Mabux: Global Bunker Prices

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MABUX ARA LNG Bunker Index
Port LNG$/mton MGO LS$/mton Date
ARA
900.00
+7.50
698.00
-2.00
Jan 20
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Port	LNG$/mton	MGO LS$/mton	Date
ARA	900.00	+7.50	698.00	-2.00	Jan 20

MABUX Global Bunker Index

380HSFO$/mton		VLS FO$/mton		MGO LS$/mton		Date
539.52	-0.60	624.94	-0.38	794.93	-3.15	Jan 24

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MBP INDEX vs DBP INDEX (ICE/NYMEX)

All Indexes in $/mton	380HSFO			VLS FO			MGO LS			Date
All Indexes in $/mton	MBP Index	DBP Index	Diff	MBP Index	DBP Index	Diff	MBP Index	DBP Index	Diff	Date
Rotterdam	470	486	-16	545	550	-5	698	682	+16	Jan 24
Singapore	512	497	+15	595	592	+3	720	715	+5	Jan 24
Fujairah	479	536	-57	585	600	-15	767	868	-101	Jan 24
Houston	468	501	-33	583	631	-48	750	760	-10	Jan 24

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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
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- MABUX Open Bunker Directory features contact details of bunker suppliers, traders and brokers worldwide.
Latest News
- 2025-01-24
  Oil prices flat, set for weekly drop as Trump touts energy policy
  Oil prices were flat on Friday but were on track to fall on the week after U.S. President Donald Trump announced sweeping plans to boost domestic production, while demanding that OPEC moves to lower crude prices. Brent crude futures fell 1 cent, or 0.01%,... Read more Oil prices were flat on Friday but were on track to fall on the week after U.S. President Donald Trump announced sweeping plans to boost domestic production, while demanding that OPEC moves to lower crude prices.
  Brent crude futures fell 1 cent, or 0.01%, to $78.28 a barrel by 11:06 a.m. EST (1606 GMT). U.S. West Texas Intermediate crude (WTI) fell 11 cents, or 0.15%, to $74.51.
  Over the week Brent has lost 3.1% while WTI was down 4.4%.
  Trump on Friday reiterated his call for the Organization of the Petroleum Exporting Countries to cut oil prices to hurt oil-rich Russia's finances and help bring an end to the war in Ukraine.
  "One way to stop it quickly is for OPEC to stop making so much money and drop the price of oil.... that war will stop right away," Trump said as he landed in North Carolina to view storm damage.
  The threat of harsh U.S. sanctions on key oil producers, Russia and Iran could undermine Trump's goal of lowering energy costs, StoneX analyst Alex Hodes said in a note on Friday.
  "Trump knows this and has leaned on OPEC to cover the void that these will create," Hodes said.
  On Thursday, Trump told the World Economic Forum he would demand that OPEC and its de facto leader, Saudi Arabia, bring down crude prices.
  OPEC+, which includes Russia, has yet to react, with delegates from the group pointing to a plan already in place to start raising oil output from April.
  
  "I don't really expect OPEC will change policy unless there is a change in fundamentals," said UBS commodities analyst Giovanni Staunovo. "Markets will be relatively muted until we get more clarity on sanctions policy and tariffs."
  Chevron (NYSE:CVX) said on Friday it had started production at a $48 billion expansion of the giant Tengiz oilfield which will bring its output to around 1% of global crude supply, and could further pressure OPEC's efforts over the last few years to limit production.
  In the U.S., Trump declared a national energy emergency on Monday, rolling back environmental restrictions on energy infrastructure as part of plans to maximise domestic oil and gas production.
  These roll backs could support oil demand but have the potential to exacerbate oversupply, said Nikos Tzabouras, senior market specialist at trading platform Tradu.
  Trump's policies so far have largely followed predictions on the supply side, including cutting red tape to promote domestic supply growth, according to StoneX's Hodes. However "the lower hanging fruit for growth has already been picked."
  On Wednesday, Trump vowed to hit the European Union with tariffs and impose 25% tariffs on Canada and Mexico. He also said his administration was considering a 10% punitive duty on China.
  As attention shifts to a possible February timeline for new tariffs, caution is likely to persist in the market, given potential negative implications for global growth and oil demand prospects, said IG market strategist Yeap Jun Rong.
  Traders expect oil prices to range between $76.50 and $78 a barrel, Yeap added.
  
  While bullish catalysts such as a significant drawdown in U.S. crude stocks are providing temporary positive swings, an over-supplied global market and projections of ailing Chinese demand continue to weigh on crude futures, said Priyanka Sachdeva at brokerage Phillip Nova.
  U.S. crude inventories last week hit their lowest since March 2022, the U.S. Energy Information Administration said. [EIA/S] Source: Reuters/Investing.com
- 2025-01-24
  GLOBAL: WINGD REPORTS SUCCESS IN EARLY RUNNING OF AMMONIA ENGINE
  Swiss marine power company WinGD has announced that early testing of its new X-DF-A ammonia-fuelled engine design was ‘in line with expectations’ and expects final validation to be completed in time for the first engine deliveries in June this year. A... Read more
- 2025-01-24
  EUROPE: CRUISE SHIP CALLS ON THE RISE AT COPENHAGEN MALMÖ PORT
  Copenhagen Malmö Port (CMP) says it expects the number of cruise ship passengers to exceed 1 million in 2025, while Europe’s largest shore-power facilities at Copenhagen are due to begin operation this year. In 2024, there were 280 cruise ship calls... Read more
- 2025-01-24
  EUROPE: CLIMATE GROUPS PRESS FOR SCRUBBER BAN IN COASTAL WATERS
  In a move initiated by German NGO NABU, 14 environmental organisations have sent a letter to the OSPAR Commission (Convention for the Protection of the Marine Environment of the North-East Atlantic) calling for an immediate ban on the discharge of scrubber... Read more
- 2025-01-24
  AMERICAS: US COAST GUARD CHIEF DISMISSED
  The US Department of Homeland Security (DHS) has announced that Admiral Linda L. Fagan, the first woman to hold the post of Commandant of the US Coast Guard (USCG), has been sacked. Members of the US Coast Guard were told of the news via an ALCOAST... Read more
- 2025-01-24
  GLOBAL: SEA-LNG: NUMBER OF LNG-FUELLED VESSELS IN OPERATION GREW OVER 33% IN 2024
  In its latest ‘View from the Bridge’ report, industry coalition SEA-LNG has highlighted an annual increase in vessel numbers of over 33% in 2024, with 638 LNG-fuelled vessels now in operation worldwide. According to SEA-LNG, in 2024, LNG dual-fuelled... Read more
- 2025-01-24
  Oil prices poised for weekly fall on Trump's energy policies
  Oil prices were little changed on Friday but headed for a weekly decline after U.S. President Donald Trump issued a sweeping plan to boost U.S. production and demanded OPEC lower crude prices. Brent crude futures were down 9 cents at $78.20 a barrel... Read more Oil prices were little changed on Friday but headed for a weekly decline after U.S. President Donald Trump issued a sweeping plan to boost U.S. production and demanded OPEC lower crude prices.
  Brent crude futures were down 9 cents at $78.20 a barrel by 0445 GMT on Friday, while U.S. West Texas Intermediate crude (WTI) dipped 9 cents to $74.53.
  For the week, Brent was down 3.18% so far, while WTI shed 4.28%.
  "Crude prices have been easing all through this week, as investors trimmed war premiums after the Gaza ceasefire while bracing for Trump’s energy policy change," said Priyanka Sachdeva, senior market analyst at Phillip Nova.
  "For now, Trump is being unpredictable as predicted, setting oil prices up for headlines-oriented volatility ahead," Sachdeva added.
  Trump, during his speech on Thursday at the World Economic Forum in Davos, Switzerland, said he would demand that the Organization of the Petroleum Exporting Countries and its de facto leader, Saudi Arabia, bring down the cost of crude barrels.
  He also said he would ask Riyadh to increase a U.S. investment package to $1 trillion, up from $600 billion reported by the Saudi state news agency earlier in the day.
  Trump had declared a national energy emergency on Monday, rolling back environmental restrictions on energy infrastructure as part of a sweeping plan to maximise domestic oil and gas production.
  On Wednesday, he vowed to hit the European Union with tariffs and impose 25% tariffs against Canada and Mexico, and said his administration was considering a 10% punitive duty on China.
  
  As attention shifts to a possible February timeline for new tariffs set by Trump, caution will likely persist in the market as any new trade restrictions will carry negative implications for global growth, potentially weighing on oil demand prospects, said Yeap Jun Rong, market strategist at IG.
  Traders expect oil prices to range between $76.50 and $78 a barrel, Yeap added.
  While bullish catalysts like a significant drawdown in U.S. crude stocks are providing temporary positive swings, an overall oversupplied global market and ailing projections of Chinese demand continue to weigh on crude futures, Phillip Nova's Sachdeva said.
  U.S. crude inventories last week hit their lowest level since March 2022, according to the U.S. Energy Information Administration.
  The EIA report, issued a day late because of a U.S. holiday on Monday, said crude stockpiles fell by 1 million barrels to 411.7 million barrels in the week to Jan. 17, marking a ninth consecutive weekly decline. [EIA/S] Source: Reuters/Investing.com
- 2025-01-24
  China's 2025 Crude Oil Output to Exceed 200 Million Tons
  China aims to maintain crude production in 2025 little changed from 2024, with output expected to come in above 200 million tons. In 2024, China's total oil and gas output exceeded 400 million tons of oil equivalent for the first time, the National Energy... Read more China aims to maintain crude production in 2025 little changed from 2024, with output expected to come in above 200 million tons. In 2024, China's total oil and gas output exceeded 400 million tons of oil equivalent for the first time, the National Energy Administration (NEA) has revealed. China’s crude production clocked in at 213 million tons (4.9 million barrels per day), while natural gas production was 246.4 billion cubic meters (bcm).
  
  India’s oil demand growth exceeded China’s for the first time in 2024, and is expected to do so again in 2025. According to Kang Wu, global head of macro and oil demand research at SPGCI, India’s oil demand grew by 180,000 barrels per day in 2024, surpassing China’s growth clip at 148,000 bpd. India’s oil demand is expected to increase by 3.2% Y/Y in 2025 compared to 1.7% by China.
  
  Over the past couple of decades, China has carried the lion’s share of global oil demand growth thanks to the country’s remarkable economic boom. However, that is beginning to change. The factors that helped sustain China’s rapid growth since the global financial crisis are unlikely to be replicated in the next decade, particularly in sectors of property construction and local government investment. Indeed, China’s economic slowdown has mainly manifested in the property sector’s decline, hardly surprising considering that the industry represented 20 to 25 percent of GDP at its peak.
  
  China’s booming electric vehicle sector is also displacing a significant chunk of oil demand. The country’s 10 millionth EV rolled off the production line in November, beating the 2023 production seven weeks before the year’s end. Chinese EV makers delivered 9.75 million units to mainland buyers between January and October, good for a robust 34% Y/Y increase. Helped by government subsidies of up to $2,800 apiece for trading in older cars for EVs as well as more fuel-efficient cars, China Passenger Car Association (CPCA) secretary-general Cui Dongshu has predicted that China’s EV revolution will continue undeterred by a faltering economy. Sales of new energy vehicles (NEVs) in China overtook conventional auto sales for the first time ever in July, and now account for more than half of all units sold during the month. Source: Oilprice.com
- 2025-01-24
  Russian Oil Trade Faces Uncertainty as Baltic Shipments Decline
  Two weeks after the Biden administration unveiled sanctions on Russian oil exporters and tankers, Russian oil exports from the country’s second-largest export facility on the Baltic Sea have unexpectedly plunged in the past several weeks, a slump that... Read more Two weeks after the Biden administration unveiled sanctions on Russian oil exporters and tankers, Russian oil exports from the country’s second-largest export facility on the Baltic Sea have unexpectedly plunged in the past several weeks, a slump that adds to wider questions about the nation’s petroleum flows as Western sanctions ramp up.
  
  According to Bloomberg, shipments from the Baltic port of Ust-Luga tumbled in the final two weeks of December, a period in which six out 14 scheduled cargoes failed to load. Russia then planned, and has so far exported, a much smaller amount this month than would be normal in January.
  
  Despite speculation it is related to the Biden executive order, there is no clear explanation for the slump, especially since Russia, which has become secretive about its oil flows since the war in Ukraine and ensuing Western sanctions, has refused to address the sharp drop.
  
  As noted above, on Jan. 10 the outgoing Biden administration announced the most aggressive sanctions on Russia’s oil trade since the war on Ukraine began, but even before then tankers used by Moscow were becoming increasingly restricted by Western measures, particularly vessels designated by Washington.
  
  Even though the wind-down period for dealing with the sanctioned barrels and vessels ends only on Feb. 27, there are already signs that Russian supplies could be squeezed by the latest measures, with buyers seeking cargoes elsewhere and tankers U-turning away the nation’s ports. The result has been the previously noted surge in Chinese shipping rates as Beijing scrambles to find alternative sources of oil.
  
  Notably, the drop from Ust-Luga predates the latest sanctions. In the first half of January, Russian crude flows from the port averaged about 277,000 barrels per day, a 44% drop from December’s already-low levels, ship-tracking data compiled by Bloomberg show.
  
  This month’s flows from the port are on course to be the lowest since July 2021, with industry data seen by Bloomberg showing roughly what vessel tracking shows.
  
  The timing of the Ust-Luga plunge coincides with when an unspecified — and temporary — incident happened at the Unecha pump station to the east of Belarus that was reported by the Belta news agency at the time. The decline also comes when Ukraine has been targeting Russian energy infrastructure with drones. Ust-Luga itself was struck in early January although the incident didn’t appear to cause any curtailment to crude flows.
  
  While there have been 11 storm days at Ust-Luga in the first half of January, Transneft doesn’t normally cut planned flows because of expected adverse weather. Shipments from the nearby port of Primorsk are also on course to increase.
  
  Bloomberg also notes that there have been no ice-related conditions around Ust-Luga of the kind that sometimes affect exports, according to data from the Finnish Meteorological Institute.
  
  Source: Oilprice.com
- 2025-01-24
  MABUX: Global bunker indices to continue slight downward movement on Jan.24.
  MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO), trended lower on Jan.23, marking the fifth consecutive day of decline: 380 HSFO - USD/MT - 540.12 (-0.05) VLSFO - USD/MT – 625.32 (-0.18) MGO - USD/MT... Read more MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO), trended lower on Jan.23, marking the fifth consecutive day of decline:
  
  380 HSFO - USD/MT - 540.12 (-0.05)
  VLSFO - USD/MT – 625.32 (-0.18)
  MGO - USD/MT – 798.08 (-6.07)
  
  As of Jan.23, the MABUX Market Differential Index (MDI), tracking the correlation between market bunker prices (MBP) and the MABUX Digital Bunker Price Benchmark (DBP), revealed the following trends across key ports: Rotterdam, Singapore, Fujairah, and Houston:
  
  • HSFO segment: Singapore remained the only overcharged port, with the overprice ratio rising further by $1. The other three ports were undercharged, while the gap narrowing by another $2 in Rotterdam and Fujairah. The MDI in Houston stayed unchanged.
  
  • VLSFO segment: Three ports continued to be undercharged. The undervalue margin decreased by $4 in Houston. The MDI in Rotterdam and Fujairah remained unchanged, while in Singapore, it reached a 100-percent correlation mark between MBP and DBP.
  
  • MGO LS segment: Rotterdam was in the overcharge zone, and the overvalue increased by $5. The rest three ports were underpriced, with the premium rising by $3 in Singapore but dropping by $7 in Fujairah and $16 in Houston. Rotterdam and Singapore were close to a 100-percent correlation mark between MDP and DBP, while Fujairah’s MDI remained above the $100 mark.
  
  We expect Global bunker indices to continue a slight downward movement on Jan.24: 380 HSFO –minus 1-3 USD/MT, VLSFO – minus 2-4 USD/MT, MGO LS – minus 3-6 USD/MT.
  Source: MABUX