Mabux: Global Bunker Prices

LNG BUNKER PAGE
- LNG bunker indexes
- OIL/GAS futures settlements
- LNG bunker news
- LNG fuel energy content
SEE LNG BUNKER INDEXES
MARKET BUNKER PRICES (MBP)
- 400+ ports worldwide
- Bunker Price History available from 2002
- Supplier's contact details
- Price forecast short (1 day) and long (rolling forward 2 years)
- Differentials section: VLSFO/380 HSFO, VLSFO/MGO LS, MGO LS/VLSFO
See Market Bunker Prices
DIGITAL BUNKER PRICES (DBP:ICE/NYMEX)
- Price adjustments to the Bunker Market's volatility instantly
- Completely independent
- Free from price manipulations
- Unique tool to identify overcharge/undercharge prices
See Digital Bunker Prices for free

MABUX ARA LNG Bunker Index
Port LNG$/mton MGO LS$/mton Date
ARA
808.50
-1.00
676.00
+1.00
Feb 3
Click to see more LNG Bunker Indexes

Port	LNG$/mton	MGO LS$/mton	Date
ARA	808.50	-1.00	676.00	+1.00	Feb 3

MABUX Global Bunker Index

380HSFO$/mton		VLS FO$/mton		MGO LS$/mton		Date
422.86	-1.50	505.09	-2.22	774.60	-7.34	Feb 3

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	385	426	-41	427	473	-46	676	698	-22	Feb 3
Singapore	420	422	-2	463	514	-51	665	691	-26	Feb 3
Fujairah	391	388	+3	455	505	-50	728	754	-26	Feb 3
Houston	346	403	-57	452	459	-7	660	674	-14	Feb 3

Click to see more details

Digital Bunker Prices
Reasons, Mechanism, Benefits
Click to view presentation

Try free for 3 days

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
- 2026-02-03
  Oil prices edge up on Russia supply worries, US-India trade deal
  Oil prices edged up on Tuesday after dropping more than 4% a day before, on worries over supply as Russia continued attacks on Ukraine and hopes an agreement between the U.S. and India to slash tariffs could boost global demand. News of armed boats near... Read more Oil prices edged up on Tuesday after dropping more than 4% a day before, on worries over supply as Russia continued attacks on Ukraine and hopes an agreement between the U.S. and India to slash tariffs could boost global demand.
  News of armed boats near the Strait of Hormuz also supported oil prices, while the possibility of a de-escalation in U.S.-Iran tensions limited those gains.
  Brent futures were up 67 cents, or 1.0%, at $66.97 per barrel at 11:23 a.m. EST (1623 GMT), while U.S. West Texas Intermediate (WTI) crude rose 76 cents, or 1.2%, to $62.90.
  On Monday, both crude benchmarks closed at their lowest since January 26.
  U.S. President Donald Trump’s move to slash tariffs on Indian imports lifted sentiment among exporters and policymakers even as details of the agreement remained scant.
  Trump announced a trade deal with India on Monday to cut tariffs to 18% from 50% in exchange for New Delhi halting Russian oil purchases and lowering trade barriers. India is one of the world’s biggest economies and oil importers.
  While the deal might appear bullish for oil, "the near-term impact will likely be on a further discount on Russian crude barrels that is unlikely to affect exit of shadow cargoes into the world market," energy advisory firm Ritterbusch and Associates said.
  ARMED BOATS
  In the Strait of Hormuz area between the Persian Gulf and the Gulf of Oman, a group of armed boats attempted to intercept a vessel 16 nautical miles (30 km) north of Oman, the United Kingdom Maritime Trade Operations said on Tuesday.
  
  OPEC members Saudi Arabia, Iran, the United Arab Emirates, Kuwait and Iraq export most of their crude via the strait, mainly to Asia.
  In Ukraine, President Volodymyr Zelenskiy accused Russia on Tuesday of exploiting a U.S.-backed energy truce to stockpile munitions, and using them to attack Ukraine a day before peace talks.
  The overnight attack knocked out heating in cities including the capital Kyiv as Ukrainian negotiators headed to Abu Dhabi for a second round of U.S.-brokered trilateral talks set for Wednesday and Thursday.
  Any delay to ending the war in Ukraine would likely keep oil prices elevated by leaving sanctions limiting Russia’s oil exports in place following Moscow’s 2022 invasion.
  Russia was the world’s third biggest crude producer behind the U.S. and Saudi Arabia in 2025, according to the U.S. Energy Information Administration.
  Oil prices slumped more than 4% on Monday after U.S. President Trump said Iran was "seriously talking" with Washington.
  Regional power United Arab Emirates urged Iran and the U.S. on Tuesday to use the resumption of nuclear talks this week to resolve a stand-off that has led to mutual threats of air strikes.
  Source: Reuters/Investing.com
- 2026-02-03
  MEBC conference addresses ‘high risk, low reward’ market for bunkering
  As the Middle East Bunkering Convention (MEBC26) got underway in Dubai this morning (3 February), the overriding sentiment among the 150+ delegates was of heightened uncertainty and far greater risk in shipping and bunker markets, both in the Middle East... Read more
- 2026-02-03
  New HQ for Christiania Energy
  Christiania Energy has announced the relocation of its headquarters within Odense Harbour. In a social media post today (3 February), the company, which was set up by the Eitzen Group last year, said the move will better support its growing team. ‘As... Read more
- 2026-02-03
  BV and Wärtsilä working together on LNG carrier efficiency project
  Bureau Veritas Marine & Offshore (BV) and Wärtsilä are collaborating a project that will use BV’s SEECAT analysis tool to evaluate the efficiency of conventional LNG carrier architecture against new and flexible hybrid-electric concepts being developed... Read more
- 2026-02-03
  Stena Line dropping Halmstad–Grenaa ferry route
  Stena Line has announced plans to close its ferry crossing between Halmstad in Sweden and Grenaa in Denmark, citing ‘significant challenges’ in achieving profitability on the route. The company has operated the Halmstad–Grenaa route since 2020 with... Read more
- 2026-02-03
  Haskoning buys Portwise to drive development of ‘smart and green’ ports
  Engineering consultancy Haskoning has acquired Netherlands-headquartered Portwise, a consultancy focused on the planning and simulation of ports and terminals. Portwise provides expertise and simulation capabilities to optimise terminal operations... Read more
- 2026-02-03
  Daniel Gent to lead Soya Group’s transition to low-carbon fuels
  Daniel Gent has left his position as Energy & Sustainability Manager of United European Car Carriers (UECC) to take up a new position with Soya Group. In a social media post today (3 January), Gent, who spent more than 18 years with the Oslo-based... Read more
- 2026-02-03
  Oil falls on possible US-Iran de-escalation, firm dollar
  Oil prices fell on Tuesday, easing for a second day, as market participants weighed the possibility of a de-escalation in U.S.-Iran tensions, while a firmer dollar placed greater downside pressure on prices. Brent crude futures fell 39 cents, or 0.5%,... Read more Oil prices fell on Tuesday, easing for a second day, as market participants weighed the possibility of a de-escalation in U.S.-Iran tensions, while a firmer dollar placed greater downside pressure on prices.
  Brent crude futures fell 39 cents, or 0.5%, at $65.91 per barrel at 0330 GMT. U.S. West Texas Intermediate crude was at $61.83 per barrel, down 31 cents, or 0.5%.
  Oil prices fell more than 4% on Monday after U.S. President Donald Trump said Iran was "seriously talking" with Washington, signaling a de-escalation of tensions with the OPEC member.
  Iran and the U.S. are expected to resume nuclear talks on Friday in Turkey, officials from both sides told Reuters on Monday, and Trump warned that with big U.S. warships heading to Iran, bad things could happen if a deal was not reached.
  "The sharp up-and-down moves in oil prices over the last few sessions look more like sentiment-driven trading rather than any major shift in fundamentals," said Phillip Nova senior market analyst Priyanka Sachdeva. "After last week’s rally, markets quickly gave back gains as broader risk assets also turned volatile."
  "With no fresh escalation on the geopolitical front and macro data still mixed, oil clearly failed to hold onto gains."
  Weighing on prices further, the U.S. dollar index hovered near a high of more than a week. A stronger greenback hurts demand for dollar-denominated crude from foreign buyers.
  "The continued recovery in the US dollar yesterday, following President Trump’s nomination of Kevin Warsh as the next Federal Reserve chair, also exerted downward pressure on oil prices," ING analysts said in a note.
  
  On the trade front, Trump on Monday unveiled a deal with India that slashes U.S. tariffs on Indian goods to 18% from 50% in exchange for India halting Russian oil purchases and lowering trade barriers.
  "Overnight, the US and India agreed on a trade deal ... if we do see this happen, it will only lead to a further increase in the amount of Russian oil floating at sea," the ING analysts said.
  Trump announced the deal on social media following a call with Indian Prime Minister Narendra Modi, noting that India had agreed to buy oil from the U.S. and possibly Venezuela.
  Some analysts said they were expecting volatile price movements this month.
  "Looking ahead into February, prices are likely to remain choppy and range-bound ... (they) are expected to stay highly reactive to headlines and macro cues rather than a decisive trend, with risk skewed to the downside," said Phillip Nova’s Sachdeva. Source: Reuters/Investing.com
- 2026-02-03
  The Net Zero Paradox No One Admits
  Western countries have led the push for net-zero economies for over a decade. Even though it’s China that is the biggest builder of wind and solar, and EVs, and the biggest investor in transition technology, it is Europe, the UK, and Australia that are... Read more Western countries have led the push for net-zero economies for over a decade. Even though it’s China that is the biggest builder of wind and solar, and EVs, and the biggest investor in transition technology, it is Europe, the UK, and Australia that are pushing for more emission cuts and more commitments for low-carbon energy. There is just one problem with that: they have outsourced all the high-emission activities, and these activities are now powering whole economies.
  
  Take cement, for instance. The biggest producer of the essential raw material for construction is, unsurprisingly, China, followed by India, with Vietnam a distant third in terms of annual production. That is not all, however. Within the top 10 of cement producers globally, there is no single European country. The only Western country on the list is the United States, at number four, with an annual production of 90 million tons for 2023, compared with 2,000 million tons for China.
  
  The outsourcing of heavy industry from the West to the East is nothing new. It began over 30 years ago and has been instrumental for China’s transformation into one of the largest economies in the world. That outsourcing trend has also fueled the growth of other Asian economies, such as India, Vietnam, Indonesia—the world’s largest nickel producer—and Turkey. Now, the outsourcing trend is also moving to Africa, as noted by Reuters’ Gavin Maguire in a recent column. As outsourcing continues, the divergence between the outsourcers and the outsourcees on energy, the importance of hydrocarbons, and a potential transition away from those hydrocarbons, is deepening.
  
  In 2024, the world spent a total of $2.4 trillion on energy transition activities, including investments in power grids, electric vehicles, wind, solar, batteries, and energy efficiency. Of that total, China accounted for 49%. Most of the rest came from Western countries, because they are the ones that can afford this kind of investment in a move away from oil, gas, and coal. China, interestingly, is not moving away from hydrocarbons, and neither are the other heavy industry-dependent economies in Asia and elsewhere.
  
  According to Reuters’ Maguire, the outsourcing of heavy industries such a cement production and steelmaking has essentially hooked the producing countries on those industries and made it harder for them to move beyond oil, gas, and coal as European countries, for instance, have done. But there are two small but crucial details here that need mentioning. One of these details is that Europe has basically outsourced a substantial portion of its heavy industry emissions. The other detail is that it has managed to reduce the overall amount of emissions by essentially decimating its own heavy industries with carbon permits that have made output non-competitive globally and even locally.
  
  There is also a third detail that is even more important than the other two. That detail is the fact that all the industries that are being touted by transition advocates require vast amounts of the commodities and products that those hydrocarbon-dependent countries produce, using the cheap energy that coal generates. Wind turbines, for instance, require substantial amounts of cement for their foundations and equally substantial amounts of steel. So, in a rather literal sense, it is the energy transition itself that is partially fueling the hydrocarbon-dependent economies in Asia, Africa, and South America.
  
  This is likely why, despite the record investments in net zero in 2024 and continued strong investments last year, global coal demand also kept breaking records, hitting an estimated 8.77 billion tons in 2024, which later had to be revised higher, to over 8.8 billion tons. Demand for the dirtiest hydrocarbon is estimated to have grown further in 2025, to 8.85 billion tons, according to the International Energy Agency.
  
  There is more demand coming in for hydrocarbons and the energy they generate for the production of things like cement, steel, and, not least, plastics, because of the massive growth in data center construction. AI and the infrastructure that hosts the technology, according to Reuters’ Maguire, is what drives Western economies, which have, with data centers and other Big Tech, moved beyond cement, steel, and coal. Yet it is precisely cement, steel, and coal that power the components of that infrastructure and make the existence of the tech industry possible. Indeed, data center operators are not shy about any hydrocarbons that can provide their facilities with round-the-clock electricity.
  
  It seems, then, that there is a growing divide between the countries betting on things like AI for their future economic growth and those that rely on basic material industries for their GDP. Beneath that surface, however, it is those latter economies that are essentially powering the former ones and their beyond-heavy-industry, net-zero ambitions. It is an uncomfortable fact, demonstrated quite clearly by China, that the energy transition is just as dependent on cheap and abundant energy as any other industry, up to and including services. Source: Oilprice.com
- 2026-02-03
  Winter Storm Fern: If a Million Outages Isn’t a Failure, What Is?
  “Wow, we really dodged the bullet. Maybe a million customers lost service, but none of the grids went down. Anyway, you can’t really prepare for freak events. Congrats on a job well done!” You can just imagine the imaginary manager of the imaginary US... Read more “Wow, we really dodged the bullet. Maybe a million customers lost service, but none of the grids went down. Anyway, you can’t really prepare for freak events. Congrats on a job well done!” You can just imagine the imaginary manager of the imaginary US electric grid control center telling that to the frazzled staff after that fierce winter storm dubbed Fern. Of course, a number of power plants (largely gas-fired) stopped operating, power lines went down, and in some parts, even a week later, there was still no power, and water systems were endangered. But it could have been worse.
  
  We don’t doubt that it could have been worse, but could the damage have been mitigated or prevented, and in the future, can it be mitigated or prevented? As a start, meteorologists first predicted that global climate change would breed more storms and more violent storms at least 30 years ago, and the drumbeat of warnings has only accelerated over time. Admittedly, the electric industry isn’t big on research and development (the percentage of revenue that goes to R&D has been persistently to the right of the decimal point for decades). Yet, presumably, somebody must get paid to keep up on scientific knowledge and brief the board of directors, unless they don’t want to know. However, the North American Electric Reliability Corp, the industry’s own reliability watchdog, has been putting out warnings, too. In its December 2024 reliability report, it listed 11 of the 20 reliability areas as heading into an elevated or high risk rating within five years, and its December 2025 winter report warned of tight margins of safety. That situation did not just happen. It built up over time.
  
  Why? Well, we would argue that restructuring of the industry, which took place at the beginning of the century, created a far more fragmented electric utility system, in which, in some places, as many as seven entities share the production, delivery and regulation of electricity. Basically, failure of any one of those entities can affect reliability or bring down the grid, but nobody is in charge of assuring that all these various entities work to the end of providing reliable service. To further complicate matters, the various components of our electrical system rarely have to take either financial or moral responsibility for lapses in service, unless the lapse is egregiously outrageous, such as burning down a large swath of the service territory (i.e. California). As a final problem, in order to create more competitive markets, restructuring led to enlarged and more complicated regional systems, which, we suggest, increases the likelihood that any failure will affect many customers at once.
  
  What to do? Build nuclear power plants, build more transmission, put distribution lines underground at a very steep cost, put more gas fired units into service, bring back coal? The domestic utility industry has offered variants of this recipe for decades without noticeably improving reliability. Maybe AI will figure out the right combination. But what about the possibility that the system itself is the problem and thus beyond reformation? If so, don’t expect the system to solve the problem. Assuming, of course, that you consider leaving a million consumers in the cold and the dark during an Arctic cold spell in any way indicates a problem.
  
  We are not system engineers or moral philosophers. We are just investors trying to read the tea leaves. To us, the January service breakdown in the face of winter storm Fern is one more sign of the fragility of the network and the increasing difficulty it has in providing trustworthy service. Customers who do not trust the network and can afford to do so will look for off-network solutions, whether on-site power generation and storage or local minigrids. They will give up economies of scale for reliability of service, because right now, they, the customers, bear the cost of grid unreliability. People who cannot afford non-grid solutions will then constitute a growing proportion of grid users, and they will have as hard a time paying for grid improvements in their electric bills as they have in finding the money for non-grid solutions. It might take a while for defectors to reach critical mass, so we would not use this as an opportunity to abandon utility equities. Investors probably have more time to enjoy the benefits of rate base expansion and the high ROEs many state utility commissions have been awarding. But, investors and customers do need to worry that the grid, with its present organizational structure and incentives, cannot solve the reliability problems it has by continuing to do what it has been doing for decades. In which case, a key segment of the customer base is at risk.
  
  Then again, maybe leaving a million people in the cold and dark isn’t a real problem. In that case, just keep up the good work. Source: Oilprice.com

Buy subscriptions via