Mabux: Global Bunker Prices

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MABUX ARA LNG Bunker Index
Port LNG$/mton MGO LS$/mton Date
ARA
807.50
+29.00
735.00
+17.00
Jun 16
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Port	LNG$/mton	MGO LS$/mton	Date
ARA	807.50	+29.00	735.00	+17.00	Jun 16

MABUX Global Bunker Index

380HSFO$/mton		VLS FO$/mton		MGO LS$/mton		Date
520.82	+7.40	593.25	+8.76	811.20	+18.55	Jun 19

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	492	497	-5	536	557	-21	735	726	+9	Jun 19
Singapore	494	508	-14	571	606	-35	722	759	-37	Jun 19
Fujairah	475	542	-67	559	609	-50	790	912	-122	Jun 19
Houston	472	522	-50	555	649	-94	758	791	-33	Jun 19

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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
- 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
- 2025-06-19
  MABUX: MIDSOMMAR HOLIDAYS IN SWEDEN
  DEAR FRIENDS, PLEASE BE INFORMED THAT DUE TO THE MIDSOMMAR HOLIDAYS IN SWEDEN, OUR OFFICE WILL BE CLOSED ON JUNE 20, 2025. HOWEVER, SOME UPDATES, OIL-FUTURES SETTLEMENTS, AND RELATED TOOLS WILL STILL BE AVAILABLE ON OUR WEB PLATFORM. IF YOU NEED ASSISTANCE... Read more DEAR FRIENDS,
  PLEASE BE INFORMED THAT DUE TO THE MIDSOMMAR HOLIDAYS IN SWEDEN, OUR OFFICE WILL BE CLOSED ON JUNE 20, 2025.
  HOWEVER, SOME UPDATES, OIL-FUTURES SETTLEMENTS, AND RELATED TOOLS WILL STILL BE AVAILABLE ON OUR WEB PLATFORM.
  IF YOU NEED ASSISTANCE DURING THE HOLIDAYS, FEEL FREE TO CONTACT US ANYTIME AT info@mabux.com.
  
  BEST REGARDS,
  THE MABUX TEAM Source: MABUX
- 2025-06-19
  Oil prices jump as Israel-Iran conflict enters seventh day
  Oil prices rose on Thursday after Israel and Iran continued to exchange missile attacks overnight and U.S. President Donald Trump’s stance on the conflict kept investors on edge. Brent crude futures rose $1.60, or 2.1%, to $78.29 a barrel by 1030 ET.... Read more Oil prices rose on Thursday after Israel and Iran continued to exchange missile attacks overnight and U.S. President Donald Trump’s stance on the conflict kept investors on edge.
  Brent crude futures rose $1.60, or 2.1%, to $78.29 a barrel by 1030 ET. U.S. West Texas Intermediate crude for July was up $1.64, or 2.1%, at $78.34. Brent had surged to its highest in nearly five months at $78.50 on June 13, when Israel began its attacks.
  Trading volumes were light on Thursday due to a U.S. federal holiday.
  The conflict entered its seventh day on Thursday after Israel struck Iranian nuclear sites and Iranian missiles hit an Israeli hospital.
  There is still a "healthy risk premium baked into the price as traders wait to see whether the next stage of the Israel-Iran conflict is a U.S. strike or peace talks", said Tony Sycamore, analyst at trading platform IG.
  Goldman Sachs said on Wednesday that a geopolitical risk premium of about $10 a barrel is justified, given lower Iranian supply and risk of wider disruption that could push Brent crude above $90.
  Even if Middle East tensions were to cool off in the coming days, oil prices are probably not headed back to the low-$60 range they were trading at a month ago, said Phil Flynn, senior analyst for the Price Futures Group.
  "I think this (conflict) knocks oil out of its complacency," said Flynn. "I would argue that the market has been underplaying geopolitical risk."
  
  President Trump told reporters on Wednesday that he had yet to decide whether the U.S. will join Israel in its attacks on Iran.
  As a result of the unpredictability that has long characterised Trump’s foreign policy, "markets remain jittery, awaiting firmer signals that could influence global oil supply and regional stability" said Priyanka Sachdeva, analyst at Phillip Nova.
  The risk of major energy disruption will rise if Iran feels existentially threatened, and U.S. entry into the conflict could trigger direct attacks on tankers and energy infrastructure, said RBC Capital analyst Helima Croft.
  
  Iran is the third-largest producer among members of the Organization of the Petroleum Exporting Countries, extracting about 3.3 million barrels per day (bpd) of crude oil.
  About 18 million to 21 million bpd of oil and oil products move through the Strait of Hormuz along Iran’s southern coast and there is widespread concern the fighting could disrupt trade flows. Source: Reuters/Investing.com
- 2025-06-19
  GLOBAL: FRATELLI COSULICH AND IINO LINES TEAM UP ON ALTERNATIVE FUELS
  Fratelli Cosulich Marine Energy and IINO Lines have signed a Memorandum of Understanding (MoU) to explore new business opportunities in the alternative marine fuels sector. In a statement issued today (19 June), Fratelli Cosulich said the agreement... Read more
- 2025-06-19
  GLOBAL: ZERONORTH HIRES NORDIC TECH EXPERT TO DRIVE ‘THE NEXT WAVE OF INNOVATION’
  Kåre Kjelstrøm, who has held leadership roles at companies such as Uber, Lunar and Concordium, has joined ZeroNorth as its Chief Product & Technology Officer. Kjelstrøm has been brought into ZeroNorth to focus on ‘the next wave of innovation’, including... Read more
- 2025-06-19
  EUROPE: SWEDISH FOREST COMPANY SCA JOINS GASUM’S FUELEU MARITIME POOL
  Swedish forest company SCA has selected Gasum’s FuelEU Maritime pool as its solution for complying with the EU maritime emissions regulation. SCA owns a fleet of three Ro-Ro vessels that transport the Group’s products—such as wood products, packaging... Read more
- 2025-06-19
  EUROPE: DENMARK’S PORT OF AARHUS POSTS 30% Y-O-Y GROWTH IN CONTAINER TRAFFIC
  Aarhus, Denmark's largest commercial port, has reported that its solid start to 2025 ‘reached new heights’ in May, with a 30% year-on-year increase in container traffic. The total for May was 69,583 twenty-foot equivalent units (TEUs), compared to... Read more
- 2025-06-19
  GLOBAL: LR CLASSIFIES WINDWINGS-EQUIPPED AFRAMAX BRANDS HATCH
  Lloyd’s Register (LR) has announced that it has classified Brands Hatch, the world’s first newbuild Aframax tanker equipped with wind-assisted propulsion. In a statement issued today (18 June), LR said that the 114,000 DWT vessel, which was built by... Read more
- 2025-06-19
  MABUX: MIDSOMMAR HOLIDAYS IN SWEDEN
  DEAR FRIENDS, PLEASE BE INFORMED THAT DUE TO THE MIDSOMMAR HOLIDAYS IN SWEDEN, OUR OFFICE WILL BE CLOSED ON JUNE 20, 2025. HOWEVER, SOME UPDATES, OIL-FUTURES SETTLEMENTS, AND RELATED TOOLS WILL STILL BE AVAILABLE ON OUR WEB PLATFORM. IF YOU NEED ASSISTANCE... Read more DEAR FRIENDS,
  PLEASE BE INFORMED THAT DUE TO THE MIDSOMMAR HOLIDAYS IN SWEDEN, OUR OFFICE WILL BE CLOSED ON JUNE 20, 2025.
  HOWEVER, SOME UPDATES, OIL-FUTURES SETTLEMENTS, AND RELATED TOOLS WILL STILL BE AVAILABLE ON OUR WEB PLATFORM.
  IF YOU NEED ASSISTANCE DURING THE HOLIDAYS, FEEL FREE TO CONTACT US ANYTIME AT info@mabux.com.
  BEST REGARDS,
  THE MABUX TEAM
  Source: MABUX
- 2025-06-19
  MABUX: Bunker Weekly Outlook, Week 25, 2025.
  At the close of the 25th week, the global bunker indices published by MABUX recorded a sharp increase, driven by the escalating conflict in the Middle East. The 380 HSFO index surged by USD 47.17, rising from USD 467.07/MT to USD 514.24/MT, surpassing... Read more At the close of the 25th week, the global bunker indices published by MABUX recorded a sharp increase, driven by the escalating conflict in the Middle East. The 380 HSFO index surged by USD 47.17, rising from USD 467.07/MT to USD 514.24/MT, surpassing the USD 500.00 threshold. The VLSFO index climbed by USD 41.82, reaching USD 584.26/MT from USD 542.44/MT the previous week. Meanwhile, the MGO index posted a gain of USD 60.65, increasing from USD 729.05/MT to USD 789.70/MT. As of this writing, the upward trend continues to dominate the global bunker market.
  
  The MABUX Global Scrubber Spread (SS)—the price difference between 380 HSFO and VLSFO—narrowed by $5.35, declining from $75.37 last week to $70.02. The weekly average also fell slightly, down $1.64. In Rotterdam, the SS Spread decreased by $1.00, from $51.00 to $50.00, although the weekly average at the port rose by $4.67. Conversely, in Singapore, the SS Spread widened by $4.00, increasing from $75.00 to $79.00, with the weekly average gaining $9.83. Minor and multidirectional fluctuations—without a clear upward or downward trend—continue to define the global and port-level SS Spread dynamics. At current levels, conventional VLSFO remains the most cost-effective option compared to 380 HSFO combined with a scrubber, with SS Spread values consistently below the breakeven threshold of $100.00. No significant changes in SS Spread dynamics are expected in the coming week. Additional details can be found in the Differentials section of mabux.com.
  
  The European Parliament and EU member states have tentatively agreed to ease natural gas storage requirements, permitting a 10 percentage point deviation from the 90% fill target. The move addresses concerns from several major gas-consuming countries, which warned they may need to subsidise storage in unfavourable market conditions or miss the targets altogether. Additionally, EU countries are proposing to make the mandatory 90% storage target applicable at any point between 1 October and 1 December, rather than by the current 1 November deadline.
  
  As of June 17, European regional gas storage facilities were 54.05% full—an increase of 2.26% compared to the previous week but 17.28% lower than at the start of the year (71.33%). The gradual refilling of storage sites continues. By the end of Week 25, the European gas benchmark TTF showed a clear upward movement, rising by €4.671/MWh to €39.309/MWh, compared to €34.638/MWh the previous week.
  
  The price of LNG as a bunker fuel at the port of Sines (Portugal) resumed its upward trend by the end of the week, increasing by 53 USD to reach 839 USD/MT, compared to 786 USD/MT the previous week. At the same time, the price gap between LNG and conventional fuel narrowed to 83 USD in favor of conventional fuel, down from 91 USD the week before. On June 16, MGO LS was quoted at 756 USD/MT at the port of Sines. More detailed information is available in the LNG Bunkering section on the mabux.com website.
  
  At the end of Week 25, the MABUX Market Differential Index (MDI)—which reflects the correlation between market bunker prices (MBP) and the MABUX Digital Bunker Benchmark (DBP)—showed the following trends across the 380 HSFO, VLSFO, and MGO LS segments:
  
  • 380 HSFO segment: Rotterdam and Singapore moved into the undervalued zone, resulting in all four key ports—Rotterdam, Singapore, Fujairah, and Houston—being assessed as undervalued. Weekly average MDI values rose by 9 points in Rotterdam, 12 points in Singapore, and 3 points in Houston, while decreasing by 1 point in Fujairah. The MDI readings for Rotterdam and Singapore remained close to the 100% correlation level between MBP and DBP.
  
  • VLSFO segment: All four ports—Rotterdam, Singapore, Fujairah, and Houston—continued to be undervalued. Weekly average MDI values increased by 8 points in Rotterdam, 10 in Singapore, 9 in Fujairah, and 10 in Houston. Notably, Rotterdam reached a 100% correlation between MBP and DBP.
  
  • MGO LS segment: Rotterdam returned to the overvalued zone, becoming the only overvalued port in this segment. Its average MDI rose by 7 points. The other three ports remained undervalued, with weekly average MDI increases of 11 points in Singapore, 26 in Fujairah, and 1 in Houston. Rotterdam's MDI held at 100% correlation, while Fujairah continued to record an MDI value consistently above $100.00.
  
  Overall Market Trend: The balance continues to tilt toward undervaluation. In the 380 HSFO segment, both Rotterdam and Singapore shifted into the undervalued zone, while in the MGO LS segment, Rotterdam re-entered the overvalued category. Despite this, the overall trend of undervaluation remains dominant in the global bunker market and is expected to persist into the following week.
  
  Further details on the correlation between market prices and the MABUX Digital Benchmark can be found in the Digital Bunker Prices section of mabux.com.
  
  A new report from classification society DNV predicts that carbon capture and storage (CCS) will account for 15% of all maritime CO₂ emissions by 2050. The report anticipates that onboard CCS technologies will become scalable across most of the global shipping fleet starting around 2040. Given the high projected costs of green fuels, CCS could emerge as a competitive alternative, despite the added CAPEX, OPEX, and offloading costs. However, the lack of infrastructure for CO₂ offloading at ports, as well as for its transport and storage, remains a significant challenge. DNV forecasts that maritime transport will represent 9% of all CO₂ captured via CCS by 2050. Globally, CCS capacity is expected to quadruple by 2030, with average costs decreasing by 40% by 2050 as the technology matures and scales. While natural gas processing currently dominates CCS applications, DNV projects that post-2030 growth will be driven largely by hard-to-abate sectors such as steel and cement.
  
  We expect the steady uptrend in the global bunker market to persist, driven by continued volatility stemming from the escalating conflict in the Middle East.
  Source: MABUX
- 2025-06-19
  Why Forecasters Can’t Agree On When Oil Demand Will Peak
  Oil demand is set to plateau rather than drop off a cliff after it peaks, the International Energy Agency (IEA) predicted this week, citing “policy settings and market trends.” But here’s the thing about policy settings and market trends: they change. That... Read more Oil demand is set to plateau rather than drop off a cliff after it peaks, the International Energy Agency (IEA) predicted this week, citing “policy settings and market trends.” But here’s the thing about policy settings and market trends: they change.
  
  That oil demand is set to peak before 2030 has been repeated ad nauseam by various forecasters, including, notably, Chinese energy majors Sinopec and CNPC. Indeed, OPEC is the only forecaster of demand that does not see it peaking anytime soon. Of course, OPEC is interested in its predictions panning out—but so is the IEA, a vocal proponent of the shift to electrification in transport and moving from hydrocarbon-fueled baseload generation to weather-dependent wind and solar, as are many governments of large oil consumers.
  
  When the IEA cited those “policy settings and market trends” in its latest Oil Market Report and its Oil 2025 report, which came out together this week, it was that shift to EVs and the move to wind and solar that it meant as drivers of falling oil demand. But there are some challenges facing both assumptions.
  
  A recent Shell-commissioned survey found that while existing EV owners tend to feel more confident about their vehicles, many prospective buyers remain hesitant—citing cost as a major barrier. “While current EV drivers are feeling more confident, the relatively high cost of owning an electric vehicle, combined with broader economic pressures, are making it a difficult decision for new consumers,” Shell’s VP for mobility and convenience, David Bunch, said, as quoted by Bloomberg this week.
  
  China remains an exception, thanks to extensive subsidies and a highly competitive market that has driven down prices. However, even in China, this model may be reaching its limits. “It’s very extreme, tough competition,” an executive vice president of BYD told Bloomberg. “No, it’s not sustainable,” Stella Li added, referring to the current situation in China’s electric car sector. The most likely prospect is consolidation. And that may put a stop to the continuous decline in prices.
  
  Despite this, many oil demand forecasts—including the IEA’s—still rely on projections of steady EV growth. But recent industry decisions suggest a more complex picture. GM announced it would invest $4 billion in expanding internal combustion engine vehicle production. Volvo Cars, which reported strong EV-driven sales last year, saw a 12% drop in overall sales this May, in part due to underperformance in its EV segment. These developments reflect growing pains in the transition—not necessarily a reversal, but perhaps a recalibration of expectations.
  
  If one of the largest U.S. automakers is tempering its EV ambitions, it raises the question: how many others might adjust course, especially if EV profitability continues to lag behind that of ICE vehicles?
  
  Then there is the issue of “policy settings.” In this respect, Europe is perhaps the best example of trying to go against nature and suffering adverse consequences. Here, we have the European Union’s and the UK’s leadership bent on having an energy transition whether anyone wants it or not, up to and including, in the UK’s case, decimating local oil and gas production in favor of imports of both, plus electricity. In the EU, the leadership is discussing a ban on any oil products that may have been produced from Russian crude oil—when the EU is a major importer of oil derivatives from Asia, which in turn features the two biggest buyers of Russian crude, China and India.
  
  The IEA and most other forecasters are quite certain that this sort of energy policy would ultimately lead to lower oil demand. That’s despite the fact that the UK’s extremely pro-transition government conceded the country still needs North Sea oil and gas so they limited their efforts to ban it to new exploration only. It’s also despite the fact that Austria has joined Slovakia and Hungary in opposing a total ban on Russian gas imports—after the EU booked a record in LNG imports from Russia last year.
  
  However, on the ground, as it were, reality keeps shattering these visions, and oil demand remains strong. Naturally, economic trends and events such as inflation and tariffs affect demand negatively when they go up. This has always been the case and always will be, when it comes to oil. But the fact that prices surged immediately after Israel launched missiles at Iran last Friday shows quite clearly that the world is still as hooked on crude as it has been for a century.
  
  One might argue that it was a knee-jerk reaction on the part of traders given that Iran is the third-largest crude producer in OPEC with over 3 million bpd in output. One might extend this argument to include OPEC’s oft-cited spare capacity that amounts to some 5 million bpd. However, a counter-argument could also be made, namely, that prices rose because the market is not as oversupplied as assumed and that it can very quickly stop being well supplied at all. As for OPEC’s spare capacity—well, they have to want to use it. Source: Oilprice.com

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