The global bunker market maintained a downward trajectory during Week 24 as a temporary stabilization of the geopolitical situation in the Middle East eased concerns over potential supply disruptions, Sergey Ivanov, Director at MABUX, noted. The 380 HSFO index declined by US$29.84, falling from US$725.22/MT last week to US$695.38/MT and dropping below the psychological US$700 threshold. The VLSFO index also moved lower, decreasing by US$23.30 from US$875.61/MT to US$852.31/MT. The MGO LS index recorded the largest loss among the main bunker grades, falling by US$36.78 from US$1,312.77/MT last week to US$1,275.99/MT. At the time of writing, bearish sentiment continued to dominate the market, with bunker prices extending their decline at a moderate pace, Ivanov explained. The MABUX Global Scrubber Spread (SS) — the price differential between 380 HSFO and VLSFO — continued its moderate upward movement, increasing by US$6.54 from US$150.39 last week to US$156.93. The index surpassed the US$150.00 level and remained comfortably above the psychological US$100.00 threshold, which is generally regarded as the SS breakeven point. The weekly average of the Global SS Spread also strengthened, rising by US$11.66. In Rotterdam, however, the SS Spread moved in the opposite direction, declining by US$12.00 from US$97.00 last week to US$85.00. The index remained below the US$100.00 mark, while its weekly average decreased by US$5.83. In Singapore, the 380 HSFO/VLSFO spread widened significantly by US$40.00, increasing from US$125.00 last week to US$165.00 and exceeding the US$150.00 level. At the same time, the port’s weekly average SS Spread edged lower by US$7.17. Overall, the SS Spread continues to lack a clear directional trend, with regional indices moving in opposite directions. Nevertheless, spread values above US$100.00 continue to indicate stronger economic incentives for scrubber-equipped vessels consuming 380 HSFO compared to ships operating on conventional VLSFO. Lookin