East of Suez Market Update 9 Oct 2025

Prices in East of Suez ports have moved up, and LSMGO availability is good across several Omani ports.

IMAGE: An aerial view of Sohar Port and Freezone. Sohar Port and Freezone

Changes on the day to 17.00 SGT (09.00 GMT) today:

• VLSFO prices up in Singapore, Fujairah and Zhoushan ($2/mt)
• LSMGO prices up in Singapore ($7/mt), Fujairah ($3/mt) and Zhoushan ($1/mt)
• HSFO prices up in Zhoushan ($9/mt), Fujairah ($6/mt) and Singapore ($1/mt)
• B24-VLSFO at a $246/mt premium over VLSFO in Singapore
• B24-VLSFO at a $271/mt premium over VLSFO in Fujairah

VLSFO benchmarks across the three major Asian bunker ports have remained broadly rangebound over the past day. Fujairah’s VLSFO price stands at a notable discount of $25/mt to Zhoushan and is nearly at parity with Singapore.

LSMGO prices across the same ports have fluctuated within a narrow range of $1–7/mt in the past day. Fujairah’s LSMGO premiums over Singapore and Zhoushan are currently at $54/mt and $50/mt, respectively.

Prompt bunker supply remains tight at Fujairah across all grades, with recommended lead times of 5–7 days — a situation mirrored at the nearby port of Khor Fakkan.

In Oman, ports including Sohar, Salalah, Muscat, and Duqm continue to report stable LSMGO availability.

Meanwhile, bunkering operations at Salalah anchorage officially resumed at the end of September after the monsoon season ended. All weather-related restrictions have been lifted, and normal offshore bunkering activities are now fully operational. 

“There are no special restrictions or additional protocols beyond the standard safety and operational requirements implemented by the Port of Salalah and the concerned authorities,” a representative from marine fuel supplier FECO told ENGINE.

FECO operates a bunker terminal and a barge supplying VLSFO and LSMGO at Salalah anchorage and berths.

Brent

The front-month ICE Brent contract has inched up by $0.41/bbl on the day, to trade at $66.42/bbl at 17.00 SGT (09.00 GMT).

Upward pressure:

Market participants have interpreted the stalled progress on a Ukraine peace deal as an indication that sanctions on Russia—the world’s second-largest oil exporter—are likely to remain in place for now. This has added some upward pressure on Brent futures.

“There are clear upside risks to the oil market, with the most prominent being the ongoing threat of sanctions and secondary tariffs targeting Russia,” said Warren Patterson, head of commodity strategy at ING.

Downward pressure:

US President Donald Trump announced that Israel and Hamas have reached a long-awaited agreement for a Gaza ceasefire and the release of hostages, as part of a broader plan to end the two-year conflict in the Palestinian enclave, according to Reuters. The announcement has put downward pressure on oil prices.

“Crude futures had surrendered some of its gains after US President Donald Trump announced that Israel and Hamas had agreed to the first phase of a peace plan,” said Vandana Hari, founder of VANDA Insights.

Brent crude prices also faced additional pressure, following the release of the US Energy Information Administration’s (EIA) weekly oil inventory report, which showed that commercial US crude stocks rose by 3.7 million bbls to 420.3 million bbls for the week ending 3 October.

By Tuhin Roy

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