Mabux: Global Bunker Prices

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MARKET BUNKER PRICES (MBP)
- 400+ ports worldwide
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- Differentials section: VLSFO/380 HSFO, VLSFO/MGO LS, MGO LS/VLSFO
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DIGITAL BUNKER PRICES (DBP:ICE/NYMEX)
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MABUX ARA LNG Bunker Index
Port LNG$/mton MGO LS$/mton Date
ARA
688.50
-18.00
663.00
+3.00
Nov 24
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Port	LNG$/mton	MGO LS$/mton	Date
ARA	688.50	-18.00	663.00	+3.00	Nov 24

MABUX Global Bunker Index

380HSFO$/mton		VLS FO$/mton		MGO LS$/mton		Date
408.04	+4.15	491.87	+4.04	768.65	+1.13	Nov 27

Click to see Regional Bunker Indexes

MABUX Market Differential Index (MDI)

Correlation between market bunker prices (MBP) and MABUX Digital Bunker Price Benchmark (DBP)

All Indexes in $/mton	380HSFO			VLS FO			MGO LS			Date
All Indexes in $/mton	MBP Index	DBP Index	MDI	MBP Index	DBP Index	MDI	MBP Index	DBP Index	MDI	Date
Rotterdam	356	412	-56	402	462	-60	663	671	-8	Nov 27
Singapore	357	408	-51	436	499	-63	673	664	+9	Nov 27
Fujairah	336	379	-43	436	490	-54	714	727	-13	Nov 27
Houston	356	384	-28	430	438	-8	670	685	-15	Nov 27

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Digital Bunker Prices
Reasons, Mechanism, Benefits
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Analytical Section
- Daily and Weekly Bunker analyses and Future Curves
- World and regional Bunker indices
- Bunker Price Forecast for 40+ ports
- Digital Bunker Prices
MABUX for Industry
- API for integration with your application, custom solutions available upon demand
- Bunker market analyses upon request for required region or port
- Bunker Price seminars that allow to learn how to use MABUX tools for bunker business
- MABUX Open Bunker Directory features contact details of bunker suppliers, traders and brokers worldwide.
Latest News
- 2025-11-27
  Ports of LA and Long Beach fast-track zero-emission tech rollout
  A newly approved pact aims to accelerate the development and deployment of zero-emission technology and supporting infrastructure at both ports. The Los Angeles Board of Harbor Commissioners has approved a cooperative agreement with the South Coast... Read more A newly approved pact aims to accelerate the development and deployment of zero-emission technology and supporting infrastructure at both ports.
  
  The Los Angeles Board of Harbor Commissioners has approved a cooperative agreement with the South Coast Air Quality Management District to cut emissions across all major port operations.
  
  This includes cargo-handling equipment, harbor craft, drayage trucks, trains, and ocean-going vessels.
  
  Alongside this agreement, both ports said they continue to work with the South Coast AQMD on adding new Clean Air Action Plan (CAAP) measures, targeting emissions from ocean-going vessels, which is the single largest source of pollution at the San Pedro Bay complex.
  
  The AQMD Board is expected to review these proposed “CAAP-Plus” measures in spring 2026.
  
  The cooperative agreement, which was approved earlier this month by both the South Coast AQMD and the Port of Long Beach, requires the ports to develop detailed zero-emission infrastructure plans in three phases, beginning with a draft roadmap due in May 2027.
  
  Final approved plans for all emission categories must be completed by the end of 2029.
  
  "Continuing a decade of inaction on this issue is simply not an option, and I am grateful to everyone who participated in the conversation to move this zero-emission legislation forward," said Los Angeles City Council member and South Coast AQMD Board Member Nithya Raman.
  
  To ensure accountability, the South Coast AQMD will verify port progress through annual reports and regular updates to its Governing Board.
  
  Penalties for non-compliance range from $50,000 to $200,000 per violation, with collected fees directed toward projects benefiting communities near the ports. Source: engine.online
- 2025-11-27
  NYK Line and BHP partner to decarbonise dry bulk vessels
  Japanese shipping company Nippon Yusen Kaisha (NYK Line) and Australian miner BHP Group have renewed their partnership to accelerate decarbonisation in dry bulk shipping. The updated agreement extends their joint work on ammonia dual-fuel vessel technologies,... Read more Japanese shipping company Nippon Yusen Kaisha (NYK Line) and Australian miner BHP Group have renewed their partnership to accelerate decarbonisation in dry bulk shipping.
  
  The updated agreement extends their joint work on ammonia dual-fuel vessel technologies, ongoing biofuel trials, and other low-carbon initiatives. The two companies will also deepen cooperation on improving safety standards for transporting a wide range of dry bulk cargoes.
  
  Their goal is to push the dry bulk sector toward cleaner operations while strengthening safety practices. The original partnership began in 2022.
  
  Source: engine.online
- 2025-11-27
  Twenty-five new zero-emission trade routes were launched in 2025, taking the global total to 84, finds new report
  The newly-published annual progress report on Green Shipping Corridors from the Getting to Zero Coalition and the Global Maritime Forum has reported that 25 new zero-emission trade routes were launched in 2025, bringing the global total of active initiatives... Read more
- 2025-11-27
  Viroque Energy enters Ecuadorian bunker market
  Spain-based Viroque Energy has announced that it is expanding its bunkering activities into Ecuador. In a notice posted on LinkedIn today (27 November), Viroque said it will be offering high sulphur fuel oil (HSFO) and very low sulphur fuel oil (VLSFO)... Read more
- 2025-11-27
  FLEX Commodities launches physical supply operations in Namibia
  Dubai-headquartered FLEX Commodities says its new operations in Walvis Bay and Lüderitz mark ‘the first step in a transformative expansion across the West Africa region.’ The company is offering ISO-compliant very low sulphur fuel oil (VLSFO) and low... Read more
- 2025-11-27
  Oil prices dip on large US stock build, Ukraine peace push
  Oil prices slipped in Asian trade on Thursday after official data showed a much larger-than-expected build in U.S. crude stocks, while a Washington-backed Ukraine peace framework raised the prospect of more Russian supply returning to markets. As of... Read more Oil prices slipped in Asian trade on Thursday after official data showed a much larger-than-expected build in U.S. crude stocks, while a Washington-backed Ukraine peace framework raised the prospect of more Russian supply returning to markets.
  
  As of 21:19 ET (02:19 GMT), Brent Oil Futures expiring in January fell 0.25% to $62.84 per barrel, while West Texas Intermediate (WTI) crude futures slipped 0.4% to $58.40 per barrel.
  
  Both contracts gained over 1% on Wednesday as markets hiked up bets for a Federal Reserve rate cut next month, a move which generally supports crude prices.
  
  US crude stocks jump above expectations - EIA
  The U.S. Energy Information Administration reported on Wednesday that crude inventories rose by 2.8 million barrels in the week to Nov. 21, versus market expectations for only a small increase og 55,000 barrels.
  
  Total motor gasoline stocks increased by 2.5 million barrels, and distillate inventories rose by 1.1 million barrels, reflecting a mixed demand picture in the fuel complex.
  
  "The increase was driven by a 560k b/d week-on-week decline in crude exports, while imports were up 486k b/d," ING analysts said in a note.
  
  The surprise builds helped cap prices after earlier gains, reinforcing concerns that global supply could outpace demand into 2026. The EIA and other forecasters have pointed to rising production and inventories that will weigh on prices next year.
  
  Russia-Ukraine peace prospects pressure oil
  Meanwhile, the U.S. is pressing ahead with a Russia-Ukraine peace plan, and Ukrainian President Volodymyr Zelenskiy has signalled readiness to advance a U.S.-backed framework.
  
  U.S. envoy Steve Witkoff is scheduled to travel to Moscow next week to discuss the plan, a move that has raised the possibility of a ceasefire or deal that could loosen some Western constraints on Russian energy exports.
  
  Such an outcome would likely add supply to already well-stocked markets and further pressure prices.
  
  "A peace deal would likely remove much of the supply risk facing the market, potentially leading to the lifting of US sanctions on Russia. For today, though, market action is likely to be relatively muted due to the US Thanksgiving holiday," ING analysts wrote.
  
  "OPEC+ is set to meet this weekend. We believe the group will leave production unchanged. The fundamental outlook remains fairly similar to where it was at the group’s last meeting," they added.
  
  Source: Investing.com/ Reuters
- 2025-11-27
  Serbia Prepares Legal Path To Nationalize Russian Refinery After US Sanctions
  The Serbian government is preparing an amendment to the country’s budget law that will allow it to nationalize the Naftna Industrija Srbije (NIS) refinery, majority owned by Russia's Gazprom Neft and Gazprom, if no third party offers quickly emerge. Last... Read more The Serbian government is preparing an amendment to the country’s budget law that will allow it to nationalize the Naftna Industrija Srbije (NIS) refinery, majority owned by Russia's Gazprom Neft and Gazprom, if no third party offers quickly emerge. Last week, NIS submitted a request to the U.S. Department of Treasury's Office of Foreign Assets Control (OFAC) to continue operations until negotiations for an ownership change conclude.
  
  "One of the amendments that will be submitted will be the one that will foresee the circumstance that at some point we will take over NIS,’’ said Ana Brnabic, a close confidante of Serbian President Aleksandar Vucic.
  
  Located in the city of Pancevo, near Belgrade, NIS is the only oil refinery in Serbia. The refinery has the capacity to process 4.8 million tons of crude per year. In the first half of 2025, the refinery processed approximately 1.677 million tons, a 20% increase compared to the same period in 2024, when a major maintenance turnaround was carried out.
  
  The U.S. has waived sanctions against NIS several times since the Trump administration included the company in its long list of sanctioned companies. However, the situation has now become tenuous after banks stopped processing NIS payments after the last U.S. waiver expired on October 8, while Croatia's JANAF pipeline stopped delivering crude to the refinery.
  
  Last month, Serbian Energy Minister Dubravka Djedovic Handanovic warned that NIS would not be able to operate beyond November 25 without fresh crude supplies. Thankfully, Hungary has come to the rescue, with Hungary pledging to deliver more oil products to Serbia. According to Hungary’s energy minister Peter Szijjarto, Hungary’s energy giant MOL will further ramp up deliveries to Serbia, having doubled exports since November.
  
  "Serbia can always count on Hungary to secure its energy needs. We will never leave you on your own," Szijjarto said after meeting his Serbian counterpart.
  
  Oil products from Hungary to Serbia are transported by road, rail and ship. However, MOL has stated it cannot cover all of Serbia's total market needs by itself.
  Source: Oilprice.com
- 2025-11-27
  Lebanon, Cyprus Sign Deal Mapping Offshore Gas Zone
  Lebanon and Cyprus have signed a maritime demarcation deal, paving the way for energy cooperation between the two countries, including exploration of offshore gas fields in the Mediterranean. The deal was signed at Lebanon's presidential palace on... Read more Lebanon and Cyprus have signed a maritime demarcation deal, paving the way for energy cooperation between the two countries, including exploration of offshore gas fields in the Mediterranean.
  
  The deal was signed at Lebanon's presidential palace on Wednesday, with Cypriot President Nikos Christodoulides telling reporters it signals deeper cooperation between the two countries and the broader EU.
  
  Lebanon and Cyprus had agreed to a preliminary mapping deal in 2007, but did not advance on the matter due to delays in its ratification by the Lebanese parliament. Lebanon and Israel signed a similar deal in 2022, with the agreement brokered by the Biden administration.
  
  "This is a historical agreement, concluding an issue pending for many years and now look forward to what our countries can jointly create," Christodoulides said.
  
  Cyprus and Lebanon both share the Levant Basin Province, an offshore geological area in the eastern Mediterranean Sea and home to the Leviathan, Tamar and Aphrodite fields.
  
  Rich in hydrocarbon deposits, the basin extends across the waters of several countries, including Israel, Syria, Egypt, and Turkey. A 2010 USGS study estimated the basin holds ~1.7 billion barrels of oil and 122 trillion cubic feet (Tcf) of gas. Lebanon in particular will be hoping that gas discoveries could help reverse the country's economic crisis.
  
  While exploration has been attempted before with limited results in some areas, future activity depends on seismic surveys in other blocks and the outcome of the upcoming Third Offshore Licensing Round. Exploration work was previously carried out in Block 4, north of Beirut, by TotalEnergies Lebanon, which did not yield promising results. TotalEnergies (NYSE:TTE) has expressed potential interest in Block 8, but this requires further seismic surveys, meaning drilling would not begin for several years.
  
  Cyprus, on the other hand, has been luckier: ExxonMobil (NYSE:XOM) and QatarEnergy discovered a new gas reservoir in Block 10 in July 2025, named Pegasus-1. Preliminary estimates suggest this could add a significant amount to Cyprus's reserves, with some analysts suggesting it holds 3.2 trillion cubic feet of recoverable gas. Cyprus has confirmed several other gas fields, including Aphrodite and the Glaucus field (which is near the new Pegasus discovery).
  
  The Cronos field in Block 6, discovered in 2022, is another significant find. The country is actively working on development plans, including agreements with Egypt to potentially transport gas via subsea pipeline to be liquefied and exported. Source:
- 2025-11-27
  Czech Energy Firm to Close Coal Plants amid Worsened Economics
  Unprofitable coal-fired power plants and uncertainty about electricity and natural gas prices and the cost of carbon emission allowances have forced Czech energy firm Sev.en to decide to close three coal plants by March 2027 at the latest. Sev.en,... Read more Unprofitable coal-fired power plants and uncertainty about electricity and natural gas prices and the cost of carbon emission allowances have forced Czech energy firm Sev.en to decide to close three coal plants by March 2027 at the latest.
  
  Sev.en, owned by Czech energy investor and billionaire Pavel Tykac, on Wednesday said it would close its coal-fired power plants at Pocerady, Chvaletice, and Kladno at the earliest possible legal deadline, December 2026, or in March 2027 at the latest.
  
  The closure of the three major coal plants will remove 2.4 gigawatts (GW) of baseload power off the Czech grid in a little over a year.
  
  The Czech Republic has pledged to phase out coal-fired power generation by 2033.
  
  However, the lack of profitability is forcing Sev.en to end operations at its three plants much sooner.
  
  Currently, the economics are very unfavorable for the power generators using domestic brown coal, Sev.en said in a statement. The expected near-term prices of electricity and the cost of emission allowances threaten permanent losses at the coal-fired power plans.
  
  In addition, there are uncertainties about the cost of emission allowances, the price of natural gas, and the pace at which renewables will switch on to the power system in the country, Sev.en said.
  
  “All of these facts have forced us to terminate the operation of our coal-fired power plants - Po?erady Power Plant, Chvaletice Power Plant, and Kladno Heating Plant at the earliest possible legal deadline, i.e. in December 2026, at the latest in March 2027,” the company noted.
  
  Last year, coal and coal products held the largest share, 25.3%, of Czechia’s energy supply, followed closely by oil and oil products with a 25.1% share, according to estimates by the International Energy Agency (IEA).
  
  Nuclear power accounted for 20.6% of the total energy supply, and natural gas held a 15.2% share. Source: Oilprice.com
- 2025-11-27
  Dangote Diesel Fails to Meet Europe’s Winter Fuel Standards
  European traders and fuel importers are currently steering clear of diesel from the Dangote refinery in Nigeria, Africa’s biggest and newest, because the current fuel samples contain sulfur and other components exceeding the European winter fuel specifications,... Read more European traders and fuel importers are currently steering clear of diesel from the Dangote refinery in Nigeria, Africa’s biggest and newest, because the current fuel samples contain sulfur and other components exceeding the European winter fuel specifications, traders and market sources tell Argus.
  
  Despite the tight fuel market in the European region, buyers are avoiding diesel from the Dangote refinery because of elevated sulfur and cetane numbers.
  
  The current lack of exports from Nigeria to Europe is due to diesel not meeting European standards for winter fuels and not suitable for blending to produce other fuels, the sources told Argus.
  
  The issue is not arbitrage economics, it is off-specification content in the fuels, a Nigerian source familiar with the matter told Argus.
  
  The Dangote refinery “can't supply winter diesel, at present, to the colder regions [of Europe],” the source said.
  
  A European distillates trader also commented on a sample from mid-November, telling Argus that the diesel from Dangote has compounds far exceeding the German winter specifications, for example.
  
  The lack of European imports of diesel from Nigeria could tighten the regional market further.
  
  Africa’s newest and biggest refinery, the 650,000-barrels-per-day Dangote plant, also faces operational setbacks, unplanned outages, a strike, and suspected sabotages by workers amid restructuring.
  
  Refining margins in North America and Asia are now at their highest since late 2023 and early 2024, while European margins are even higher as the market braces for a significant disruption early next year when the EU will ban, effective January 21, imports of products made from Russian crude oil, per the July sanctions package against Russia.
  
  In this package, the EU finally moved to close the Russian oil loophole, which currently allows EU imports of fuels processed from Russian oil, including in India, a key buyer of Russian crude until now. Source: Oilprice.com

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