Refined Products · Daily Forward Curve
Europe & Med Fuel Oil 1.0% Mediterranean Forward Curve — FOB Mediterranean
- CommodityScope Indicative Assessment
- CS Series CS-FWD-MED-FO10
- daily cadence · FOB Mediterranean · USD/mt
- Oil Products & Physical Crude Methodology v1.0
The curve by contract month is first. The M1 history chart and statistics follow. The latest midpoint, range and change are in the card below.
Forward curve — 21 October 2026
All tenors published for this series on the assessment date, in USD/mt. Mids are plotted by contract month; bid and offer are listed where they are available.
| Tenor | Contract | Bid | Offer | Mid |
|---|---|---|---|---|
| M1 | Nov26 | — | — | 634.00 |
| M2 | Dec26 | — | — | 618.25 |
The highlighted M1 row is the tenor charted and summarised below. Other tenors are shown for this date only.
Latest M1 Mid
- Basis
- FOB Mediterranean
- Unit
- USD/mt
- Frequency
- Daily
- CS Series
- CS-FWD-MED-FO10
M1 History
USD/mt · Calendar gaps and contract rolls are not interpolated. FOB Mediterranean · · M1 history
Price Changes and Historical Range
Computed statistics are CommodityScope calculations from the series history.
Monthly M1 Averages
Average, minimum and maximum of assessment midpoints in each calendar month. These are not the daily assessment range. Incomplete latest months are marked month to date.
| Month | Average mid | Min mid | Max mid | Observations |
|---|---|---|---|---|
| October 2026Month to date | 605.97 | 562.50 | 634.00 | 15 |
| September 2026 | 574.99 | 531.75 | 609.00 | 22 |
| August 2026 | 512.96 | 471.75 | 548.75 | 19 |
| July 2026 | 489.71 | 432.25 | 559.50 | 14 |
| June 2026 | 501.71 | 438.50 | 557.75 | 13 |
| May 2026 | 590.65 | 544.00 | 628.25 | 17 |
| April 2026 | 576.65 | 546.75 | 623.00 | 13 |
| March 2026 | 582.73 | 502.50 | 647.25 | 16 |
| February 2026 | 382.66 | 372.50 | 402.00 | 11 |
| January 2026 | 373.13 | 358.50 | 387.75 | 2 |
Recent M1 Assessments
Latest CommodityScope daily assessments for the defined market basis. Dates without an available assessment are omitted. The chart above is interactive; this table is the dated history.
| Date | Bid | Offer | Mid | Δ vs previous |
|---|---|---|---|---|
| 2026-10-21 | — | — | 634.00 | +12.25 |
| 2026-10-20 | — | — | 621.75 | -8.50 |
| 2026-10-19 | — | — | 630.25 | -0.25 |
| 2026-10-16 | — | — | 630.50 | +3.50 |
| 2026-10-15 | — | — | 627.00 | -0.75 |
| 2026-10-14 | — | — | 627.75 | +5.00 |
| 2026-10-13 | — | — | 622.75 | +8.00 |
| 2026-10-12 | — | — | 614.75 | +12.25 |
| 2026-10-09 | — | — | 602.50 | -13.25 |
| 2026-10-08 | — | — | 615.75 | +31.25 |
| 2026-10-07 | — | — | 584.50 | +17.75 |
| 2026-10-06 | — | — | 566.75 | -10.75 |
| 2026-10-05 | — | — | 577.50 | +15.00 |
| 2026-10-02 | — | — | 562.50 | -8.75 |
| 2026-10-01 | — | — | 571.25 | -8.25 |
| 2026-09-30 | — | — | 579.50 | +13.50 |
| 2026-09-29 | — | — | 566.00 | -20.75 |
| 2026-09-28 | — | — | 586.75 | -6.00 |
| 2026-09-25 | — | — | 592.75 | -16.25 |
| 2026-09-24 | — | — | 609.00 | +16.75 |
| 2026-09-23 | — | — | 592.25 | +20.75 |
| 2026-09-22 | — | — | 571.50 | +0.25 |
| 2026-09-21 | — | — | 571.25 | -19.25 |
| 2026-09-18 | — | — | 590.50 | +6.25 |
| 2026-09-17 | — | — | 584.25 | -7.75 |
| 2026-09-16 | — | — | 592.00 | -16.00 |
| 2026-09-15 | — | — | 608.00 | +8.00 |
| 2026-09-14 | — | — | 600.00 | +8.75 |
| 2026-09-11 | — | — | 591.25 | +4.00 |
| 2026-09-10 | — | — | 587.25 | — |
What This FOB Mediterranean Price Represents
Daily FOB Mediterranean 1.0% fuel oil swap values by contract month in USD/mt; the page history follows the M1 tenor.
Compare With
Each comparison states why the series are related and whether the latest values can be subtracted directly (same unit, currency and assessment date). Where they cannot, the values are shown side by side without a difference.
| Series | Why compare | Latest | Difference (this − other) |
|---|---|---|---|
| Fuel Oil 1.0% — Mediterranean CIF CIF Med · USD/mt · daily | CIF Med 1.0% physical cargoes (note the CIF basis of the physical series vs the FOB basis of the swap).
| 688.25 21 Oct 2026 | not directly comparable |
| Fuel Oil 1.0% NWE Forward FOB NWE · USD/mt · daily | NWE 1.0% swaps. | 621.50 21 Oct 2026 | +12.50 |
CommodityScope Assessment Basis
This is the CommodityScope series definition for the published midpoint and assessment range. Characteristics that are not part of this basis are not inferred.
- Product
- Fuel Oil 1.0% Mediterranean Forward
- Product quality
- FOB Mediterranean · · M1 history
- Location basis
- FOB Mediterranean
- Parcel basis
- Typical physical cargo as transacted on the stated location basis. CommodityScope does not fix a standard parcel tonnage.
- Delivery / loading period
- Not fixed in the published series basis.
- Assessment window
- CommodityScope daily assessment dated as of the published assessment date.
- Currency / unit
- USD/mt
- Normalization
- Inputs used for the midpoint and the assessment range are considered only after they can be expressed on this series basis and unit. Cross-unit values are not converted on the public site and are not mixed into this series.
Specification · stated in the assessment basis
- 1.0% sulphur; tenors as defined for this series.
- FOB Mediterranean · · M1 history
Basis: FOB Mediterranean
- FOB (free on board): the price covers the product loaded on the vessel at the named origin; sea freight and insurance to the destination are excluded, so FOB values from different loading areas are not delivered-cost equivalents.
- The Mediterranean basis covers cargo loadings (FOB Med, typically Italian ports) or deliveries (CIF Med) within the Mediterranean basin.
Unit: USD/mt
- Same unit as the underlying physical product (USD/bbl or USD/mt).
How to use this series, and what it is not for
How to use this series
- Read the curve shape (M1 vs M2) as the market’s time structure; compare M1 with the physical price of the same product and basis.
What it is not suitable for
- Treating a swap value as a physical cargo price.
- Comparing swaps of different products or units.
Product and market references
- CommodityScope Market Assessment Methodology
- ICC Incoterms® 2020 rules (FOB, CFR, CIF, FCA definitions) — Meaning of the delivery terms used in the basis column.
Assessment, assessment range and computed statistics: CommodityScope. The assessment range is an uncertainty interval around the midpoint, not a bid/offer spread. See the Oil Products & Physical Crude Methodology v1.0 for assessment basis, calculation principles and data policy.