Mabux: Global Bunker Prices

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MARKET BUNKER PRICES (MBP)
- 400+ ports worldwide
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- Price forecast short (1 day) and long (rolling forward 2 years)
- 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
665.00
+2.00
Nov 24
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Port	LNG$/mton	MGO LS$/mton	Date
ARA	688.50	-18.00	665.00	+2.00	Nov 24

MABUX Global Bunker Index

380HSFO$/mton		VLS FO$/mton		MGO LS$/mton		Date
410.82	+2.78	490.56	-1.31	769.95	+1.30	Nov 28

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	358	413	-55	408	463	-55	665	683	-18	Nov 28
Singapore	359	409	-50	437	501	-64	670	676	-6	Nov 28
Fujairah	326	380	-54	433	491	-58	715	739	-24	Nov 28
Houston	362	387	-25	431	441	-10	680	687	-7	Nov 28

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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
- 2025-11-28
  CMA CGM gives customers a heads-up on expected ETS surcharge increases
  With the European Union’s Emissions Trading System (EU ETS) regulation set to account for 100% of shipowners’ CO2 emissions in 2026 rather than the current 70%, CMA CGM has informed its customers that it anticipates an increase of approximately 43% from... Read more
- 2025-11-28
  Viva Energy mulling bio-LPG production plans
  Australia’s Viva Energy is considering plans to start producing bio-LPG at its Geelong refinery in Victoria. In a statement issued yesterday (27 November), Viva Energy announced that it has signed a Memorandum of Understanding (MoU) with the energy... Read more
- 2025-11-28
  T&E publishes report on sourcing sustainable e-fuels for ships and planes
  In a newly-published report on sustainable fuels for maritime and aviation, climate NGO Transport & Environment has concluded that pulp and paper, biomass power, energy from waste facilities (EfWs), ethanol, and biogas upgrading are ‘particularly attractive... Read more
- 2025-11-28
  Molslinjen receives DKK 180 million funding for three electric ferries
  Danish ferry operator Molslinjen has received DKK 180 million ($27.9 million) in government funding for the purchase of three newbuild electric fast ferries that are expected to enter operations from 2027. The funding was awarded by the Investment... Read more
- 2025-11-28
  Minerva Bunkering adds barge to Las Palmas operations
  Geneva-based Minerva Bunkering has reached a deal with the Port Authority of Las Palmas to expand its bunkering activities, including deploying the bunker barge MT Mars. The agreement also covers plans for a new terminal designed to support the port’s... Read more Geneva-based Minerva Bunkering has reached a deal with the Port Authority of Las Palmas to expand its bunkering activities, including deploying the bunker barge MT Mars.
  
  The agreement also covers plans for a new terminal designed to support the port’s energy-transition goals, along with a 15-year extension of Minerva’s terminal concession in Las Palmas. Source: Engine.online
- 2025-11-28
  Swiss engine maker WinGD has teamed up with marine technology firm Panasia to upgrade LNG dual-fuel engines already in service w
  The collaboration centres on retrofit technologies that let older LNG dual-fuel engines match the performance of WinGD’s latest newbuild engines—achieving similar fuel efficiency, emission levels and reduced methane slip. These upgrades can bring methane... Read more
- 2025-11-28
  Oil prices steady with Ukraine peace, OPEC+ meeting in focus; set for weekly rise
  Oil prices were steady in Asian trading on Friday as investors weighed U.S.-led efforts to advance a Russia-Ukraine peace framework and awaited a key OPEC+ meeting this weekend to gauge the supply outlook for early 2026. As of 21:27 ET (02:27 GMT),... Read more Oil prices were steady in Asian trading on Friday as investors weighed U.S.-led efforts to advance a Russia-Ukraine peace framework and awaited a key OPEC+ meeting this weekend to gauge the supply outlook for early 2026.
  
  As of 21:27 ET (02:27 GMT), Brent Oil Futures expiring in January was muted at $63.35 per barrel, while West Texas Intermediate (WTI) crude futures gained 0.6% to $59.02 per barrel.
  
  Both contracts were set to gain over 1% for the week, aided by growing chances of a Federal Reserve rate cut next month.
  
  US-led Ukraine peace push in focus
  Washington has been working with Kyiv on a revised framework aimed at bringing the nearly four-year conflict to a negotiated end.
  
  The proposal, discussed in Geneva in recent days, is designed to lay out a path for phased security guarantees and territorial arrangements that Western officials hope could eventually serve as the basis for broader talks with Moscow.
  
  Any credible progress could ease sanctions-linked constraints on Russian oil exports over time, removing part of the geopolitical risk premium embedded in crude prices.
  
  Russian President Vladimir Putin said this week that the U.S.-Ukraine text could form the basis of a future agreement, though he stressed that no final draft had been approved and reiterated that Moscow would not offer major concessions.
  
  U.S. special envoy Steve Witkoff is expected to visit Moscow next week. The trip, which the Kremlin says will include senior U.S. officials, could add modest downward pressure on prices by reducing perceived supply risks, though many doubt a near-term breakthrough.
  
  OPEC+ meeting looms
  With geopolitical developments still fluid, attention has shifted to the weekend OPEC+ meeting, where the producer group is widely expected to avoid raising output.
  
  Delegates have signaled the alliance may instead focus on implementing a long-planned capacity review mechanism as it tries to balance rising non-OPEC supply with still-uneven global demand.
  
  "The fundamental outlook remains fairly similar to where it was at the group’s last meeting," ING analysts said in a note. Source: Investing.com/ Reuters
- 2025-11-28
  OPEC+ Expected to Extend Pause on Oil Hikes as Prices Stay Weak
  OPEC+ members are expected to stick with their decision to pause oil production increases when the group meets online this Sunday, signaling a cautious approach amid growing signs of oversupply and persistent weakness in prices. Delegates told reporters... Read more OPEC+ members are expected to stick with their decision to pause oil production increases when the group meets online this Sunday, signaling a cautious approach amid growing signs of oversupply and persistent weakness in prices.
  
  Delegates told reporters the meeting is likely to be “straightforward,” with ministers simply reaffirming the policy agreed earlier this month to suspend output hikes during the first quarter of 2026. The pause, driven largely by Saudi Arabia and its partners, reflects concern that global inventories are rising faster than demand as Brent crude continues to hover near $63 a barrel.
  
  The meeting comes at a delicate moment for energy markets. U.S. President Donald Trump is pressing for a Ukraine peace deal that could eventually free up more Russian oil supply, while production elsewhere continues to surge. Analysts say the combination of easing geopolitical risk and resilient non-OPEC output is weighing heavily on market sentiment.
  
  OPEC’s own analysis points to faster growth from the United States, Brazil, and Guyana, with non-OPEC liquids expected to rise by about 1.3 million barrels per day (bpd) next year. Global demand, meanwhile, is forecast to increase by 1.6 million bpd to 106.2 million bpd — strong, but no longer enough to tighten balances. The result is a market shifting from deficit to balance, and potentially toward surplus, if demand softens further.
  
  The International Energy Agency projects an even looser picture, warning that inventories could swell by as much as 5 million bpd in the first quarter of 2026 — a record glut that would further pressure prices.
  
  Still, OPEC Secretary-General Haitham al Ghais pushed back against talk of oversupply, accusing some media of misinterpreting the group’s latest Monthly Oil Market Report. “There was a misrepresentation by some media... about the market being in a surplus next year,” al Ghais told CNBC, insisting that OPEC expects a balanced market in 2026.
  
  For now, OPEC+ plans to maintain voluntary output cuts by Saudi Arabia, Iraq, and others through early 2026. But several members have begun reviewing long-term production capacity, suggesting that if prices stabilize, incremental increases could resume later in the year.
  
  Market watchers expect Sunday’s meeting to confirm the pause and underscore a wait-and-see strategy — one designed to preserve unity and flexibility as the world’s largest oil alliance navigates slowing demand growth, rising supply, and an uncertain geopolitical outlook. Source: Oilprice.com
- 2025-11-28
  False-Flag Tankers Shipped Russian Oil Worth $5.4 Billion This Year
  Tankers of the Russian shadow fleet have increased the use of flying false flags this year and exported $5.4 billion (4.7 billion euros) worth of Russian oil between January and September, the Centre for Research on Energy and Clean Air (CREA) said in... Read more Tankers of the Russian shadow fleet have increased the use of flying false flags this year and exported $5.4 billion (4.7 billion euros) worth of Russian oil between January and September, the Centre for Research on Energy and Clean Air (CREA) said in a new report.
  
  A total of 113 Russian ‘shadow’ vessels flew a false flag during their operations in the first nine months of 2025, the analysis found.
  
  In volumes, 13% of Russian oil transported by ‘shadow’ vessels between January and September 2025 took place on vessels flying a false flag, the Helsinki-based CREA said.
  
  The think tank found that there were 90 vessels that have operated under false flags in September 2025, a six-fold surge compared to December 2024. A total of 52 of these vessels have traded at least once in the third quarter of 2025, according to the analysis, which monitored tanker routes and open flag registries.
  
  These open registries — also known colloquially as flags of convenience — are favored by shippers due to lower regulatory burdens and registration costs than closed registries, which also require a direct link between the vessel and the nation state.
  
  But this year, following the EU, UK, and U.S. sanctions on tankers, many open registries have deflagged sanctioned vessels, and have been reluctant to allow new ‘shadow’ vessels to enter their fleet. A reluctance among traditional open registries to offer their services to the ‘shadow’ fleet has seen the proliferation of many new registries with little to no history on maritime transport, CREA said.
  
  “The most frequently used false flag is that of Malawi. The first such case occurred in June 2025, and since then, 24 vessels have flown Malawi’s flag while carrying Russian oil. Every one of these vessels is sanctioned,” CREA said.
  
  Contacted by Indian outlet PTI to shed light on false-flagging operations to ship Russian crude to India, CREA said its analysis found 30 such vessels shipped crude oil to India in the first nine months of 2025, with the value of the crude estimated at $2.4 billion (2.1 billion euros).
  
  “The number of Russian 'shadow' tankers sailing under false flags is now increasing at an alarming rate,” Luke Wickenden, Energy Analyst and co-author of the report, told PTI.
  
  “False-flagged vessels carried EUR 1.4 billion worth of Russian crude oil and oil products through the Danish Straits in September alone.” Source: Oilprice.com
- 2025-11-28
  Angola Launches Its First Plant to Process Non-Associated Gas
  Angola inaugurated on Thursday its first plant to process non-associated natural gas as the African oil producer looks to develop a standalone gas industry, too. The plant, worth $4 billion, was inaugurated by Angola’s President João Lourenço in the... Read more

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