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MABUX ARA LNG Bunker Index
Port LNG$/mton MGO LS$/mton Date
ARA
1 221.00
+371.00
1 130.00
+30.00
Mar 10
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Port	LNG$/mton	MGO LS$/mton	Date
ARA	1 221.00	+371.00	1 130.00	+30.00	Mar 10

MABUX Global Bunker Index

380HSFO$/mton		VLS FO$/mton		MGO LS$/mton		Date
798.51	+16.09	962.36	+13.18	1 371.46	+27.35	Mar 13

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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	715	644	+71	760	714	+46	1 130	1 147	-17	Mar 13
Singapore	860	661	+199	1 143	789	+354	1 800	1 140	+660	Mar 13
Fujairah	896	612	+284	1 040	765	+275	1 473	1 203	+270	Mar 13
Houston	610	613	-3	725	718	+7	1 140	1 147	-7	Mar 13

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Latest News
- 2026-03-13
  IMO to hold extraordinary Council meeting on Middle East situation
  The International Maritime Organization (IMO) has convened an extraordinary session of its Council to address the impacts of the war in the Middle East on shipping and seafarers. The session will focus on the situation in the Arabian Sea, the Sea of... Read more
- 2026-03-13
  Enagás LNG bunkering vessel launched at the Port of Huelva
  The 12,500 cubic metre (cbm)-capacity Alisios LNG, owned by Enagás through its Scale Green Energy subsidiary, was launched today (12 March) at the Port of Huelva in south-west Spain and will now go on charter to Swiss energy producer and trader, Axpo. The... Read more
- 2026-03-13
  Maritec-Naias issues alert on Phenolic compounds found in Singapore bunker fuels
  Fuel testing company Maritec-Naias says that in recent months multiple very low sulphur fuel oil (VLSFO) bunker samples from vessels that have refuelled in Singapore have registered high levels of chemical compounds. Seven cases were reported to have... Read more
- 2026-03-13
  The Week in Alt Fuels: Fuel reckoning
  A war-driven oil shock has once again exposed shipping’s vulnerability to fossil fuel dependence and reinforced the need to shift to low- and zero-emission bunker fuels. The ongoing Middle East conflict and the closure of the Strait of Hormuz have... Read more A war-driven oil shock has once again exposed shipping’s vulnerability to fossil fuel dependence and reinforced the need to shift to low- and zero-emission bunker fuels.
  
  The ongoing Middle East conflict and the closure of the Strait of Hormuz have roiled global oil and gas markets. The front-month ICE Brent crude futures contract topped $100/bbl earlier this week, a staggering $27/bbl rise from around $73/bbl before the war started.
  
  For bunker buyers, the fallout has been painful.
  
  Conventional fuel availability has tightened at major hubs like ARA and Singapore. Bunkering in Fujairah and Khor Fakkan has been thrown into uncertainty over fuel loadings.
  
  Rallying crude prices, bunker supply squeezes and surging demand have sent bunker prices into a frenzy this month. VLSFO and HSFO benchmarks have shot up by $268–314/mt in Rotterdam and by $405–617/mt in Singapore. Singapore's LSMGO price has surged $1,112/mt higher so far this month, pushed up by a $344/mt gain in low-sulphur gasoil futures and severely tight supply.
  
  This fallout from the war has once again exposed shipping's vulnerability to geopolitical shocks and conventional fuel supply disruptions.
  
  “The Middle East crisis has clearly shown that reliance on a small number of petrostates for global trade and global energy security is potentially outdated,” Em Fenton, senior director for climate diplomacy at Opportunity Green, told ENGINE.
  
  “Actually what we should be looking towards is a just and equitable transition to a globally decentralised energy economy that will support the shipping, or even the aviation industry, and ensure net-zero emissions. And I think that [the Middle East crisis] we’re seeing at the moment is a very good argument to invest in truly net-zero alternative fuels.”
  
  Two e-fuel producers have echoed Fenton's views.
  
  Germany-based Ineratec argued that “decentralised” production facilities could “reduce European dependency on crude oil imports, diversifying supply structures while simultaneously lowering emissions across fuel supply chains.”
  
  Sweden's Liquid Wind was equally direct.
  
  “Recent turmoil in the Middle East and sharp spikes in global oil and gas prices highlight how exposed Europe remains as long as it relies on imported fossil energy. When major shipping routes can be disrupted overnight, the true cost of fossil dependence becomes clear,” the company noted.
  
  Both companies have planned modular plants designed to produce e-fuels for shipping and other sectors.
  
  Ineratec produces synthetic marine diesel oil (e-MDO) derived from green hydrogen and captured carbon, a drop-in fuel that can be used in conventional marine engines without any modifications.
  
  Liquid Wind is targeting 80 modular plants across the Nordic region by 2030, each capable of producing around 100,000 mt/year of e-methanol.
  
  “E-Fuels like e-methanol will be essential, especially for aviation and shipping, where liquid fuels remain necessary long‑term. Expanding European e-fuel production, based on renewable electricity and biogenic CO2, can reduce reliance on unstable regions and strengthen Europe’s industrial and strategic autonomy,” Liquid Wind added.
  
  And a flurry of commercial activity over the past week suggests that interest in low- and zero-emission fuels has started to translate into action.
  
  Japan’s Idemitsu Kosan and Singapore-headquartered bunker supplier Consort Bunkers plan to supply green methanol variants in Singapore and major East Asian ports. Idemitsu will procure bio- and e-methanol and Consort Bunkers will carry out physical deliveries.
  
  Wallenius Wilhelmsen has signed a two-year agreement to purchase bio-methanol from Equinor. Deliveries will start later this year in the ports of Zeebrugge and Antwerp. The physical supplier has not yet been disclosed.
  
  Over the past week, Chimbusco Pan Nation and Sinopec (Hong Kong) Petroleum each carried out bio-methanol bunker operations in China and Hong Kong. The third operation saw SIPG Energy deliver more than 3,300 mt of bio-methanol to a CMA CGM vessel.
  
  Danish shipping firm A.P. Moller-Maersk will source liquefied biomethane (LBM) from bunker supplier Avenir LNG’s subsidiary Avenir Marine. The first volumes are expected to be delivered in 2027, around the same time that Maersk will take delivery of its first LNG dual-fuel vessel, Avenir said.
  
  Whether this momentum translates into lasting structural change will largely depend on policy implementation, especially at the IMO.
  
  “Scaling up low- and zero-emission fuels is essential. Whether it’s now or into the future, the transition away from fossil fuels in crucial. If we do it now and we do it on a global basis, it will be fairer, more effective and more economical. But it has to happen,” Fenton stressed.
  
  IMO member states are scheduled to meet in April for the Marine Environment Protection Committee's 84th session (MEPC 84) in London, which could be a critical opportunity to advance global Net-Zero Framework discussions and finalise lifecycle assessment guidelines.
  
  And Fenton argues that nations can't afford to stall.
  
  “If scaling up e-fuels is supported by global regulation, then it’s not individual countries or companies trying to build their own supply chains,” they said. “It becomes a global supply chain that can be designed around shared demand. I think now is the best time to do this, if not yesterday."
  
  In other news this week, companies are holding off investments in hydrogen carrier import terminals due to uncertainty over future demand, the Port of Rotterdam authority said, following a recent market consultation. Most companies expect planned terminals to become operational only after 2030, the port authority added.
  
  Tanker shipping company AET completed its first LBM trial as part of its efforts to advance decarbonisation and prepare for FuelEU Maritime targets. The trial was conducted on the dual-fuel Aframax tanker Eagle Brasilia, which took on LBM in Rotterdam before undertaking a cross-European voyage.
  
  Hy2Gen-owned Iverson eFuels pulled the plug on its planned green ammonia project in Norway's Sauda district, which could have produced fuel for bunkering. Iverson eFuels made the decision after the Norwegian state-owned grid operator Statnett withdrew the project's allocated grid capacity, it said. Source: Engine
- 2026-03-13
  Oil heads for weekly gains despite US sanctions waiver on Russian oil
  Oil prices headed for weekly gains as of Friday, despite the U.S. trying to ease supply concerns by issuing a 30-day license for countries to buy Russian oil and petroleum products stranded at sea. Brent futures for May rose 10 cents, or 0.1%, to $100.56... Read more Oil prices headed for weekly gains as of Friday, despite the U.S. trying to ease supply concerns by issuing a 30-day license for countries to buy Russian oil and petroleum products stranded at sea.
  
  Brent futures for May rose 10 cents, or 0.1%, to $100.56 a barrel by 0400 GMT, heading for about a 9% weekly increase. U.S. West Texas Intermediate (WTI) crude for April was down 16 cents, or 0.2% at $95.57 a barrel, though also poised for a 7% uptick for the week.
  
  The license was issued in what Treasury Secretary Scott Bessent said was a step to stabilise global energy markets roiled by the U.S.-Israeli war on Iran, but analysts said this has failed to resolve wider supply constraints.
  
  "ICE Brent futures have already breached $100 per barrel and are still supported today, despite moves to calm the markets with the Russian oil waiver and the unprecedented release of emergency stockpiles," said Emril Jamil, senior analyst at LSEG.
  
  "The market sees this as a short-term solution that does not address the crux of the supply disruption. The crude intermonth spreads for future months indicate an unresolved and continued tightness in supply," Jamil said.
  
  Brent is more supported than WTI as Europe is more susceptible to energy security issues, while the U.S. is able to stave off its exposure due to its domestic output, Jamil said.
  
  Yang An, analyst at Haitong Futures, said: "Issuing the license has eased market concerns, but it won’t resolve the most fundamental issue. The most important thing is the restoration of navigation in the Strait of Hormuz."
  
  The announcement on Russian oil came a day after the U.S. Energy Department said the U.S. would release 172 million barrels of oil from its Strategic Petroleum Reserve to help curb skyrocketing oil prices.
  
  That plan was coordinated with the International Energy Agency, which has agreed to release a record 400 million barrels of oil from strategic stockpiles, including the U.S. contribution.
  
  Fleeting relief sparked by the IEA release, however, was shattered by a re-escalation of Middle East risks, IG analyst Tony Sycamore said in a note.
  
  Both benchmark prices surged more than 9% on Thursday and hit their highest levels since August 2022.
  
  Iran’s new supreme leader Mojtaba Khamenei said Iran would fight on and keep the Strait of Hormuz shut as leverage against the United States and Israel.
  
  Two fuel tankers in Iraqi waters were struck by explosive-laden Iranian boats, Iraqi security officials said on Thursday. An Iraqi official told state media that the country’s oil ports have completely stopped operations.
  
  Meanwhile, U.S. Treasury Secretary Scott Bessent told Sky News in an interview that the U.S. Navy, perhaps with an international coalition, would escort vessels through the Strait of Hormuz when it is militarily possible. Source: Reuters/Investing.com
- 2026-03-13
  Iraq to Hold Oil Output Near 1.4 Million Bpd as War Strangles Exports
  Iraq will maintain crude oil production at roughly 1.4 million barrels per day as the war disrupting the Persian Gulf continues to cripple the country’s export routes, Oil Minister Hayan Abdel-Ghani said Thursday, according to the state news agency. The... Read more Iraq will maintain crude oil production at roughly 1.4 million barrels per day as the war disrupting the Persian Gulf continues to cripple the country’s export routes, Oil Minister Hayan Abdel-Ghani said Thursday, according to the state news agency.
  
  The figure represents a dramatic collapse from Iraq’s normal production levels. Before the conflict effectively froze tanker traffic through the Strait of Hormuz, Iraq had been pumping a little over 4 million barrels per day, according to recent OPEC data and secondary-source estimates cited in the group’s Monthly Oil Market Report. In other words, the country is currently producing barely one-third of its typical output.
  
  The problem isn’t a lack of oil in the ground—it’s getting that oil to market.
  
  With Gulf export routes largely unavailable, Iraq has been forced to improvise. About 200,000 barrels per day are now being moved by truck through neighboring countries including Turkey, Syria, and Jordan, according to the oil minister. Even so, those alternative routes barely scratch the surface compared with Iraq’s normal export capacity.
  
  Most of Iraq’s oil is produced in its southern fields and typically shipped out via terminals in the Gulf. With maritime flows disrupted by the conflict, production from those fields has reportedly plunged roughly 70%.
  
  The economic consequences are severe. Oil sales account for more than 90% of Iraq’s government revenue and fund the bulk of public spending. A prolonged disruption threatens to blow a hole in the country’s already fragile finances.
  
  Baghdad is now exploring alternative export routes in hopes of stabilizing the situation. The oil ministry has asked the Kurdistan Regional Government to pump at least 100,000 barrels per day from the Kirkuk fields and send the crude north through Turkey’s Ceyhan pipeline. Officials say an agreement on exports via Ceyhan is expected soon, though details remain unclear. Source: Oilprice.com
- 2026-03-13
  Ukraine Hits Major Oil Export Pipeline Hub in South Russia
  Ukraine on Thursday hit in a drone attack a key pipeline hub of Russia’s crude oil exports in the southern region of Krasnodar as Kyiv intensifies strikes on Russian energy and military infrastructure. The pipeline terminal at Tikhoretsk, which hosts... Read more Ukraine on Thursday hit in a drone attack a key pipeline hub of Russia’s crude oil exports in the southern region of Krasnodar as Kyiv intensifies strikes on Russian energy and military infrastructure.
  
  The pipeline terminal at Tikhoretsk, which hosts a major oil depot and a pumping station, was hit and a large fire broke out as a result, a source with knowledge of the situation told Bloomberg.
  
  Tikhoretsk is a major oil transshipment and pumping station for Russian oil supply in it southern regions and for exports from its Black Sea ports of Novorossiysk and Tuapse. The Tikhoretsk pumping station distributes crude received via four main pipelines toward the Black Sea ports.
  
  The attack at Tikhoretsk could further complicate Russian oil exports from the Black Sea, which have been hampered in recent months by additional U.S. sanctions on Russian producers and frequent Ukrainian attacks and drone hits at the port of Novorossiysk and surrounding oil storage and pumping infrastructure.
  
  Earlier this month, Ukrainian drones hit an oil terminal at Novorossiysk, setting the depot on fire.
  
  Novorossiysk is a critical oil hub and loading terminal for a large part of Russia’s oil exports from the Black Sea. It is also close to a terminal operated by the Caspian Pipeline Consortium (CPC) which operates the pipeline and loadings of crude oil from Kazakhstan’s huge oilfields.
  
  The attacks on infrastructure and the hefty discounts of Russia’s crude to benchmarks in February sank Russian revenues from oil exports to the lowest level since the invasion of Ukraine four years ago, the International Energy Agency said today.
  
  Russia’s crude and oil product export volumes slumped by 850,000 barrels per day to 6.6 million bpd in February, while total oil export revenues decreased to $9.5 billion, down by $1.5 billion from January, the IEA said in its Oil Market Report for March. Source: Oilprice.com
- 2026-03-13
  Fujairah Oil Terminals Resume Operations After Drone Attack
  Operations at the United Arab Emirates’ key oil storage and bunkering hub in Fujairah are gradually returning to normal after attacks earlier this week disrupted loading activities at several terminals. Most storage terminals and berths at the Fujairah... Read more Operations at the United Arab Emirates’ key oil storage and bunkering hub in Fujairah are gradually returning to normal after attacks earlier this week disrupted loading activities at several terminals.
  
  Most storage terminals and berths at the Fujairah Oil Tanker Terminal (FOTT) are now operating again, according to trade and shipping sources. Shipping agent reports show that all berths at Oil Terminal 1 and a very large crude carrier (VLCC) jetty are functioning, while several berths at Oil Terminal 2 have also resumed accepting vessels.
  
  The resumption follows an incident on March 9 when debris from a drone intercepted by UAE air defence systems fell inside the Fujairah Oil Industry Zone, sparking a fire that damaged oil storage infrastructure, according to the Fujairah press office. Authorities said the blaze was quickly brought under control, but the incident forced several terminals to suspend operations temporarily as a precaution.
  
  FOTT, which has storage capacity of about 1.18 million cubic metres, is one of the main locations where crude cargoes are loaded in the emirate. In the immediate aftermath of the attack, several terminal operators halted loadings while bunker terminals suspended the loading of fuel onto barges, tightening marine fuel availability for ships operating in the region. Limited bunkering continued using inventories already stored on barges, traders said, though suppliers have been unable to replenish those stocks until terminal operations resume fully.
  
  State-owned Abu Dhabi National Oil Company (Adnoc) has since informed international partners holding stakes in Murban crude production that they can proceed with loading some March cargoes from Fujairah, signalling a gradual normalization of operations.
  
  Not all facilities have fully restarted. The Mena Fujairah Terminal remains offline after drone debris damaged naphtha storage tanks last week, while bunker suppliers said they are still awaiting clearance to resume barge operations at the Vopak Horizon terminal.
  
  Fujairah is one of the world’s largest oil storage and refuelling centres for ships, located just outside the Strait of Hormuz on the Gulf of Oman. The port is a critical refuelling hub for vessels travelling between Asia, Europe and the Middle East.
  
  The temporary disruption earlier this week tightened bunker fuel availability and pushed regional marine fuel prices higher, with traders reporting reduced offers and increased caution among suppliers.
  
  Industry participants say operations remain cautious as the conflict continues, with companies closely monitoring security conditions around critical energy infrastructure and shipping routes in the Gulf. Source: Oilprice.com
- 2026-03-13
  Iran Warns Gulf Energy Assets Could Burn if Its Oil Facilities Are Targeted
  Charles Kennedy Charles Kennedy Charles is a writer for Oilprice.com More Info Share Facebook Twitter Linkedin Reddit Set us as your preferred Google source Related News TotalEnergies Freezes Fuel Prices in France Amid ‘Exceptional Volatility’ RWE... Read more Charles Kennedy
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  Related News
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  Iran Warns Gulf Energy Assets Could Burn if Its Oil Facilities Are Targeted
  By Charles Kennedy - Mar 12, 2026, 3:41 PM CDT
  
  Iran’s Islamic Revolutionary Guard Corps (IRGC) warned Thursday that it could ignite a wider energy crisis across the Middle East if Iran’s own oil and gas infrastructure comes under attack.
  
  In a statement carried by state broadcaster IRIB, the IRGC said any strike on Iran’s energy facilities or ports would trigger a “crushing and devastating response.” The force warned that, in such a scenario, oil and gas infrastructure across the region linked to the United States and its Western allies would be “set on fire and destroyed.”
  
  The warning comes as tensions in the Gulf intensify amid an expanding conflict between Iran, the United States and Israel. Iranian forces have targeted international cargo ships in the Strait of Hormuz with missiles and drones, disrupting one of the world’s most critical energy shipping lanes.
  
  Meanwhile, Iran’s top security official Ali Larijani issued a direct warning to US President Donald Trump, accusing him of making a “grave miscalculation” by initiating the war. In a post on X, Larijani said Iran would continue its military actions until the US president regretted the decision.
  
  According to US Central Command, American forces have struck more than 5,500 targets inside Iran since the start of the conflict, including more than 60 vessels.
  
  The escalating confrontation is raising fears of a broader regional war that could threaten energy infrastructure across the Gulf and disrupt global oil supplies. Source: Oilprice.com
- 2026-03-13
  Middle East War Revives Push for Domestic Energy
  The Middle East war and the mother of all oil shocks—the de facto closure of the Strait of Hormuz—have exposed the global dependence on oil and gas as buyers scramble for cargoes and consumers once again bear the brunt of spiking energy prices. Before... Read more The Middle East war and the mother of all oil shocks—the de facto closure of the Strait of Hormuz—have exposed the global dependence on oil and gas as buyers scramble for cargoes and consumers once again bear the brunt of spiking energy prices.
  
  Before the war, the world had just overcome the energy system disruption from the Russian invasion of Ukraine and the embargoes on Russian energy in most of the developed economies. Some thought this was the biggest energy shock this decade, and most governments placed energy security ahead of any climate or net-zero goals, betting that non-Russian oil and gas would be more than sufficient to meet the still growing demand.
  
  From Glut to Shortage
  
  For a while, it was.
  
  Just a month ago, global oil and gas supply was abundant. Oil and LNG producers were ramping up exports, and the markets and analysts prepared for a glut in both the oil and gas markets.
  
  But then all that changed overnight.
  
  The Strait of Hormuz, the world’s most vital oil and LNG chokepoint through which 20% of global oil and LNG trade passes, has been off limits for nearly two weeks, wreaking havoc on global markets and energy prices.
  
  The shock of soaring oil and gas prices is set to result in spikes in inflation and slowing economic growth, analysts have started to warn.
  
  And governments have come to realize that the massive dependence on Middle East supply is untenable when the shock is so big.
  
  Many countries and analysts were complacent that a closure of the Strait of Hormuz is unlikely to happen, considering that Iran needs the passage, too, to continue exporting its sanctioned oil, mostly to China.
  
  But the Iranian regime is now playing for survival amid an existential threat to the Islamic Republic, and all bets on further escalation are off.
  
  “US$200/bbl is not outside the realms of possibility in 2026,” Wood Mackenzie analysts said earlier this week.
  
  Routes to bypass the Strait of Hormuz are being activated, but these routes cannot come close to replacing the Strait of Hormuz in full, Amy Myers Jaffe, Director of NYU's Energy, said on a WoodMac podcast.
  
  The routes via the Red Sea do not help Iraq or Kuwait. They carry no LNG, either, and for refined products, there is no pipeline alternative at all, the analysts noted.
  
  Oil prices were nearing $100 per barrel early on Thursday, even after the IEA announced its biggest-ever coordinated release from oil stocks since it was created in 1974 during the Arab oil embargo.
  
  More than fifty years later, the latest war in the Middle East is now making the case for oil and gas-consuming countries to reduce dependence on imported fossil fuels and look to strengthen their self-sufficiency in energy supply, where possible.
  
  “The dramatic supply disruptions and price spikes unleashed by the latest Middle East conflict are likely to harden the resolve of many governments to accelerate the drive for greater energy self?sufficiency – and that will include clean energy,” Reuters columnist Ron Bousso wrote.
  
  India and China are boosting coal consumption and production, developed north Asian economies are likely to boost nuclear power and renewable energy rollout, and Europe will seek to continue raising the share of clean energy supply.
  
  Homegrown Energy
  
  Fossil fuel importers are scrambling to boost the share of non-oil and gas power generation. South Korea, for example, is accelerating the restart of nuclear reactors that are currently under maintenance, with six reactors in total expected back online by the middle of May. The country is also considering reactivating mothballed coal power plants, while President Lee Jae-myung called for a speedier transition to renewable energy.
  
  In India, the Ministry of Coal said the country is “ready for any unprecedented ‌demand for coal” with a total stock of around 210 million metric tons, ‌which would be sufficient for about 88 days of ‌demand.
  
  In Europe, the priority is accelerating clean energy while the EU considers a potential cap on natural gas prices, European Commission President Ursula von der Leyen said on Wednesday.
  
  In theory, accelerated deployment of domestic solar, wind, and batteries would reduce dependence on fossil fuels for power generation.
  
  But the spike in fossil fuel prices to four-year highs doesn’t make a great case for faster renewables rollout, as the resulting surge in inflation and potentially higher-for-longer interest rates would raise the costs of clean energy materials and installations.
  
  In addition, the rise in renewable capacity additions would not mean anything if they struggle to connect to the grid. Today, global investments in grids are about $400 billion per year. If the world is to meet the expected growth in power demand through 2030, it would need to boost annual grid investment by about 50% from $400 billion, the International Energy Agency (IEA) said last month.
  
  Renewables, of course, cannot replace fossil fuels in many industries, including chemicals, and there remains the issue of intermittency and dependence on weather.
  
  Still, the Middle East war is likely shifting the energy dilemma debate from affordability to energy security and self-sufficiency. Source: Oilprice.com

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