Mabux: Global Bunker Prices

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MARKET BUNKER PRICES (MBP)
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- Differentials section: VLSFO/380 HSFO, VLSFO/MGO LS, MGO LS/VLSFO
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MABUX ARA LNG Bunker Index
Port LNG$/mton MGO LS$/mton Date
ARA
722.50
0.00
618.00
+5.00
Apr 15
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Port	LNG$/mton	MGO LS$/mton	Date
ARA	722.50	0.00	618.00	+5.00	Apr 15

MABUX Global Bunker Index

380HSFO$/mton		VLS FO$/mton		MGO LS$/mton		Date
468.46	+2.89	542.36	+2.57	731.81	+4.07	Apr 18

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	424	421	+3	455	479	-24	618	607	+11	Apr 18
Singapore	440	430	+10	498	516	-18	610	640	-30	Apr 18
Fujairah	431	469	-38	491	523	-32	714	793	-79	Apr 18
Houston	406	440	-34	480	552	-72	634	661	-27	Apr 18

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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
- 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
- 2025-04-18
  HAPPY EASTER!
  DEAR FRIENDS! PLEASE BE KINDLY INFORMED THAT DURING EASTER HOLIDAYS OUR OFFICE WILL BE CLOSED FROM 18.03.2025 UP TO 21.03.2025. NEVERTHELESS SOME UPDATES AS WELL AS OIL-FUTURES SETTLEMENTS AND TOOLS LINKED TO THEM WILL BE STILL AVAILABLE ON THE WEB-PLATFORM. IN... Read more DEAR FRIENDS!
  
  PLEASE BE KINDLY INFORMED THAT DURING EASTER HOLIDAYS OUR OFFICE WILL BE CLOSED FROM 18.03.2025 UP TO 21.03.2025.
  NEVERTHELESS SOME UPDATES AS WELL AS OIL-FUTURES SETTLEMENTS AND TOOLS LINKED TO THEM WILL BE STILL AVAILABLE ON THE WEB-PLATFORM.
  IN CASE OF NEED DURING HOLIDAYS PLEASE FEEL FREE TO CONTACT US ROUND THE CLOCK BY MAIL info@mabux.com.
  
  MABUX TEAM Source: MABUX
- 2025-04-18
  MABUX: Global bunker market to continue sustainable upward trend on Apr.18.
  MABUX World Bunker Index (a composite index based on current prices for 380 HSFO, VLSFO, and MGO), rose slightly on Apr.17: 380 HSFO - USD/MT - 465.57 (+2.07) VLSFO - USD/MT – 539.79 (+1.54) MGO - USD/MT – 727.74 (+5.88) We expect Global bunker... Read more MABUX World Bunker Index (a composite index based on current prices for 380 HSFO, VLSFO, and MGO), rose slightly on Apr.17:
  
  380 HSFO - USD/MT - 465.57 (+2.07)
  VLSFO - USD/MT – 539.79 (+1.54)
  MGO - USD/MT – 727.74 (+5.88)
  
  We expect Global bunker market to continue a sustainable upward trend on Apr.18: 380 HSFO – plus 2-7 USD/MT, VLSFO –plus 2-8 USD/MT, MGO LS – plus 3-8 USD/MT. Source: MABUX
- 2025-04-18
  ASIA PACIFIC: INDONESIA GREEN HYDROGEN PROJECT LAUNCHES TO DECARBONISE MARITIME TRANSPORT
  The Indonesian Ministry of Transportation, state-owned electricity utility PLN, ferry operator ASDP and the Indonesian subsidiary of hydrogen developer HDF Energy have signed an agreement for a joint study to decarbonise the country’s maritime sector... Read more
- 2025-04-18
  GLOBAL: XENETA: GLOBAL OCEAN CONTAINER SHIPPING EMITTED ALL-TIME HIGH CARBON EMISSIONS IN 2024
  Global ocean container shipping emitted ‘all-time high carbon emissions’ in 2024, driven largely by the impact of conflict in the Red Sea, according to data released by Xeneta and Marine Benchmark this week. In an article published yesterday (16 April)... Read more
- 2025-04-18
  EUROPE: FINCOENERGIES LAUNCHES FUELEU POOLING OFFERING
  Dutch biofuel supplier FincoEnergies has entered the FuelEU Maritime compliance market with a new pooling offering by which it will offer a discount to customers bunkering its biofuels and make the ‘compliance surpluses’ generated by those ships available... Read more
- 2025-04-18
  EUROPE: OILMAR COMPLETES FIRST ULSFO DELIVERY IN TÜRKIYE
  Oilmar has announced the completion of its first ultra-low sulphur fuel oil (ULSFO) 0.10% sulphur delivery in Istanbul. The delivery comes ahead of the introduction of the 0.10% sulphur Mediterranean Sulphur Emission Control Area (MedSECA) which comes... Read more
- 2025-04-18
  Oil posts weekly gain on trade deal hopes, new Iran sanctions
  Oil prices settled more than 3% higher on Thursday, supported by hopes for a trade deal between the United States and the European Union and new U.S. sanctions to curb Iranian oil exports, which continued to elevate supply concerns. Brent crude futures... Read more Oil prices settled more than 3% higher on Thursday, supported by hopes for a trade deal between the United States and the European Union and new U.S. sanctions to curb Iranian oil exports, which continued to elevate supply concerns.
  Brent crude futures settled $2.11, or 3.2%, higher to $67.96 a barrel, and U.S. West Texas Intermediate crude gained $2.21, or 3.54%, at $64.68 a barrel.
  For the week, both Brent and WTI gained about 5%, their first weekly gain in three weeks. Thursday is the last settlement day of the week ahead of the Easter holidays and trade volumes were thin.
  U.S. President Donald Trump and Italian Prime Minister Giorgia Meloni met in Washington and expressed optimism about resolving trade tensions that have strained U.S.-European relations.
  "We’re going to have very little problem making a deal with Europe or anybody else, because we have something that everybody wants," Trump said.
  Reaching a trade deal with the EU could potentially limit oil demand destruction from Trump’s tariffs, said Bob Yawger, director of energy futures at Mizuho.
  Sanctions issued by Trump’s administration on Wednesday, including against a China-based "teapot" oil refinery, ramp up pressure on Tehran amid talks on the country’s nuclear programme. "Teapot" is an industry term for small, independent and simple oil refiners.
  "These are far-ranging sanctions, focusing on the Chinese teapot refineries," said John Kilduff, partner with Again Capital. "It’s a potential supply loss to the market."
  Washington also issued additional sanctions on several companies and vessels it said were responsible for facilitating Iranian oil shipments to China as part of Iran’s shadow fleet.
  
  "The U.S. continues to aggressively sanction Iran and impose sanctions against buyers of Iranian oil. OPEC+ has also provided updates and reassurance to the market, stating that they remain in control with flexibility to cut production if needed," analysts at energy consulting firm Gelber and Associates said in a note.
  © Reuters. A pump jack operates near a crude oil reserve in the Permian Basin oil field near Midland, Texas, U.S. February 18, 2025. REUTERS/Eli Hartman/File Photo
  The Organization of the Petroleum Exporting Countries (OPEC) said on Wednesday it had received updated plans for Iraq, Kazakhstan and other countries to make further output cuts to compensate for pumping above quotas.
  However, OPEC, the International Energy Agency and several banks, including Goldman Sachs and JPMorgan, cut forecasts on oil prices and demand growth this week as U.S. tariffs and retaliation from other countries threw global trade into disarray. Source: Reuters/Investing.com
- 2025-04-18
  Europe’s Energy Transition Stutters, Again
  Europe has been at the forefront of global efforts at an energy transition as it prioritized the reduction in carbon dioxide emissions over any other policy priorities. It has had some marked success, too—the EU, which covers most of Europe, saw its emissions... Read more Europe has been at the forefront of global efforts at an energy transition as it prioritized the reduction in carbon dioxide emissions over any other policy priorities. It has had some marked success, too—the EU, which covers most of Europe, saw its emissions dip by 2.9% last year. This year, however, the trend has reversed. Emissions are up. And there’s transition trouble on the way.
  
  This week, climate NGO Centre for Research on Energy and Clean Air reported that European Union emissions in 2024 had fallen by 2.9% from the previous year, when, in turn, emissions had registered an 8.5% decline compared to 2022. The decline, CREA noted, came from less coal consumption, which led a 17% decline in power sector emissions, thanks to the growing deployment of wind and solar installations. However, emissions outside the power generation sector rose. And then winter came.
  
  The winter months in Europe are notable with respect to transition efforts because they represent the trough season for both wind and solar, especially solar. There isn’t much sunshine between November and March, so the conversion factor of solar installations drops sharply during that season. Wind droughts are a less “obligatory” part of the winter season, but they do tend to happen during the colder months—and Europe sure got some wind droughts at the end of 2024. This boosted gas demand led to a faster depletion of gas inventories and sparked fears of whether there would be enough gas to last until spring.
  
  Since trough season continues until spring, it is hardly a surprise that Europe’s emissions have gone up this year as generators cranked up their hydrocarbon-fired power plants to keep the lights and the heating on. In the previous two years, a milder winter made wind and solar’s trough season less noticeable and less pronounced. In winter 2024/2025, Europe was reminded what winter actually meant: low winds and not much sun.
  
  The UK got the same reminder, with it too ramping up coal-fired generation during the first quarter of the year, Reuters reported, contributing to the overall European emissions increase. Hydrocarbon-powered electricity generation rose by 7% in the period, while wind and solar generation dipped 5%, per data from Ember. But this dip was not evenly distributed. Germany saw a 19% decline in wind and solar generation over the first three months of the year, and it also suffered lower hydropower generation. Germany—and others in a similar position—simply had no choice but to turn to coal and gas.
  
  The situation is about to reverse quite dramatically, however, and it will not be good news. With spring and summer on the way, solar power generation is about to explode—and bring electricity prices sharply down. The UK’s grid operator issued a stark warning to that effect this week, saying the warmer, sunnier months of the year will bring an excess of solar power output when demand is lower, threatening to overwhelm the grid.
  
  “One of the great engineering challenges of decarbonisation is managing our system when there is lower demand coinciding with higher levels of generation from renewable sources,” the head of resilience and emergency management at the National Energy System Operator said, as quoted by Bloomberg. The other challenge is negative electricity prices because of the excessive output. Europe has seen a substantial increase in the incidence of negative electricity prices with the surge in wind and solar deployment, and it is going to see further increases as well as the buildout continues.
  
  This will hurt non-intermittent generators, as it has already hurt nuclear generators in France, per a recent Bloomberg report. As wind and solar power take priority over all other forms of energy generation, those other generators need to adjust their output based on wind and solar output—and that costs money. Emissions, meanwhile, will continue to follow overall energy demand and supply patterns, oblivious to transition efforts in Europe or anywhere else.
  
  Source: Oilprice.com
- 2025-04-18
  South Korea to Leverage LNG and Shipbuilding in U.S. Tariff Talks
  South Korea will leverage shipbuilding capabilities and the potential to buy more U.S. LNG in upcoming talks on the tariffs next week, South Korea’s Foreign Minister Cho Tae-yul said on Thursday. The tariff on South Korea, which U.S. President Donald... Read more South Korea will leverage shipbuilding capabilities and the potential to buy more U.S. LNG in upcoming talks on the tariffs next week, South Korea’s Foreign Minister Cho Tae-yul said on Thursday.
  
  The tariff on South Korea, which U.S. President Donald Trump announced on the so-called “liberation day” on April 2, was at 25%, lower than for some other Asian countries but much higher than a baseline 10% tariff. The so-called ‘reciprocal tariffs’ were suspended last week for 90 days, during which countries plan to plead their cases for tariff relief.
  
  In South Korea’s case, LNG purchases and shipbuilding are set to be the focus of the talks expected next week.
  
  “The projects President Donald Trump himself mentioned are shipbuilding and LNG,” Cho said, as quoted by Korean news agency Yonhap
  
  “These are sectors that require countries like South Korea or Japan, so we have leverage in our own way,” South Korea’s top diplomat said.
  
  Delegations from many Asian countries are heading to Washington D.C. these days to discuss the U.S. tariffs, now suspended for 90 days, which are the highest for economies in Asia and Southeast Asia.
  
  Most Asian countries are racing to pledge increased imports of U.S. energy to avoid the high tariffs slapped on them in early April.
  
  Thailand is looking to import higher volumes of American energy as a way to convince the U.S. Administration not to slap high tariffs on Thai goods sold in the United States.
  
  Earlier this week, Indonesia, threatened with a 32% tariff, said it would offer to buy an additional $10 billion worth of American oil and liquefied petroleum gas (LPG).
  
  South Asian nation Pakistan is actively considering the idea of importing U.S. crude oil for the first time to seek a reduction of its trade surplus with America.
  
  South Korea is reportedly looking at more LNG imports to get Washington to drop the tariffs. Source: Oilprice.com
- 2025-04-18
  BP Loads First LNG Export Cargo From Senegal-Mauritania Project
  BP said on Thursday it had safely loaded the first LNG cargo for export from Phase 1 of its Greater Tortue Ahmeyim project offshore Mauritania and Senegal as the UK supermajor continues to bring major projects on stream. First gas from the project... Read more BP said on Thursday it had safely loaded the first LNG cargo for export from Phase 1 of its Greater Tortue Ahmeyim project offshore Mauritania and Senegal as the UK supermajor continues to bring major projects on stream.
  
  First gas from the project was announced early this year.
  
  Now, the export of the first loaded LNG cargo from the project offshore West Africa will make Mauritania and Senegal LNG-exporting nations, contributing to global LNG supply.
  
  Phase 1 at Greater Tortue Ahmeyim (GTA) is set to produce around 2.3 million tons of LNG per year and the project is expected to produce LNG for more than 20 years, BP says.
  
  “This first cargo from Mauritania and Senegal marks a significant new supply for global energy markets. Starting exports from GTA Phase 1 is an important step for BP and our oil and gas business as we celebrate the creation of a new production hub within our global portfolio,” said Gordon Birrell, BP’s EVP production & operations.
  
  The LNG export project is one of BP’s key major developments, which it plans to bring online in the next two years as part of its new strategy to grow its oil and gas production.
  
  The supermajor plans to raise its global upstream production to 2.3 – 2.5 million barrels of oil equivalent in 2030, with the capacity to increase production out to 2035.
  
  BP has started announcing new oil and gas project start-ups as part of its plan to have 10 major projects launched worldwide between 2025 and 2027 and grow upstream production.
  
  Earlier this month, BP said that its Cypre development offshore Trinidad and Tobago delivered first gas.
  
  Just after teasing in February that a major strategy reset is coming, BP announced the start of production from the second development phase of the Raven field offshore Egypt. The project involves the subsea tieback of additional Raven infill wells to its existing onshore infrastructure as part of the West Nile Delta (WND) project.
  
  Source: Oilprice.com