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MABUX ARA LNG Bunker Index
Port LNG$/mton MGO LS$/mton Date
ARA
890.00
0.00
875.00
+5.00
Jun 29
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Port	LNG$/mton	MGO LS$/mton	Date
ARA	890.00	0.00	875.00	+5.00	Jun 29

MABUX Global Bunker Index

380HSFO$/mton		VLS FO$/mton		MGO LS$/mton		Date
551.40	-2.34	710.93	-2.12	1 072.76	+7.21	Jun 29

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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	457	525	-68	596	574	+22	875	1 030	-155	Jun 29
Singapore	460	551	-91	703	646	+57	884	1 023	-139	Jun 29
Fujairah	510	487	+23	915	539	+376	1 313	1 086	+227	Jun 29
Houston	488	531	-43	585	609	-24	908	1 029	-121	Jun 29

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Digital Bunker Prices
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Analytical Section
- Daily and Weekly Bunker analyses and Future Curves
- World and regional Bunker indices
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MABUX for Industry
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Latest News
- 2026-06-29
  Oil rises on US-Iran strikes; gains capped by shipping hopes
  Oil rose more than 1% on Monday after attacks by the U.S. and Iran underscored the fragility of their interim peace deal, while expectations of a continued recovery in energy shipping through the Strait of Hormuz limited gains. Iran and the U.S. agreed... Read more Oil rose more than 1% on Monday after attacks by the U.S. and Iran underscored the fragility of their interim peace deal, while expectations of a continued recovery in energy shipping through the Strait of Hormuz limited gains.
  
  Iran and the U.S. agreed to renew talks over the strait, raising hopes of saving the peace deal that had been threatened by days of tit-for-tat strikes.
  
  Brent crude futures were up 77 cents, or around 1.1%, at $72.76 a barrel by 1324 GMT. U.S. West Texas Intermediate crude gained $1, or 1.44%, to $70.23.
  
  "A war premium could remain present until the situation in the Middle East calms down completely, generating fewer headlines," said Achilleas Georgolopoulos, analyst at broker XM.
  
  Brent crude fell 10.6% last week in a third consecutive weekly decline after crude shipments through the strait rose to their highest since the U.S.-Israeli war on Iran began in late February.
  
  "There’s still plenty of risk facing the oil market. Even so, participants appear to be... focusing on what a continued recovery in oil flows would mean for the global balance," ING analysts said in a note on Monday.
  
  "This complacency is odd and clearly leaves significant upside risk if the supply recovery proves slow."
  
  Middle East producers are pushing ahead with loading oil and LNG despite fresh ship attacks in the Strait of Hormuz and renewed strikes between the U.S. and Iran in recent days, shipping data showed.
  
  Saudi oil giant Aramco resumed crude oil loadings on Friday at its Ras Tanura terminal, west of the Strait of Hormuz, after they were halted for nearly four months.
  
  Loadings continued even after a helicopter belonging to the company crashed on Sunday at Ras Tanura, killing 14 nationals. The cause of the crash was unknown.
  
  Source: Reuters/Investing.com
- 2026-06-29
  Port of Rotterdam: Forcing companies to cease their fossil fuel activities is ‘a bridge too far’
  Responding to a letter from Advocates for the Future (AftF), the Port of Rotterdam Authority has said that it cannot fulfil the climate NGO’s demand to force companies to limit fossil fuel activities in Rotterdam because this is ‘not aligned with current... Read more
- 2026-06-29
  IMO Secretary-General looking for more information on ‘underlying reasons’ for Ever Lovely attack
  In an emailed response to questions from ship.energy following Friday’s briefing on the current status of the Strait of Hormuz evacuation programme, the International Maritime Organization (IMO) said that its Secretary-General Arsenio Dominguez is ‘continuing... Read more
- 2026-06-29
  MGC and Gold Hydrogen to assess feasibility of South Australian green methanol project
  Mitsubishi Gas Chemical Company (MGC) has entered into a Memorandum of Understanding (MoU) with Gold Hydrogen to jointly assess the feasibility of green methanol production on the Yorke Peninsula in South Australia. Brisbane-headquartered Gold Hydrogen... Read more
- 2026-06-29
  Next Generation Shipping Act looking to boost U.S. investment in clean shipping technology and infrastructure
  Representatives Nanette Barragán and Troy A. Carter, Sr. together with Senator Chris Van Hollen have reintroduced their Next Generation Shipping Act, which they say will create a $1 billion per year programme through the U.S. Department of Transportation’s... Read more
- 2026-06-29
  Mitsui E&S expanding ammonia fuel supply system facilities
  Japan’s Mitsui E&S Co. says it has decided to expand its ammonia fuel supply system facilities for land-based testing ‘in preparation for the projected growth in demand for marine engines fuelled by ammonia.’ In a statement issued today (29 June),... Read more
- 2026-06-29
  Oil climbs following renewed US, Iran strikes in Middle East
  Oil prices rose on Monday following days of tit-for-tat strikes by the U.S. and Iran that underscored the fragility of their interim peace deal and again slowed energy shipping through the Strait of Hormuz. Brent crude futures climbed 58 cents, or... Read more Oil prices rose on Monday following days of tit-for-tat strikes by the U.S. and Iran that underscored the fragility of their interim peace deal and again slowed energy shipping through the Strait of Hormuz.
  
  Brent crude futures climbed 58 cents, or 0.8%, to $72.57 a barrel at 0207 GMT while U.S. West Texas Intermediate crude was at $70.11 a barrel, up 88 cents, or 1.3%.
  
  "There’s still plenty of risk facing the oil market. Even so, participants appear to be ... focusing on what a continued recovery in oil flows would mean for the global balance," ING analysts said in a note on Monday.
  
  "This complacency is odd and clearly leaves significant upside risk if the supply recovery proves slow."
  
  Brent crude fell 10.6% last week, its third weekly decline, after crude shipments through the strait rose last week to their highest level since the U.S.-Israeli war on Iran began in late February.
  
  However, traffic has since slowed following renewed attacks on ships in the strait from Thursday, including a Qatar-linked oil tanker, that triggered strikes from the U.S. and Iran in the worst escalation since they signed an interim peace deal.
  
  Capping oil price gains, Iran and the U.S. agreed to halt recent hostilities in the Gulf and renew talks regarding their dispute over the Strait of Hormuz, a U.S. official said on Sunday.
  
  "The market is likely to re-evaluate its assumption of a quick recovery of oil supply from the Persian Gulf," ANZ analysts said in a note.
  
  Saudi oil giant Aramco resumed crude oil loadings on Friday at its Ras Tanura terminal, west of the Strait of Hormuz, after they were halted for nearly four months, as oil producers ramped up output and exports ahead of an interim deal.
  
  Loadings continued even after a helicopter belonging to the company crashed on Sunday at Ras Tanura, killing 14 nationals. The cause of the crash was unknown.
  
  "Physical flows are constrained by tanker backlogs, damaged infrastructure and production shut-ins. It could take the remainder of the year before supply is near pre-conflict levels," ANZ analysts said. Source: Reuters/Investing.com
- 2026-06-29
  Oil Markets Are Pricing A Supply Surge That Isn’t Guaranteed
  Crude oil prices are in freefall after the United States and Iran agreed on a ceasefire, set to last 60 days. Traders expect the ceasefire to unleash an avalanche of crude, and indeed, tankers are leaving the Persian Gulf in growing numbers. And yet Iran... Read more Crude oil prices are in freefall after the United States and Iran agreed on a ceasefire, set to last 60 days. Traders expect the ceasefire to unleash an avalanche of crude, and indeed, tankers are leaving the Persian Gulf in growing numbers. And yet Iran just struck a commercial ship in Hormuz.
  
  Bloomberg reported earlier this week that the ceasefire prompted huge discounts in available crude cargoes, noting how Angolan crude was selling at a $10 discount to dated Brent—for the first time in a decade. Not only this, but Chinese refiners were offering crude oil cargoes for sale, the publication wrote, citing unnamed traders.
  
  “You actually get a discount to buy a barrel now versus a barrel tomorrow because of the weakness in the Asian pull on Middle Eastern grades,” Daan Struyven, co-head of global commodities at Goldman Sachs, told Bloomberg. “Reopening is going well and quickly.”
  
  This appears to be the general feeling in trading and analyst circles. Indeed, analysts were somewhat baffled by the speed with which oil prices dropped amid the reports of more tankers exiting the Strait of Hormuz loaded.
  
  “The market has rebalanced through a meaningfully different mix of demand losses and inventory withdrawals than we initially assumed,” JP Morgan commodity analysts said, as quoted by the Wall Street Journal.
  
  ING, however, sounded a note of caution. “The market is largely focused on the resumption of oil flows through the Strait of Hormuz, which continues to increase,” the Dutch bank’s commodity team wrote today. “However, much of the increase reflects previously stranded vessels leaving the Persian Gulf. Vessel flows into the Gulf remain much more modest.”
  
  Indeed, the Wall Street Journal also noted in its report that while there has been a strong rebound in tanker traffic out of Hormuz, it is made up of stranded vessels finally allowed to exit the chokepoint. Incoming tankers, however, are nowhere near outgoing numbers. The publication cited the chief executive of Phillips 66 as estimating some 90 to 100 million barrels set to leave the strait and adding, “Then the question is: Who will be brave enough to send ships back in? Will they be able to get insurance? How does that all play out?”
  
  Interestingly, Bloomberg also focused on the stranded tankers now leaving the Strait of Hormuz as the basis for its prediction that a flood of crude is coming into the market. The suggestion here is that oil markets are about to flip from deficit to excess in a matter of days, which was immediately reflected in prices. “The market might be a little bit overenthusiastic of how quickly the supply side, particularly inventories, are going to stabilize,” TD Securities’ global head of commodity strategy Bart Melek told the Wall Street Journal.
  
  The reported Iranian strike on a commercial vessel in Hormuz earlier this week could give those overenthusiastic market players a pause, but for now, there is nothing to suggest it. Oil benchmarks are set for a sharp weekly decline despite a slowdown in the price movement following the news.
  
  “With the geopolitical risk premium once again creeping back into prices, markets will be watching intently to see if tanker traffic resumes or if these latest hurdles force producers to tap the brakes on planned production increases,” IG analyst Tony Sycamore said as quoted by Reuters.
  
  There is also the matter of inventory refilling. As Bloomberg noted in its report, echoing analyst warnings, the world handled the Hormuz crisis by tapping oil in storage. China’s contribution to relative market balance was seen as particularly notable, since the world’s largest importer of crude could afford to reduce purchases by dipping into its massive oil inventory, reducing oil prices’ potential for skyrocketing. Yet with flows out of the Persian Gulf improving, Chinese refiners may start buying once again—presumably, after they sell all the cargoes they want to sell right now.
  
  The U.S. also needs to refill, and rather urgently, because oil in storage is at levels low enough to start worrying some observers, with the strategic petroleum reserve sitting at the lowest level in four decades, lower than when it was in 2023, after the Biden administration released close to 200 million barrels. At the end of the week ending June 19, the SPR had 331.2 million barrels in it. The thing to remember about oil in storage, whether in the U.S. or anywhere else, is that not all of these barrels are actually available. There is a certain level of crude in the system that needs to be maintained in order for the system to keep working—the so-called minimum operational level.
  
  So, it appears that a lot more oil is coming out of the Persian Gulf, and this is, naturally, weighing on prices. Yet there are doubts as to whether the rate of this outflow can be sustained over a longer period once the stranded ships clear out, which is potentially a booster for prices. The issue of insurance also looms large over the tanker market, as does the strength of the U.S.-Iran ceasefire. Source: Oilprice.com
- 2026-06-29
  MABUX: Bunker market to continue irregular fluctuations on Jun. 29.
  The MABUX World Bunker Index — a composite benchmark reflecting daily prices for 380 HSFO, VLSFO, and MGO — moved sideways on Jun. 26: 380 HSFO: USD/MT: 553.74 (-5.68) VLSFO: USD/MT 713.05 (-1.41) MGO: USD/MT 1 065.55 (+1.30) The bunker market... Read more The MABUX World Bunker Index — a composite benchmark reflecting daily prices for 380 HSFO, VLSFO, and MGO — moved sideways on Jun. 26:
  
  380 HSFO: USD/MT: 553.74 (-5.68)
  VLSFO: USD/MT 713.05 (-1.41)
  MGO: USD/MT 1 065.55 (+1.30)
  
  The bunker market continues to transition from a supply-constrained environment toward improving supply fundamentals. Recovering Gulf exports and stronger cargo flows are expected to gradually ease regional supply tightness, placing downward pressure on ex-wharf prices. Delivered premiums, however, remain supported by prompt logistics constraints and limited barge availability. As inventories continue to rebuild and supply chains normalize, delivered premiums are expected to soften progressively, provided no renewed geopolitical disruptions materially affect the market.
  
  As of Jun. 26, the MABUX Market Differential Index (MDI), which tracks the spread between Market Bunker Prices (MBP) and the MABUX Digital Bunker Benchmark (DBP) — registered the following trends across the four major global bunkering hubs: Rotterdam, Singapore, Fujairah, and Houston:
  
  • HSFO segment: Rotterdam, Singapore and Houston remained undervalued, with discounts widening by $16, $10 and $17, respectively. Fujairah remained the only overvalued port, although its premium narrowed by $11. Singapore's MDI remained above the $100 threshold.
  
  • VLSFO segment: Rotterdam moved into the undervalued zone, joining Houston. Discounts widened by $8 in Rotterdam and $18 in Houston. Singapore and Fujairah remained overvalued, although premiums narrowed by $12 and $23, respectively. Fujairah's MDI continued to exceed the $100 threshold.
  
  • MGO LS segment: Rotterdam moved into the undervalued zone, joining Houston. Discounts widened by $8 in Rotterdam and $18 in Houston. Singapore and Fujairah remained overvalued, although premiums narrowed by $12 and $23, respectively. Fujairah's MDI continued to exceed the $100 threshold.
  
  MABUX expects the Global bunker market to continue irregular fluctuations on Jun. 29: plus-minus 5-15 USD/MT, VLSFO: plus-minus 5–15 USD/MT, MGO LS: plus-minus 10–20 USD/MT.
  Source: MABUX
- 2026-06-29
  Egypt Targets 60% Renewable Electricity by 2040
  Egypt has steadily been increasing its renewable energy capacity and has even bigger plans for the coming decade. While Egypt continues to rely heavily on fossil fuels, that could soon change thanks to high levels of private investment in green energy,... Read more Egypt has steadily been increasing its renewable energy capacity and has even bigger plans for the coming decade. While Egypt continues to rely heavily on fossil fuels, that could soon change thanks to high levels of private investment in green energy, supported by favourable national policies.
  
  Egypt has significant potential to develop its solar and wind energy sectors, thanks to its favourable geographical conditions, with abundant land, including arid deserts, sunny weather, and high wind speeds. The North African country has some of the highest solar irradiance levels in the world, with between 2,000 and 3,200 kilowatt-hours (kWh) per square meter annually.
  
  In recent years, the government has shown greater openness to energy diversification through private investment, supporting the aim of growing Egypt’s solar and wind capacity. The Integrated Sustainable Energy Strategy (ISES) 2035 builds upon previous national frameworks and establishes renewable energy as a core component of Egypt’s green transition.
  
  The government aims to generate 42 per cent of electricity from renewable sources by 2030 and increase this to 60 per cent by 2040. It will do this by diversifying its energy mix to include wind, hydropower, photovoltaic solar, and green hydrogen.
  
  The government has sought external support for its energy strategy and the development of a diversified energy mix, with the European Commission having contracted the management consulting firm Cowater International to assess Egypt’s energy strategy over the next two decades.
  
  In line with a greater openness to private investment, the government had signed around 32 Power Purchase Agreements (PPAs) with private developers by 2025 to produce 1,465 MW of renewable energy, with additional agreements underway.
  
  Egypt has already developed several large-scale renewable energy projects, including the 1.8GW Benban Solar Park, which is set for expansion. Meanwhile, AMEA Power’s additional 2 GW project with 900 MWh of battery storage and a 500 MW facility at the Abydos Kom Ombo Solar PV Park are under development.
  
  In January, Egypt signed renewable energy deals worth a combined $1.8 billion. This is expected to help the North African country achieve its 42 per cent renewable electricity generation goal by the end of the decade. The agreements included projects with Norwegian renewable energy developer Scatec and China’s Sungrow.
  
  The first project will be the development of a solar energy plant with Scatec to produce electricity and energy storage stations in Minya, Upper Egypt, according to the Egyptian government. The plant is expected to have a 1.7 GW capacity and incorporate 4 GWh of battery storage. Meanwhile, Sungrow will develop a battery manufacturing facility in the Suez Canal Economic Zone and will supply batteries to the Scatec plant. Scatec also signed a PPA to provide 1.95 GW of capacity and 3.9 GWh of battery storage systems.
  
  In June, Egypt signed a deal with the European Union to deepen the two powers’ strategic partnership in renewable energy, agreeing to a financing package valued at up to $788 million to expand and upgrade Egypt’s electricity transmission network. The package includes a $686 million loan from the European Investment Bank’s development arm, EIB Global, and up to $103 million in European Commission grants.
  
  The project will be led by the state-owned Egyptian Electricity Transmission Company (EETC), with the aim of powering the grid with 22 GW of renewable energy capacity, or enough to power 10 million homes, by the end of the decade. The agreement aligns with the EU-Egypt Strategic and Comprehensive Partnership and the Trans-Mediterranean Renewable Energy and Clean-Tech Cooperation Initiative (T-MED), which encourages renewable energy and cleantech cooperation between the European Union and southern Mediterranean countries.
  
  The European Commissioner for the Mediterranean, Dubravka Šuica, explained, “Under its newly launched flagship initiative, T-MED, today we presented a major EU-supported project to strengthen and expand Egypt’s electricity infrastructure. This will reinforce Egypt’s role in the regional energy markets and create major business opportunities for local and European companies. It is another testimony of our shared commitment to sustainable growth, energy security and long-term prosperity in the Mediterranean.”
  
  Meanwhile, Egypt’s Minister of Foreign Affairs, International Cooperation and Egyptian Expatriates, Badr Abdelatty, said, “This agreement reflects the strength of the partnership between Egypt and the European Union and our shared determination to advance the green transition. Together with the EIB and the EU, we are taking an important step to modernise our electricity network, strengthen energy security and create new opportunities for sustainable growth.”
  
  In addition to growing its solar and wind power capacity, Egypt has big plans for green hydrogen development to support industrial decarbonisation. In February 2024, the Supreme Council of Energy approved the National Strategy for Low?Carbon Hydrogen. In January, partial production commenced at a 100-MW green hydrogen production project in the Suez Canal Economic Zone, ahead of a broader launch.
  
  Egypt has rapidly developed its renewable energy capacity in recent years and could become a major player in the production and export of green hydrogen in the coming decades. The North African country is a good example of what targeted national policy and an openness to private investment can achieve. Source: Oilprice.com

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