Mabux: Global Bunker Prices

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MABUX ARA LNG Bunker Index
Port LNG$/mton MGO LS$/mton Date
ARA
758.50
-50.00
690.00
+5.00
Feb 9
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Port	LNG$/mton	MGO LS$/mton	Date
ARA	758.50	-50.00	690.00	+5.00	Feb 9

MABUX Global Bunker Index

380HSFO$/mton		VLS FO$/mton		MGO LS$/mton		Date
430.38	+0.10	516.64	+2.00	781.39	-0.71	Feb 9

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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	403	436	-33	450	484	-34	690	714	-24	Feb 9
Singapore	431	432	-1	483	526	-43	670	707	-37	Feb 9
Fujairah	409	398	+11	468	517	-49	740	770	-30	Feb 9
Houston	356	411	-55	459	469	-10	653	690	-37	Feb 9

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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
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- 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
- 2026-02-09
  Oil rises after US urges caution for vessels traveling near Iran
  Oil prices rose more than 1% on Monday after the U.S. Department of Transportation issued an advisory to U.S.-flagged vessels to stay as far as possible from Iranian territory while voyaging through the Strait of Hormuz and Gulf of Oman. Brent crude... Read more Oil prices rose more than 1% on Monday after the U.S. Department of Transportation issued an advisory to U.S.-flagged vessels to stay as far as possible from Iranian territory while voyaging through the Strait of Hormuz and Gulf of Oman.
  Brent crude oil futures were up 89 cents, or 1.3%, at $68.94 a barrel by 11:24 a.m. EST (1624 GMT). U.S. West Texas Intermediate crude rose 83 cents, or 1.3%, to $64.38.
  The U.S. DOT’s Maritime Administration agency noted that vessels going through the Strait of Hormuz and Gulf of Oman have historically faced the risk of being boarded by Iranian forces, including as recently as February 3. The agency advised U.S.-flagged ships to stay close to Oman while eastbound in the Strait of Hormuz.
  The advisory renewed concerns that tensions between the U.S. and Iran could lead to oil supply disruptions. About a fifth of the oil consumed globally passes through the Strait of Hormuz between Oman and Iran.
  "The Iranian risk premium cannot be fully defused as long as U.S. warships are located where they are," said SEB analyst Bjarne Schieldrop.
  Oil prices had dropped earlier in the session, extending last week’s losses, after the U.S. and Iran pledged to continue indirect talks following what both sides described as positive discussions.
  Still, on Saturday Iran’s foreign minister said the country will strike U.S. bases in the Middle East if attacked by U.S. forces, which have built up their naval presence in the region over recent weeks.
  
  "Extremely difficult to judge how it is evolving," UBS oil analyst Giovanni Staunovo said. "Watching day by day, now looking for a date to be set for round two of the talks", he said.
  Investors are also monitoring Western efforts to curb Russia’s income from oil exports that support its war in Ukraine. The European Commission has proposed a sweeping ban on any services that support Russia’s seaborne crude oil exports.
  Refiners in India, once the biggest buyer of Russia’s seaborne crude, are avoiding purchases for delivery in April, sources said. If India fully stopped Russian purchases "this would be a sustained bullish development," said Sparta oil market analysts.
  Meanwhile in Kazakhstan, the giant Chevron-led Tengiz oil field has recovered to around 60% of peak production and aims to reach full output by February 23, sources said. Source: Reuters/Investing.com
- 2026-02-09
  Marine fuel sales volumes slip in Rotterdam
  In 2025, 9,356,382 tonnes of fossil and bio-blended marine fuel were sold in the Port of Rotterdam, which was marginally down on the 9,390,768 tonnes recorded in 2024. Sales of high sulphur fuel oil (HSFO) – the most popular fuel grade at the European... Read more
- 2026-02-09
  Vitol Bunkers adds HSFO to fuel offering in Pakistan
  Vitol Bunkers is now supplying high sulphur fuel oil (HSFO) in Pakistan, and highlights that this is the country’s first HSFO bunkering service since 2020. The company already offers very low sulphur oil (VLSFO) and low sulphur marine gasoil (LSMGO)... Read more
- 2026-02-09
  MOL participates in milestone STS methanol bunkering in Japan
  Mitsui O.S.K. Lines, Ltd. (MOL) has teamed up with the City of Yokohama, Kokuka Sangyo Co., Ltd., Idemitsu Kosan Co.,Ltd., and Mitsubishi Gas Chemical Company, Inc. (MGC) to complete what it says is Japan’s first ship-to-ship (STS) bunkering of methanol... Read more
- 2026-02-09
  AET orders its first hybrid-electric, ethanol-ready tanker
  Tanker owner and operator AET, part of MISC Group, has placed an order for a dynamic positioning shuttle tanker (DPST) that will become the first in its fleet to feature hybrid-electric propulsion. The 154,000 DWT Suezmax DPST was contracted to China’s... Read more
- 2026-02-09
  NUS launches new project to develop next-generation marine ammonia engines
  The National University of Singapore (NUS) has launched a new project aimed at developing next-generation ammonia-fuelled marine engines with high efficiency and near-zero emissions. Officially launched last Wednesday (4 February), the project is being... Read more
- 2026-02-09
  Island Oil’s Ruby now supplying bunker fuel in Cyprus
  Limassol-based Island Oil has confirmed to ship.energy that its new barge Ruby is now operating in Cyprus, supplying both very low sulphur fuel oil (VLSFO) and marine gasoil (MGO). Speaking to ship.energy today (9 February), a company spokesperson... Read more
- 2026-02-09
  Oil drops 1% as US, Iran pledge to continue talks
  Oil prices fell 1% on Monday as immediate fears of a conflict in the Middle East eased after the U.S. and Iran pledged to continue talks about Tehran’s nuclear programme over the weekend, calming investors anxious about supply disruptions. Brent crude... Read more Oil prices fell 1% on Monday as immediate fears of a conflict in the Middle East eased after the U.S. and Iran pledged to continue talks about Tehran’s nuclear programme over the weekend, calming investors anxious about supply disruptions.
  Brent crude futures fell 67 cents, or 1%, to $67.38 a barrel on Monday by 0444 GMT, while U.S. West Texas Intermediate crude was at $62.94 a barrel, down 61 cents, or 1%.
  "With more talks on the horizon the immediate fear of supply disruptions in the Middle East has eased quite a bit," IG market analyst Tony Sycamore said.
  Iran and the U.S. pledged to continue the indirect nuclear talks following what both sides described as positive discussions on Friday in Oman despite differences. That allayed fears that failure to reach a deal might nudge the Middle East closer to war, as the U.S. has positioned more military forces in the area.
  Investors are also worried about possible disruptions to supply from Iran and other regional producers as exports equal to about a fifth of the world’s total oil consumption pass through the Strait of Hormuz between Oman and Iran.
  Both benchmarks fell more than 2% last week on the easing tensions, their first decline in seven weeks.
  However, Iran’s foreign minister said on Saturday Tehran will strike U.S. bases in the Middle East if it is attacked by U.S. forces, showing the threat of conflict is still alive.
  
  "Volatility remains elevated as conflicting rhetoric persists. Any negative headlines could quickly reignite risk premiums in oil prices this week," said Priyanka Sachdeva, senior market analyst at Phillip Nova.
  Investors are also continuing to grapple with efforts to curb Russian income from its oil exports for its war in Ukraine. The European Commission on Friday proposed a sweeping ban on any services that support Russia’s seaborne crude oil exports.
  Refiners in India, once the biggest buyer of Russia’s seaborne crude, are avoiding purchases for delivery in April and are expected to stay away from such trades for longer, refining and trade sources said, which could help New Delhi seal a trade pact with Washington.
  "Oil markets will remain sensitive to how broadly this pivot away from Russian crude unfolds, whether India’s reduced purchases persist beyond April, and how quickly alternative flows can be brought online," Sachdeva said. Source: Reuters/Investing.com
- 2026-02-09
  The U.S. LNG Boom Is Lowering Europe’s Energy Costs and Raising America’s
  The United States has cemented its position as the world's leading exporter of Liquefied Natural Gas (LNG) over the past couple of years, thanks to surging natural gas demand in Europe and Asia. U.S. LNG exports hit a record 111 million tons in 2025,... Read more The United States has cemented its position as the world's leading exporter of Liquefied Natural Gas (LNG) over the past couple of years, thanks to surging natural gas demand in Europe and Asia. U.S. LNG exports hit a record 111 million tons in 2025, surpassing 100 million metric tons for the first time, driven by high utilization and new capacity additions from projects like Plaquemines LNG.
  
  But this could be just the beginning of the U.S. LNG boom: the EIA has predicted that U.S. LNG export capacity will more than double by 2029, with an estimated 13.9 Bcf/d of new capacity added between 2025 and 2029 as projects like Plaquemines LNG Phase 1 and Corpus Christi Stage 3 reach full operations. Meanwhile, additional projects such as Delta LNG, CP2 LNG, and others are expected to further bolster capacity toward 2030.
  
  However, the energy experts are now warning that all this growth will come at cost, as does everything.
  
  According to Wood Mackenzie, European demand for industrial natural gas has declined by 21% since 2021 while industrial power demand has decreased by 4%, driven by soaring gas prices after Russia’s invasion of Ukraine. However, WoodMac has projected that the ongoing massive wave of new global LNG supply, primarily from the U.S. and Qatar, is expected to nearly halve European traded gas prices by 2030 compared to 2025 levels, saving European industry roughly $46 billion annually by 2032. Conversely, surging LNG exports and soaring demand from AI data centers are projected to push domestic U.S. gas prices to an average of $4.90/MMBtu between 2030 and 2035, a nearly 50% increase from 2025 levels. This constitutes a narrowing competitive gap, with the large cost advantage that U.S. manufacturers have enjoyed for over a decade poised to shrink despite U.S. energy remaining cheaper than European energy in absolute terms.
  
  That doesn’t mean that European manufacturers will be complaining, though. The EU has become heavily reliant on the U.S., which supplied more than 57% of EU LNG imports by early 2026, up from 45% in 2024. Consequently, falling energy prices will benefit energy-intensive industries sectors such as petrochemicals, metals, and chemicals, which have been under severe cost pressure since the global energy crisis hit four years ago, with WoodMac reporting they are going through a "price reversal window" that will allow them to stabilize or recover. Lower European energy costs are expected to open up growth opportunities, with WoodMac predicting that the continent’s pharmaceuticals, food processing, and data center sectors are likely to capture a larger share of the international market.
  
  This could, however, prove to be a double-edged sword for the U.S. economy. Indeed, the U.S. LNG boom is poised to create a complex, often contradictory impact on the U.S. economy, acting as a major driver for GDP growth, job creation, and infrastructure investments while simultaneously raising domestic energy costs and complicating the energy transition. The LNG boom is expected to contribute up to $1.3 trillion to the U.S. GDP by 2040 and generate $166 billion in federal and state tax revenues, according to an S&P Global study. The industry is expected to create nearly 500,000 jobs, encompassing direct, indirect, and induced employment. Over $50 billion is projected to flow into new, massive infrastructure projects (e.g., Plaquemines, Golden Pass, Port Arthur).
  
  In contrast, experts warn that even relatively modest increases in gas and energy prices can lead to large increases in operating costs, potentially taking a toll on margins. An analysis by the Industrial Energy Consumers of America (IECA) found that every $1 increase in the Henry Hub price costs U.S. consumers and manufacturers ~$54 billion annually in combined gas and electricity expenses, including $20 billion more in electricity expenses as well as $34 billion increase in direct natural gas costs for consumers and manufacturers. For manufacturers, who often cannot pass on energy costs as easily as regulated utilities, a $1 increase in the Henry Hub price poses a direct threat to competitive advantage.
  
  Industries that rely heavily on natural gas, such as manufacturing, chemicals, and fertilizers, face increased operational costs, with estimates of up to $125 billion in added costs by 2050. But it’s not just large industries that could suffer the negative consequences of the ongoing AI and LNG boom. Increased exports connect the U.S. domestic natural gas market to higher global prices, driving higher electricity and heating bills for U.S. households.
  
  Meanwhile, analysts have warned that the U.S. could face a domestic energy crunch that could trigger spikes in energy prices if natural gas production growth fails to meet export demand growth. This could negatively impact the clean energy transition, with higher natural gas prices making coal power more competitive in the domestic electricity market. Source: Oilprice.com
- 2026-02-09
  Europe’s Carbon Tax Is Rewriting the Economics of Indian Steel
  The tax on carbon Europe introduced at the beginning of the year may have some surprising knock-on effects. The higher cost to producers for exporting goods that were produced using carbon-intensive methods to Europe may drive some to clean up operations.... Read more The tax on carbon Europe introduced at the beginning of the year may have some surprising knock-on effects. The higher cost to producers for exporting goods that were produced using carbon-intensive methods to Europe may drive some to clean up operations. In India, some producers are exploring the potential for transitioning to green steel to reduce emissions and cut export costs to one of its biggest markets.
  
  India is one of the world’s main steel producers, and it has become a major supplier of the metal to the European market. India achieved its target steel production of 205 million tons a day in the 2024/2025 fiscal year and is expected to achieve an output of 300 million tons per year by the 2030/2031 fiscal year, according to a report by MP Financial Advisory Services LLP. As much as 60 percent of India’s steel exports are destined for the European Union.
  
  However, in January, the EU introduced a world-first carbon tariff – the carbon border adjustment mechanism, which requires companies operating within the EU to pay levies on the import of goods whose production releases high levels of carbon emissions. This applies to heavy industries, such as steelmaking. Due to the new tariff, India’s steel producers could see their profit margins significantly decrease unless they decarbonize their operations.
  
  Steel is typically produced using coal to power operations, particularly in India. The coal powers a blast furnace, which is used to refine iron ore into iron, which is then transformed into steel in an oxygen furnace. This process is used in around 43 percent of India’s steel production.
  
  The rest of India’s steel is produced using electric arc furnaces (EAF), an alternative to the basic oxygen furnace, which melts iron into steel using electricity. While this reduces operational emissions, the iron that goes into the furnace is still refined using coal. In addition to exporting large quantities of coal, India uses the fuel for around 75 percent of its power needs, meaning that the electricity used in its EAFs is not clean to start with.
  
  The increased demand for cleaner steel production and fears over higher import fees in Europe are driving some of India’s steelmakers to develop infrastructure for direct reduced iron (DRI), a cleaner method of producing iron. However, in contrast to other parts of the world, where DRI facilities are powered using natural gas, India continues to rely on coal for power.
  
  However, the Indian government is looking to gradually shift away from a reliance on coal in favour of renewable alternatives, having installed record amounts of solar panels and wind turbines in recent years. In September 2024, India’s Ministry of Steel published a 420-page report outlining the potential pathways for achieving green steel production, showing the political willingness to support the transition.
  
  The government also released guidelines in 2024, classifying the criteria for green steel. It states that steel with carbon dioxide emissions of less than 2.2 million metric tonnes of carbon dioxide equivalent per tonne of finished steel is classified as “green”. The steel ministry explained, “The greenness of the steel shall be expressed as a percentage, based on how much the steel plant’s emission intensity is lower compared to the 2.2 mtCO2e/tfs threshold.”
  
  While there is no agreed-upon international definition for green steel production, these guidelines provided Indian steelmakers with basic operational criteria. Nevertheless, achieving commercial-scale green steel production could still take several years.
  
  In January, the Energy and Resources Institute (TERI) published a report entitled “Green Steel by 2030: Building the business case for the first green steel plant in India”, which assesses the conditions necessary to make commercial-scale green steel viable in India. TERI partnered with industry leaders to bridge knowledge gaps and offer a roadmap to accelerate the transition from pilot initiatives to commercial-scale projects.
  
  Some producers in India are already putting their money where their mouth is, with Tata Steel announcing an investment of $1.2 billion in green steel technology in India’s Jharkhand state. India’s Tata Steel and the government of Jharkhand signed a letter of intent and memorandum of understanding at the World Economic Forum in Davos for the investment in innovative green steel technology in the region.
  
  The funding is expected to contribute to the rollout of advanced iron production technologies, such as HISARNA, which allows the use of local coal and low-grade iron ore and reduces emissions using carbon capture systems, as well as EASyMelt, which is designed to reduce coke consumption by using synthetic gas. Tata Steel has already completed a successful pilot project in the Netherlands and plans to develop a new facility in Jamshedpur with a capacity of around 1 million tonnes a year by 2030.
  
  While it could take several years for India to significantly decarbonise its steel production, private investments in research and development, and support from the government to transition away from coal, will likely advance the industry at an accelerated pace. Meanwhile, the new carbon mechanism in the EU is encouraging producers to reduce emissions to ensure that they can maintain strong profit margins going forward. Source: Oilprice.com

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