Global IFO 380 Prices Today

An overview of current Intermediate Fuel Oil (IFO 380) bunker fuel prices worldwide, including market drivers, regional differences, and short-term trends.

Introduction — Understanding IFO 380

IFO 380 (Intermediate Fuel Oil 380) is a high-viscosity residual marine fuel primarily used by large ocean-going vessels such as bulk carriers, tankers, and container ships. Despite the transition toward low-sulfur fuels, IFO 380 remains widely traded in regions where vessels are equipped with exhaust gas scrubbers or operate outside strict emission control areas.

1. Global IFO 380 Price Levels Today

Global IFO 380 prices vary significantly depending on geography, port infrastructure, refinery access, and local demand. Current market conditions indicate the following typical spot price ranges at major bunkering hubs:

• Asia (Singapore and regional hubs): approximately USD 350–440 per metric tonne
• Northwest Europe (Rotterdam and surrounding ports): approximately USD 360–410 per metric tonne
• Middle East (Fujairah and Gulf ports): approximately USD 330–410 per metric tonne
• Americas (US Gulf and Caribbean): approximately USD 340–410 per metric tonne
• Mediterranean: approximately USD 370–490 per metric tonne

These prices represent indicative spot levels for delivered bunker fuel and may change daily depending on market conditions.

2. Comparison of Major Bunkering Regions

3. Key Factors Influencing IFO 380 Prices

IFO 380 pricing is influenced by a combination of global and local factors:

• Crude oil price movements, especially heavy and sour crude grades
• Refinery output and residual fuel availability
• Shipping activity and seasonal freight demand
• Port logistics, storage capacity, and barge availability
• Geopolitical developments affecting energy supply chains

4. Market Trends and Recent Developments

In recent periods, IFO 380 prices have shown moderate softening following earlier market highs. This trend reflects easing crude oil prices, stable refinery operations, and balanced shipping demand. However, regional volatility remains, with price spreads between ports widening during periods of logistical disruption or refinery maintenance.

5. Impact of Environmental Regulations

Environmental regulations continue to influence IFO 380 demand and pricing:

• IMO sulfur limits have reduced usage in non-scrubber vessels
• Scrubber-equipped ships sustain residual fuel demand
• Fuel switching between IFO 380 and low-sulfur alternatives affects price spreads

As a result, IFO 380 pricing increasingly reflects niche demand rather than mass adoption.

6. Short-Term Price Outlook

Short-term IFO 380 prices are expected to remain sensitive to:

• Crude oil market volatility
• Seasonal shipping cycles
• Refinery maintenance schedules
• Regulatory enforcement and compliance costs

While major price spikes are not expected under stable conditions, localized shortages can lead to temporary increases.

7. FAQ — Global IFO 380 Prices

1. Why do IFO 380 prices differ by port?
   Differences arise from local supply, logistics costs, storage capacity, and demand levels.
2. Is IFO 380 still widely used?
   Yes, particularly by vessels fitted with scrubbers and operating outside strict emission zones.
3. Are IFO 380 prices linked to crude oil?
   Yes, but residual fuel prices also depend heavily on refinery yields and shipping demand.
4. Can IFO 380 prices change daily?
   Yes, bunker fuel prices are dynamic and can move daily or even intra-day.
5. Are prices quoted delivered or ex-terminal?
   This depends on supplier terms and port practices and should always be clarified in contracts.

Conclusion — Interpreting Global IFO 380 Prices

Global IFO 380 prices today reflect a complex balance between crude markets, refinery output, environmental regulation, and maritime demand. While no single global benchmark exists, major bunkering hubs provide reliable indicators of market direction. For shipowners and operators, understanding regional price dynamics and regulatory context remains essential for effective bunker procurement and cost control.