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
1 498.00
0.00
1 430.00
-30.00
Sep 28
Click to see more LNG Bunker Indexes

Port	LNG$/mton	MGO LS$/mton	Date
ARA	1 498.00	0.00	1 430.00	-30.00	Sep 28

MABUX Global Bunker Index

380HSFO$/mton		VLS FO$/mton		MGO LS$/mton		Date
705.14	+10.78	851.15	-1.14	1 544.01	-5.01	Sep 28

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	628	718	-90	692	816	-124	1 430	1 616	-186	Sep 28
Singapore	746	759	-13	880	935	-55	1 306	1 609	-303	Sep 28
Fujairah	703	707	-4	985	874	+111	1 685	1 672	+13	Sep 28
Houston	565	676	-111	756	799	-43	1 423	1 486	-63	Sep 28

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
- 2026-09-28
  Industry stakeholders urge EU to retain RED III binding RFNBO targets post-2030
  In an open letter to the President of the European Commission Ursula von der Leyen, 170 companies working across the European energy sector have argued that any removal of mandates and targets for the use of renewable fuels of non-biological origins (RFNBO)... Read more
- 2026-09-28
  Semco Maritime to build ‘nerve centre’ of Stillstrom’s offshore charging solution
  Stillstrom by Maersk has signed a letter of intent (LOI) with Semco Maritime to manufacture and deliver the local equipment room (LER) of its offshore power and charging solution. The LER, which controls power, communication and safety across the entire... Read more
- 2026-09-28
  WISTA International adds Associate Membership category
  The Women’s International Shipping & Trading Association (WISTA International) has launched a new ‘Associate Membership’ category for institutions and organisations that are ineligible to join via a National WISTA Association (NWA) In a statement sent... Read more
- 2026-09-28
  Indian government says new Kandla plant will produce green methanol for ships ‘at a much more competitive rate compared to other
  India’s Minister of Ports, Shipping and Waterways (MoPSW) Sarbananda Sonowal together with the Chief Ministers of Gujarat and Assam, on Saturday (26 September) laid the foundation stone for the country’s first port-based e-methanol plant at Deendayal... Read more
- 2026-09-28
  TotalEnergies confirms objectives of 4% per year growth in energy production – with reduced emissions
  In presentations in New York today (28 September), Patrick Pouyanné, Chairman and CEO of TotalEnergies, will be confirming the group’s objective of a +4% per year energy production growth through 2030 – whilst also aiming for a 50% reduction in Oil &... Read more
- 2026-09-28
  IMO targets alternative fuel spill response
  Participants at an International Maritime Organization (IMO) forum have called for greater cooperation to address gaps in spill-response preparedness as shipping expands its use of alternative bunker fuels. The IMO's two-day research and development... Read more Participants at an International Maritime Organization (IMO) forum have called for greater cooperation to address gaps in spill-response preparedness as shipping expands its use of alternative bunker fuels.
  
  The IMO's two-day research and development forum, held in Singapore on 21–22 September, examined how the different properties of LNG, LPG, methanol, ammonia, hydrogen and biofuels could affect marine pollution incidents and emergency response operations.
  
  Participants stressed that spill-response measures need to keep up with the shift to alternative bunker fuels, and that procedures should be in place for each fuel before major incidents occur.
  
  The participants also examined how the behaviour of each fuel in a spill could change the way responders handle an incident.
  
  They called for closer cooperation between governments, industry and researchers to ensure that ongoing research and operational experience inform future spill-response protocols.
  
  The forum was hosted by the Maritime and Port Authority of Singapore (MPA), with support from China. Source: ENGIИE
- 2026-09-28
  Oil prices rise as Iran, U.S. remain at odds over Hormuz reopening
  Oil prices rose more than 1% on Monday after Iran said it would not soften its conditions for reopening the Strait of Hormuz, after U.S. President Donald Trump rejected Tehran's proposal, raising uncertainty over when traffic through the crucial oil shipping... Read more Oil prices rose more than 1% on Monday after Iran said it would not soften its conditions for reopening the Strait of Hormuz, after U.S. President Donald Trump rejected Tehran's proposal, raising uncertainty over when traffic through the crucial oil shipping route will return to normal.
  
  As of 21:09 ET (01:09 GMT), Brent Oil Futures expiring in November rose 1.1% to $105.48 per barrel, while West Texas Intermediate (WTI) crude futures also gained 0.8% to $93.12 per barrel.
  
  Get premium commodity market insights with InvestingPro -- at 50% off now
  
  Iran's proposal would allow the Strait of Hormuz to reopen within seven days while broader negotiations resume, provided Washington lifts its naval blockade, eases military pressure, removes sanctions on Iranian oil sales and agrees to a ceasefire.
  
  Iran has said it remains committed to those conditions despite Trump's rejection.
  
  Trump has nevertheless said he expects negotiations with Iran to resume this week, according to an Axios report. Qatar has been shuttling between the two sides in an effort to revive talks.
  
  The Strait, through which about a fifth of global oil and liquefied natural gas supplies moved before the conflict began, has seen a sharp reduction in shipping activity.
  
  Adding to supply concerns, Iran-backed Houthi forces in Yemen have also stepped up attacks on Saudi Arabia and commercial shipping in the Red Sea.
  
  Saudi Arabia said on Saturday it had intercepted two ballistic missiles and two drones launched by the Houthis, days after intercepting six missiles aimed toward Taif and the Yanbu area.
  
  The disruption has forced Gulf producers to seek alternative ways of moving crude.
  
  Still, there were signs that some oil was moving through the strait at a higher rate. Trump said more than 20 million barrels had transited over the weekend, according to Axios.
  
  The market is also watching refined-product supplies closely. Diesel prices in Europe and the U.S. had reached record highs as disruptions to oil and product exports from the Middle East and Russia tightened fuel markets.
  
  Source: Investing.com
- 2026-09-28
  Venezuela’s Oil Comeback Could Cost More Than $100 Billion
  The Trump Administration is touting the new oil order in Venezuela as a tremendous opportunity for reviving the industry in the world’s biggest crude oil resource holder. The U.S.-led restructuring of the sector kicked out Russian and Chinese companies... Read more The Trump Administration is touting the new oil order in Venezuela as a tremendous opportunity for reviving the industry in the world’s biggest crude oil resource holder.
  
  The U.S.-led restructuring of the sector kicked out Russian and Chinese companies out of previously awarded concessions, and spurred a flurry of oil deals with oil majors, the biggest oilfield service providers, and relatively unknown newcomers—all with the purpose of boosting Venezuela’s oil production and exporting a large part of it to the United States.
  
  The deals include one with privately held oil company North American Blue Energy Partners (NABEP) announced by the White House last month as “the biggest oil deal in world history.”
  
  This deal could involve $100 billion in investment in new oil infrastructure after the new interim Venezuelan authorities granted NABEP 100-year concessions for 17 oil fields with proven reserves of approximately 65 billion barrels.
  
  NABEP, led by Venezuela-born businessman Alejandro Betancourt, says it is looking “to rapidly expand its operations in Lake Maracaibo and the Orinoco Belt with the near-term goal of increasing production to more than 1 million barrels of oil per day.”
  
  “NABEP’s $100 billion figure represents a long-term funding requirement, not committed near-term capital, and the company has not disclosed a detailed financing structure,” intelligence firm Rystad Energy said.
  Related: China Could Cut Fuel Exports in October as Inventories Plunge
  
  “Rystad Energy favors investment programs tied to established operators and defined assets over larger ambitions requiring substantial external capital.”
  
  Venezuela’s current oil production is about 1.25 million barrels per day (bpd).
  
  This is set to rise to around 1.6 million bpd by 2028 and 1.8 million bpd by 2030. Then, by 2035, Venezuela’s crude oil production is expected to jump to around 2.58 million bpd, as greenfield developments will add to the current brownfield-led output growth in the near term, according to Rystad Energy’s upside scenario.
  
  Venezuela certainly has the resource, but decades of mismanagement and infrastructure collapse at oil sites will need much more investment than the ones needed to reactivate rigs.
  
  As of August, when the “biggest oil deal in history” was announced, Venezuela had just two active drilling rigs, per Baker Hughes data.
  
  To reach Rystad’s projections of 1.6 million bpd output by 2028 and 1.8 million bpd by 2030, activity would need to reach around 50 rigs by 2028 and nearly 80 by 2030.
  
  “A number of newly identified opportunities were previously associated with Russian and Chinese operators, and further restructuring of some legacy positions remains possible as the new contractual framework develops,” said Radhika Bansal, Senior Vice President, Oil and Gas, at Rystad Energy.
  
  Legacy producers and service providers have accelerated deal-making in Venezuela in recent weeks, encouraged by the changed geopolitical orientation and President Trump’s stated goal to expel adversaries Russia and China out of the Western Hemisphere.
  
  Since “the biggest oil deal in world history” announcement in August, Chevron has pledged over $7 billion in investment over the next five years and more than doubled its production in Venezuela to about 600,000 bpd.
  
  Continental Resources this week announced a Memorandum of Understanding with state oil firm PDVSA to operate and develop the Ayacucho 2 Block in the prolific Orinoco Oil Belt. Ayacucho 2, which Continental Resources will operate with a 100% interest, has an estimated 30 billion barrels of resource in place.
  
  Italy’s Eni this month signed a strategic contract in Venezuela to become the operator of the giant Junín-5 oil field in the Orinoco Belt. Junín-5, a heavy oil field containing 35 billion barrels of certified oil in place, currently produces around 12,000 bpd.
  
  Oilfield services giants Halliburton and SLB have also signed deals to pursue oil and gas development opportunities and activate rigs in Venezuela.
  
  The first stage of Venezuela’s oil recovery would be restarting mothballed projects and increasing production from operational fields. Then billions of U.S. dollars will be needed to repair dilapidated infrastructure and build new processing sites and pipelines to have Venezuela’s heavy oil flow. Greenfield development of newly awarded blocks will take years and even more billions of dollars.
  
  The pace of Venezuela’s oil production recovery “will remain conditional on actual capital deployment and Venezuela’s ability to rebuild drilling, services and infrastructure capacity,” Rystad Energy said. Source: Oilprice.com
- 2026-09-28
  MABUX: Global bunker market to enter a phase of irregular fluctuations on Sep. 28.
  The MABUX World Bunker Index — a composite benchmark reflecting daily prices for 380 HSFO, VLSFO, and MGO – continued its upward trend on Sep. 25: 380 HSFO: USD/MT: 694.36 (+6.62) VLSFO: USD/MT: 852.29 (+8.00) MGO: USD/MT: 1 549.02+1.72) As of... Read more The MABUX World Bunker Index — a composite benchmark reflecting daily prices for 380 HSFO, VLSFO, and MGO – continued its upward trend on Sep. 25:
  
  380 HSFO: USD/MT: 694.36 (+6.62)
  VLSFO: USD/MT: 852.29 (+8.00)
  MGO: USD/MT: 1 549.02+1.72)
  
  As of Sep. 25, the MABUX Market Differential Index (MDI), which measures the spread between Market Bunker Prices (MBP) and the MABUX Digital Bunker Benchmark (DBP), showed the following dynamics across the four major global bunkering hubs—Rotterdam, Singapore, Fujairah, and Houston:
  • HSFO segment: Fujairah moved into the undervalued zone, leaving all four ports underpriced. MDI discounts widened by $23 in Rotterdam and $20 in Fujairah, remained unchanged in Singapore, and narrowed by $4 in Houston. Undervaluation in Houston stayed above the $100 mark while Rotterdam exceeded this level.
  • VLSFO segment: Fujairah continued to be the only overvalued port, although its MDI premium declined by another $40, falling below the $100 mark. The other three hubs stayed undervalued. MDI discounts widened by $24 in Rotterdam, $21 in Singapore and $12 in Houston. Rotterdam’s undervaluation held above the $100 mark.
  • MGO LS segment: All four hubs continued to be underpriced. MDI discounts widened by $41 in Rotterdam, $26 in Singapore and $40 in Fujairah, while narrowing by $16 in Houston. Undervaluation in Rotterdam and Singapore persisted above the $100 mark.
  MABUX expects the global bunker market to move into a phase of irregular price fluctuations on Sep. 28, amid continued uncertainty over a potential U.S.-Iran agreement concerning the Strait of Hormuz:
  380 HSFO: plus-minus 5-10 USD/MT, VLSFO: plus-minus 5-15 USD/MT, MGO LS: plus-minus 5–25 USD/MT.
  Source: MABUX
- 2026-09-28
  Nigeria Joins IEA As Crude Output Hits Six-Year High
  Nigeria has ambitious energy plans for the coming decades, including expanding its oil industry and accelerating the development of its renewable energy sector. In recent years, Nigeria has begun to solidify its position as a major energy power in Africa.... Read more Nigeria has ambitious energy plans for the coming decades, including expanding its oil industry and accelerating the development of its renewable energy sector. In recent years, Nigeria has begun to solidify its position as a major energy power in Africa. This led the International Energy Agency (IEA) Governing Board to decide in June to welcome Nigeria as an Association country. Nigeria joins South Africa, Kenya, and Senegal as an IEA Association country in sub-Saharan Africa.
  
  To solidify the agreement, IEA Executive Director Fatih Birol met with Nigeria’s Vice President Kashim Shettima and Minister of State for Petroleum Resources Ekperikpe Ekpo in Abuja in September. The officials discussed Nigeria’s energy and economic priorities and the opportunities created by the country’s closer engagement with the IEA.
  
  “Nigeria’s admission as an association country with the IEA is a significant milestone for our country, and it reflects Nigeria’s strategic importance in the global energy landscape and the confidence that IEA has placed in our commitment to constructive international energy cooperation,” Vice President Shettima said. “The country will benefit from IEA’s institutional knowledge, the intellectual resources, the reach and expertise to support our nation’s ambitions in this sector.”
  
  Meanwhile, Birol stated, “Nigeria joining the IEA Family is a landmark moment – for Nigeria, for Africa and for the IEA.” Birol stressed, “Our partnership… will help the IEA engage more deeply with energy systems in Africa, while leveraging our expertise and international network in support of Nigeria’s priorities – from strengthening energy security and further realising its huge energy potential to expanding access to electricity and clean cooking solutions.”
  
  Nigeria’s Association reflects the changing IEA landscape, as the organisation aims to expand its engagement with major emerging and developing economies. Nigeria is Africa’s most populous country and one of its largest economies. It is also a major oil and natural gas producer and has begun to develop its renewable energy capacity in recent years. With Nigeria’s association, the IEA now represents over 80 per cent of global energy demand.
  
  Nigeria has become a major producer and exporter of oil and gas in recent decades, but it now faces common challenges, such as meeting rapidly growing demand, mobilising investment and expanding access to reliable and affordable electricity and clean cooking solutions, according to the IEA. The first IEA-Nigeria Joint Work Programme sets out a roadmap for cooperation over the coming years, with a focus on energy security, energy investment, energy data and statistics, energy efficiency and clean cooking.
  
  Nigeria has been developing its fossil fuel industry for several decades, having discovered oil in 1956. The state-owned Nigerian National Petroleum Company (NNPC) works alongside international oil companies to produce and export Nigeria’s oil and gas resources, which contribute heavily to the country’s GDP. In June, Nigeria’s crude oil production hit a six-year high, averaging 1.56 million barrels per day (bpd), the largest average monthly production volume since April 2020. Total crude oil and condensate production rose for the fourth consecutive month to 1.74 million bpd.
  
  The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said the improved performance was “primarily driven by stable production operations across most producing assets and the absence of any major pipeline outages during the period under review.” In August, the NUPRC estimated that production rose even further, fluctuating between a daily low of 1.64 million bpd and a high of 1.71 million bpd. The recent crackdown on oil theft and sabotage in the Niger Delta has helped Nigeria increase crude production, as the government aims for further growth by 2030.
  
  In September, Africa’s richest person, Aliko Dangote, announced plans to list his Nigerian refinery in the continent’s biggest-ever initial public offering. The Dangote Petroleum Refinery and Petrochemicals IPO has been marketed to young Nigerians through banking platforms and fintech ventures, with Dangote encouraging investment to build wealth and grow the economy. If completely subscribed, the refinery’s value is expected to rise to almost $48.8 billion.
  
  Meanwhile, Nigeria is also focusing on achieving its green transition goals by expanding its renewable energy capacity. At the 2021 COP26 climate summit, Nigeria announced its commitment to carbon neutrality by 2060 by following its Energy Transition Plan (ETP).
  
  According to the Federal Government’s Energy Transition and Investment Plans, Nigeria’s shift to domestic renewables is projected to generate $686.8 billion in fuel cost savings by 2060. However, achieving this depends on developing 277 GW of total installed capacity and over 104,000 mini-grids by 2030. In September, the government pledged $5 million in investment for the renewable energy sector to be developed and operated by PowerGen Renewable Energy Nigeria Limited.
  
  A report published in August by the energy think tank Ember projects that Nigeria will install 1.7 GW of solar power in 2026, marking a 45 per cent increase from 2025. The report said Nigeria’s solar-panel manufacturing output is expected to triple in 2026 compared with 2024. The government is also exploring the potential to develop Nigeria’s hydropower capacity, with just 2.5 GW currently connected to the grid.
  
  As Nigeria doubles down on oil production, the government is also aiming to rapidly develop the country’s renewable energy sector to diversify the energy mix and establish Nigeria as a major energy hub in Africa. Source: Oilprice.com

Buy subscriptions via