times:

All values are in US$/metric ton, all-in (invoice price), delivered on board
Delivery in 7-10 days
ISO 8217:2010
IFO 380 3.5% Sulphur
IFO 380 0.5% Sulphur
DMA 0.1% Sulphur

Fujairah – Offshore Anchorage Area
Gibraltar – Anchorage area
Houston – Houston Harbor
Panama – (Pacific) dangerous cargo area, Balboa
Rotterdam – Waalhaven Maasvlakte range
Singapore – Anchorage, under SBA Scheme
Zhoushan – Southern anchorage area

Submitted weekly at Close of Business UK time Daily

Panellists:
Cockett Marine Oil Pte, Island Oil Limited, KPI OceanConnect, Monjasa A/S, NSI Marine and Transparensea Fuels

Photo credit and source: Baltic Exchange
Published: 26 June, 2026