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MABUX ARA LNG Bunker Index
Port LNG$/mton MGO LS$/mton Date
ARA
1 041.00
+47.00
1 000.00
-27.00
Jun 9
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Port	LNG$/mton	MGO LS$/mton	Date
ARA	1 041.00	+47.00	1 000.00	-27.00	Jun 9

MABUX Global Bunker Index

380HSFO$/mton		VLS FO$/mton		MGO LS$/mton		Date
671.21	-14.29	822.57	-20.18	1 212.25	-34.01	Jun 12

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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	545	637	-92	645	705	-60	1 000	1 177	-177	Jun 12
Singapore	575	665	-90	715	789	-74	1 025	1 170	-145	Jun 12
Fujairah	650	610	+40	1 220	744	+476	1 505	1 233	+272	Jun 12
Houston	638	654	-16	725	758	-33	1 050	1 121	-71	Jun 12

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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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Latest News
- 2026-06-12
  Maritec-Naias BUNKER FLASH Alert
  From the period of 20 May 2026 to 02 June 2026, Maritec-Naias tested multiple VLSFO bunker samples from deliveries in the Singapore port, which clearly indicated presence of high levels of Catalytic Fines & elevated Acid Numbers. To learn about data-driven... Read more From the period of 20 May 2026 to 02 June 2026, Maritec-Naias tested multiple VLSFO bunker samples from deliveries in the Singapore port, which clearly indicated presence of high levels of Catalytic Fines & elevated Acid Numbers.
  
  To learn about data-driven findings and more, read the attached BUNKER FLASH now.
  Learn about the readings of in-house testing + further key insights
  Read Maritec-Naias's recommendations, such as MFTP PLUS, to help mitigate risks
  
  With rising fuel contamination incidents observed, Maritec-Naias's Marine Fuel Testing Programme (MFTP) PLUS is designed to pre-emptively detect the prevailing issues. MFTP PLUS goes beyond the routine ISO 8217 testing to also include Gas Chromatography-Mass Spectrometry (GC-MS) Qualitative Screening of 38 compounds + Stability testing in one powerful solution.
  
  For more information on MFTP PLUS, write to admin@maritec.com.sg or info@naiaslabs.com Source: Maritec-Naias
- 2026-06-12
  Port of Rotterdam flags autonomous shipping milestone
  The Port of Rotterdam Authority and partners within the European MAGPIE project have completed a demonstration showing how an inland vessel can sail independently from one terminal to another in a busy port. In a statement issued today (11 June), the... Read more
- 2026-06-12
  Ports of Barcelona and Shanghai to partner on alternative marine fuels development
  The Port of Barcelona, the Shanghai Municipal Transportation Commission (SMTC) and Shanghai International Port Group (SIPG) have signed a strategic agreement that will see them boost cooperation in developing green ports and alternative fuels. The... Read more
- 2026-06-12
  Odessos Shiprepair Yard joins Green Marine Europe
  Bulgaria’s Odessos Shiprepair Yard S.A. has joined environmental certification program Green Marine Europe. Located at the southern end of Varna, the yard operates an integrated industrial infrastructure combining dry-docking and quay repair capabilities.... Read more
- 2026-06-12
  Hong Kong Marine Department launching alternative fuel-related incentive schemes
  The Marine Department of Hong Kong announced today (12 June) that it will be launching two new incentive schemes aimed at encouraging more vessels to bunker alternative maritime fuels. The Port Dues Incentive Scheme for Green Maritime Fuel-related... Read more
- 2026-06-12
  EC unveils ‘first-ever’ EU strategies for islands and coastal communities
  The European Commission (EC) has adopted two dedicated strategies, one for EU islands and one for EU coastal communities, which it says will together ‘set out for the first time a coordinated European approach to support both types of territories and... Read more
- 2026-06-12
  Kinkai Yusen conducting biofuel bunkering demonstration at Hakata on Tuesday
  Japan’s Kinkai Yusen has announced that a demonstration bunker delivery of B24 biofuel will made to the Ro-Ro vessel Nanotsu at Hakata Port on Tuesday next week (16 June). The Nanotsu is an 8,348 gross tonne vessel operating on the Hakata Port–Tsuruga... Read more
- 2026-06-12
  Oil extends losses as Trump calls off planned strikes on Iran
  Oil prices fell over $1 on Friday, extending losses from the previous session after U.S. President Donald Trump cancelled plans to strike Iran, reducing fears of an escalation of hostilities following tit-for-tat attacks earlier in the week. Brent... Read more Oil prices fell over $1 on Friday, extending losses from the previous session after U.S. President Donald Trump cancelled plans to strike Iran, reducing fears of an escalation of hostilities following tit-for-tat attacks earlier in the week.
  
  Brent futures fell $1.83 or 2% to $88.55 a barrel at 0410 GMT, while U.S. West Texas Intermediate (WTI) crude dropped $1.60, or 1.8%, to $86.11.
  
  Trump, who had threatened to hit Iran "very hard", called off planned strikes on Thursday, saying discussions with Iran had progressed and a peace deal that would reopen the Strait of Hormuz to shipping could be signed as soon as this weekend. Iran’s semi-official Fars news agency reported that Tehran had not approved the text of any agreement.
  
  "While this could, of course, be yet another false dawn, the market’s reaction has been both swift and decisive," said IG market analyst Tony Sycamore.
  
  He added that even as oil prices correct downwards, "as long as the price can hold above support in the low $80s, the risks remain firmly skewed to the upside."
  
  On Thursday, Iran announced "the closure" of the Strait of Hormuz, through which vessel traffic was already severely limited, saying it would fire on any ship trying to pass through the waterway. The strait normally carries a fifth of global oil and liquefied natural gas shipments and Tehran’s months-long blockade has kept energy prices elevated.
  
  State media reported on Friday that Iranian forces prevented a tanker from transiting the Strait of Hormuz without coordination.
  
  The U.S. military said on social media that commercial ships continued to transit the waterway.
  
  "We would be cautious about assuming that the extension of the ceasefire is a done deal. Even if it is, it could be fragile. And clearly, if nuclear talks do not progress, it could very easily fall apart," said ING analysts in a Friday note.
  
  "We believe the market reaches an inflection point in late July if we do not see oil flows resuming before then. This is when inventory levels and seasonally stronger demand push prices significantly higher towards $120-130 per barrel."
  
  The Organization of the Petroleum Exporting Countries (OPEC) on Thursday lowered its forecast for 2026 world oil demand growth to 970,000 barrels per day (bpd) from a previous 1.17 million bpd, marking its second straight downward revision.
  
  The producer group also said consumption would rebound later, raising its demand growth forecast for 2027. It expects 2027 oil demand to rise by 1.73 million bpd, up 190,000 bpd from its previous forecast. Source: Reuters/Investing.com
- 2026-06-12
  Rotterdam's Growing Oil Storage Fraud Problem Is Costing Traders Millions
  The port of Rotterdam has seen, in recent years, increasingly sophisticated attempts by fraudsters to scam millions of dollars out of traders by paper fraud, offering non-existent oil storage at one of the world’s biggest oil hubs. The frauds, using... Read more The port of Rotterdam has seen, in recent years, increasingly sophisticated attempts by fraudsters to scam millions of dollars out of traders by paper fraud, offering non-existent oil storage at one of the world’s biggest oil hubs.
  
  The frauds, using fake documents and fraudulent websites, lure traders to pay for oil storage that simply doesn’t exist at the Port of Rotterdam. The scams have been running for about 15 years, the Port of Rotterdam Authority has estimated, and has created a special task force to fight them.
  
  Scammers are selling non-existent inventories or non-existent storage capacity by exploiting the complexity of international oil trading and tank-storage logistics.
  
  Fraudsters are creating fake websites, emails, and other forms of digital contact based on trust and forged documents.
  
  That’s becoming so easy in the Internet era, with the availability of so many AI tools that unsuspecting traders could easily fall into the trap.
  
  Much of the information about legitimate oil storage and trading companies is publicly available via websites, chambers of commerce, Google Maps, logos, and whatnot. This makes content easy to copy into fake websites impersonating legitimate companies, significantly increasing the number of fraudulent websites that are very similar and difficult to distinguish from the legitimate ones.
  Related: India Flags Second Tanker Incident Off Oman Within 24 Hours
  
  The task force involving the Port of Rotterdam and other authorities is actively committed to identifying these websites, blacklisting them, and having them taken offline.
  
  Because oil traders are getting burnt. One of these is British oil trader Atif Aslam, who has discovered that documents relating to oil supposedly stored in Rotterdam had been forged, Dutch outlet NOS reports.
  
  The oil involved in Aslam’s trade did not exist, nor did the storage facility at the Port of Rotterdam, for which he had already paid. Aslam lost nearly $1.5 million in the deal.
  
  The paper frauds with forged documents and fraudulent websites are estimated to cost traders at least $11.5 million (10 million euros) every year, and this is only for known and reported instances of these scams.
  
  The frauds are attempting to swindle traders out of billions of U.S. dollars. Last year, deals with a total offered value of $2.9 billion (2.5 billion euros) were reported to the task force, the Port of Rotterdam Authority said earlier this year.
  
  In February, the port authority and VOTOB, the Association of Dutch Tank Storage Companies, expanded the task force aimed at combating the fraud scheme known as storage spoofing.
  
  Storage spoofing, or tank storage spoofing, is the collective term coined and used in Rotterdam for all forms of selling non-existent storage capacity and inventories of raw materials and products at terminals, particularly in the port of Rotterdam area.
  
  This is a form of Internet fraud, in which scammers offer goods via fake websites that impersonate well-known tank storage companies.
  
  “Victims include, on the one hand, international traders who are misled and lose substantial sums of money to non-existent deals, and on the other hand legitimate companies in the port area whose names and data are misused,” the Port of Rotterdam Authority says.
  
  There have even been cases in which tank trucks arrive at terminals in Rotterdam to collect oil products that simply do not exist.
  
  The authorities are combating increasingly sophisticated scams because AI tools allow the creation of convincingly realistic websites or the cloning of a well-known trading company's website.
  
  The frauds are damaging the reputation of legitimate oil trading firms and storage companies and their websites, as they are being impersonated by fraudsters. That’s why the task force includes the associations of Dutch tank storage companies VOTOB and the commodity traders’ association, The Commodity Traders (TCT), as well as the Seaport Police District, including the Digital Expertise team.
  
  “Several of our members have been dealing with this for years,” Willem-Henk Streekstra, Director of VOTOB, said, commenting on the collaboration with the Port of Rotterdam Authority to combat the fraud.
  
  “With this cooperation, we are providing professional support to reduce storage spoofing,” Streekstra added.
  
  “Together we can do more than each of us individually. It remains extremely frustrating when your company name is misused and people lose large amounts of money.”
  
  The scams running for a decade and a half, and the increasingly sophisticated forgeries of documents, papers, and websites, have prompted the authorities, tank companies, and traders’ associations to launch an awareness platform at www.storagespoofing.nl.
  
  Storagespoofing.nl is a collaboration between the Port of Rotterdam Authority, VOTOB, TCT, and the Seaport Police.
  
  “Storage spoofing is a form of digitalised crime that affects the economy and the integrity of ports, as well as the people who work there,” says Marijn van Schoote, Director of Ferm Seaports.
  
  “It is therefore positive that this new cooperation ensures continued attention to combating this type of fraud,” van Schoote adds.
  
  “We are very pleased that the Port of Rotterdam Authority and VOTOB recognise this urgency.” Source: Oilprice.com
- 2026-06-12
  Iraq's Energy Sector Faces Its Most Important Test in Decades
  Iraq’s oil sector has been discussed over the last few years primarily through the lens of production figures, OPEC quotas and reserve estimates. The latter, however, is no longer sufficient or even appropriate, as today’s story is no longer only oil.... Read more Iraq’s oil sector has been discussed over the last few years primarily through the lens of production figures, OPEC quotas and reserve estimates. The latter, however, is no longer sufficient or even appropriate, as today’s story is no longer only oil. The current focus should be on a struggle over sovereignty, state authority, regional geopolitics and economic survival.
  
  The coming months will prove decisive for the future of Iraq’s hydrocarbon sector. The government in Baghdad is currently attempting to rebuild and centralize an energy industry that has been fragmented for decades by war, corruption, militia influence, regional rivalries and institutional weakness. Iraq, at the same time, will need to get out of the ongoing conflict between an assertive Iran, increasingly independent Kurdish ambitions, and mounting pressure from international energy markets.
  
  The irony is striking. The Middle East giant still holds some of the world's largest oil and gas reserves, but its energy future will be determined not by geology but by politics.
  
  Iraq’s Ministry of Oil has become the centerpiece of Baghdad’s broader state-building project. Since early 2026, federal authorities have accelerated efforts to centralize control over exports, revenues and infrastructure. After the elections, a new leadership has been appointed. The increasing role of SOMO and federal institutions already indicates a clear objective: to reduce fragmentation and restore Baghdad's authority over the entire hydrocarbon sector. The new Iraqi leadership has become aware that continued political fragmentation translates directly into lost revenues and reduced strategic influence.
  
  The Hormuz crisis has only amplified the urgency of these reforms, as the country is among the hardest hit by disruptions to Gulf energy exports. Before the regional conflict, Baghdad exported around 93 million barrels per month through the Strait of Hormuz. By April 2026, however, these exports through the Strait had declined to around 10 million barrels. Again, even if some don’t want to see it, this has exposed the extraordinary vulnerability of Iraq’s export system. Insurance costs, security concerns, and tanker shortages created an economic shock that Baghdad could not ignore.
  
  For the first time in years, Baghdad’s policymakers are forced to confront a reality that energy analysts have highlighted for decades. The country cannot continue relying almost exclusively on southern export terminals connected to a single geopolitical chokepoint.
  
  This new realization, or maybe even the first-time realism back in town, is the main factor behind the resumption of exports through the Kirkuk-Ceyhan pipeline has become so strategically important. The March 2026 agreement between Baghdad and the Kurdistan Regional Government (KRG) was not simply an export deal. Without a doubt, Iraq's energy security depends on cooperation between Erbil and Baghdad, which the Iraqi government now acknowledges. Exports through Ceyhan have resumed at around 200,000-250,000 bpd, with ambitions to increase substantially in the coming months. Joint committees have been established, revenues are again flowing into federal structures, and both sides recognize the strategic necessity of keeping northern export routes operational.
  
  Still, there should not be real optimism yet, as this would be a major mistake; it is only a tactical cooperation, not yet a strategic reconciliation.
  
  The relationship between Baghdad and Erbil remains fundamentally fragile. The KRG continues to demand guarantees on budget transfers, salary payments, trade restrictions and investor protections. All Kurdish leaders have repeatedly argued that security threats from militia groups operating near energy infrastructure will have to be addressed and fully removed before long-term confidence can return. Iraqi authorities, however, still insist that all hydrocarbon revenues ultimately belong to the Iraqi state.
  
  Despite these tensions, there are reasons for cautious optimism.
  
  The Hormuz crisis has created a rare alignment of interests: Baghdad needs northern export routes, while the KRG needs revenue. International oil companies need predictability. Turkey wants transit volumes restored. Washington supports closer federal-KRG cooperation. For perhaps the first time in years, all major stakeholders benefit from a functioning export framework. This also applies to natural gas projects.
  
  For decades, Iraq has been one of the world's great paradoxes: a major energy producer that continues to import gas and electricity. Associated gas flaring remains enormous, while domestic demand continues to rise. Due to the changing geopolitical and security situation in the region, Baghdad now sees gas development as both an economic necessity and a geopolitical imperative. Clearly, every cubic meter of domestically produced gas will reduce Iraq’s dependence on Iranian imports and strengthen the country’s energy security.
  
  This is where the Kurdish region may become a critical part of Iraq's future.
  
  The KRG possesses significant untapped gas resources capable of supporting domestic Iraqi demand, industrial development, and, potentially, future exports to Turkey and Europe. European and other Western policymakers are increasingly viewing Kurdish gas development as a means of reducing Iraqi dependence on Iran. At the same time, it will also support Europe’s move to quit its dependence on Russian and other external suppliers. The strategic importance of Kurdish gas has therefore risen substantially over the last two years.
  
  While all of this is clear, it still does not separate it from the Iranian factor.
  
  Iran remains the single most important external influence on Iraq's political and energy landscape. The Iranian Iraqi relationship is deeply embedded through trade, electricity imports, religious networks, political parties and security structures. The last sanctions on Iraqi officials and allegations involving Iranian-linked oil networks have again highlighted how difficult it remains to separate Iraqi energy policy from broader regional geopolitics. Baghdad’s main challenge is not simply Iranian influence; it is the role of Iran-linked militias operating inside the country.
  
  The new Iraqi leadership has pledged to strengthen state authority and bring weapons under government control. Some militia groups have signaled a willingness to cooperate with reform efforts, while others remain deeply entrenched inside political, security and economic structures. Emerging optimism about signs that certain factions explore separation from formal militia frameworks should be tempered, as institutional influence built over two decades cannot be dismantled overnight.
  
  For international investors, Western but also others, this situation or critical position remains the single greatest concern.
  
  International oil companies can manage geological risks or price volatility. IOCs and NOCs can even manage regulatory uncertainty. The main issue they are unable to deal with is the risk of missile attacks, militia interference, political intimidation and infrastructure disruption. For Iraq, the coming weeks (or months) will represent a critical test.
  
  If Baghdad succeeds in gradually strengthening state authority while avoiding confrontation with militia actors, investor confidence can improve. If tensions between Washington and Tehran escalate again, as they seem to be doing at present, Iraq is clearly expected once more to be one of the preferred arenas for proxy competition. Under such circumstances, pipelines, oil fields, export terminals and foreign-operated facilities would inevitably become targets.
  
  At the same time, the broader regional environment adds another layer of complexity. The closure of the Strait of Hormuz has changed Iraqi strategic thinking. Even as regional tensions ease, policymakers now understand that the old model is no longer viable. Baghdad is and will need to actively explore alternative export routes, pipeline expansions, and new agreements with Turkey. Discussions involving international energy companies, including major American firms, demonstrate Iraq's ambition to increase production capacity toward 5 million bpd while simultaneously expanding gas development.
  
  Again, however, strategies and political wishful thinking will be confronted by a list of obstacles that must be addressed. The existing Iraq-Turkey pipeline framework faces uncertainty as long-standing agreements approach expiration. At the same time, infrastructure investment needs will be massive, totaling several billion dollars. Security concerns remain significant for a longer period. Yet the direction of travel is increasingly clear: Iraq is seeking diversification, redundancy and greater strategic autonomy.
  
  This is where the story could become more optimistic than many observers assume.
  
  For years, Iraq's energy narrative has been dominated by crises. ISIS. Budget disputes. Oil price collapses. Iranian influence. Militia violence. Pipeline shutdowns and political paralysis. At present, however, maybe for the first time in a decade, there are signs that structural incentives are aligning in favor of reform.
  
  Baghdad recognizes the necessity of stronger institutions, including a functioning security system. At the same time, the KRG recognizes the necessity of cooperation. International investors recognize the scale of the opportunity. Turkey recognizes the value of Iraqi exports. Even regional actors increasingly understand that a stable Iraqi energy sector benefits everyone. The potential prize is enormous.
  
  Even with the Middle East's vast potential, Iraq remains one of the few countries capable of materially increasing global oil production over the next decade. The country’s gas reserves are still underdeveloped, while its petrochemical sector offers substantial growth opportunities. Geography here also plays a significant role, as its location serves as a bridge among the Gulf, Turkey, Europe, and the Eastern Mediterranean.
  
  For the Kurdish region, the outlook is equally promising if political agreements can be sustained. The combination of oil exports, gas development, proximity to Turkey and growing international interest in energy diversification could transform the KRG from a perpetual political problem into one of Iraq's most important economic assets.
  
  Optimism could be right, but reality is still hard to deal with. Iranian influence, even if the current regime in Tehran is weakened, will remain. Iraqi Shia militias will not disappear overnight, while the Baghdad-Erbil disputes are not solved yet. Regional instability will periodically return, even in case of a US-Iran deal or a change of regime in Tehran.
  
  Yet the most important development is that Iraq's leadership is finally beginning to address the structural weaknesses that have constrained the sector for decades. The next crisis in Tehran, Washington or Erbil will not determine the future of Iraq’s oil and gas industry. When addressed rightly, it will be determined by whether Iraq can build institutions stronger than the political forces that have historically divided it. Source: Oilprice.com

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