Mabux: Global Bunker Prices

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MABUX ARA LNG Bunker Index
Port LNG$/mton MGO LS$/mton Date
ARA
890.00
0.00
845.00
-35.00
Jun 23
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Port	LNG$/mton	MGO LS$/mton	Date
ARA	890.00	0.00	845.00	-35.00	Jun 23

MABUX Global Bunker Index

380HSFO$/mton		VLS FO$/mton		MGO LS$/mton		Date
569.45	-11.58	724.16	-11.49	1 071.37	-18.78	Jun 24

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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	475	555	-80	580	609	-29	845	1 030	-185	Jun 24
Singapore	465	582	-117	700	686	+14	900	1 023	-123	Jun 24
Fujairah	540	521	+19	1 000	599	+401	1 370	1 086	+284	Jun 24
Houston	485	557	-72	600	641	-41	890	1 012	-122	Jun 24

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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
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Latest News
- 2026-06-24
  Oil extends losses, WTI crude falls below $70 for first time since early March
  Oil prices extended losses on Wednesday, retreating for a third straight session as signs of a gradual reopening of the Strait of Hormuz and improving U.S.-Iran relations eased fears of a prolonged disruption to Middle East energy supplies. At 09:43... Read more Oil prices extended losses on Wednesday, retreating for a third straight session as signs of a gradual reopening of the Strait of Hormuz and improving U.S.-Iran relations eased fears of a prolonged disruption to Middle East energy supplies.
  
  At 09:43 ET (13:43 GMT), Brent crude futures expiring in September, the global oil benchmark, slipped 4% to $73.71 a barrel. Notably, U.S. West Texas Intermediate crude futures expiring in August dipped 4.4% to $69.98 a barrel, falling below the $70 mark for the first time since March 2.
  
  Both benchmarks settled around four-month lows in the previous session.
  
  Get premium commodity market insights with InvestingPro subscription
  
  Market sentiment was shaped by evidence that shipping activity through the Strait of Hormuz is steadily recovering following a months-long conflict that had disrupted one of the world’s most important energy chokepoints.
  
  Reports showed that several previously stranded supertankers have successfully exited the Gulf carrying crude cargoes, while a growing number of Qatar-linked liquefied natural gas vessels have resumed voyages through the waterway.
  
  The movements are being viewed by traders as an early sign that regional energy flows are normalizing.
  
  U.S. and Iranian negotiators have agreed to a 60-day roadmap aimed at reaching a broader settlement, while Washington has granted a temporary sanctions waiver allowing certain Iranian oil exports to resume through August.
  
  The developments have raised expectations of additional crude supplies returning to global markets.
  
  "Estimates suggest that roughly 6-7m b/d of oil moved through the strait in recent days, which is still far below pre-war flows of around 20m b/d. However, with pipeline diversions for Saudi Arabia and the UAE, we only need to see oil flows through the strait return to around 14m b/d for oil supply from the Persian Gulf to return to pre-war levels," ING analysts said in a note.
  
  "We continue to believe that the oil sell-off is overdone, with the market still tightening. Clearly, price movements suggest the market expects a fairly rapid recovery in Persian Gulf oil supplies," they added.
  
  Investors also assessed U.S. inventory data from the American Petroleum Institute (API). U.S. crude inventories declined by 765,000 barrels in the week ended June 19, compared with analysts’ expectations for a larger draw.
  
  Crude stocks at the WTI delivery hub, Cushing, fell by 1 million barrels. Gasoline and distillate fuel oil stocks increased by 1.2 million barrels and 1.4 million barrels, respectively.
  
  Traders are awaiting official inventory figures from the U.S. Energy Information Administration (EIA) later on Wednesday for confirmation. Source: Investing.com
- 2026-06-24
  Port of London posts drop in overall tonnage but ‘huge increase’ in Chinese imports
  The Port of London has announced that its overall cargo volume of 13 million tonnes for the first quarter (Q1) of 2026 was down 6.8% on the previous quarter and 3.5% on Q1 2025 – but added that there had been a ‘huge increase’ in imports from China. Accentuating... Read more
- 2026-06-24
  Pemex and Petrobras MoU to include cooperation on alt.fuels, carbon capture and cutting emissions
  The national oil companies of Mexico and Brazil – respectively Pemex and Petrobras – have signed a memorandum of understanding (MoU) to work together on a range of ‘strategic and technical’ initiatives. In a statement issued yesterday (23 June), Petrobras... Read more
- 2026-06-24
  GAZ-SYSTEM commits to second FSRU terminal in Gulf of Gdańsk
  The decision means that Poland will operate three LNG terminals offering over 20 billion cubic metres (cbm) of combined regasification capacity per year. In a recent open season exercise, the interest from market participants exceeded the offer level... Read more
- 2026-06-24
  ExxonMobil and Wallenius Wilhelmsen complete first bunkering of B30 VLSFO made from FAME Distillation Residue
  ExxonMobil has announced it has successfully supplied a B30 0.50% sulphur marine residual fuel blend (B30 very low sulphur fuel oil (VLSFO)), made using fatty acid methyl ester (FAME) Distillation Residue, to Wallenius Wilhelmsen. The bio marine fuel... Read more
- 2026-06-24
  Gasum sells Lahti biogas upgrading unit to Nevel
  Gasum has announced that it has agreed to sell its biogas upgrading unit in Lahti, Finland to Nevel. In statements issued yesterday (23 June), the companies said that Gasum will now purchase all biogas produced and upgraded at the plant from Nevel... Read more
- 2026-06-24
  Oil prices extend decline on expectations of smoother crude flows via Hormuz
  Oil prices fell on Wednesday, extending this week’s losses and trading near four-month lows hit in the previous session, on signs that more oil tankers stranded in the Gulf since the start of the Iran war are set to move out of the Strait of Hormuz. Brent... Read more Oil prices fell on Wednesday, extending this week’s losses and trading near four-month lows hit in the previous session, on signs that more oil tankers stranded in the Gulf since the start of the Iran war are set to move out of the Strait of Hormuz.
  
  Brent crude futures were down 37 cents, or 0.5%, at $76.71 a barrel as of 0043 GMT, and U.S. West Texas Intermediate slipped 36 cents, or 0.5%, to $72.85 a barrel. Both benchmarks declined nearly 1% on Tuesday, touching their lowest levels since early March.
  
  Prices have come under pressure this week after Washington granted Tehran a 60-day sanctions waiver following initial peace talks, allowing it to sell oil, and as hostilities in Lebanon eased.
  
  "Crude oil prices were weighed down by hopes of easing U.S.-Iran tensions and a recovery in oil shipments through the Strait of Hormuz," said Tomomichi Akuta, senior economist at Mitsubishi UFJ Research and Consulting.
  
  "Further progress in nuclear negotiations could push prices back to pre-war levels," he added.
  
  On Tuesday, Oman and Iran agreed to press on with discussions about the future administration of navigation in the Strait. U.S. Secretary of State Marco Rubio said any Iranian attempt to levy transit fees would violate international law.
  
  Still, uncertainty remains over the durability of the accord. U.S. President Donald Trump said on Tuesday that Iran had agreed to nuclear inspections into "infinity," while Tehran said it had made no such concession in negotiations.
  
  Investors are also watching how quickly Middle Eastern producers can restore exports and whether more ships will enter the region.
  
  An Iranian military source told Fars news agency that a limited number of vessels are being allowed to pass through the strait each day under coordination with Iran’s Revolutionary Guards Navy.
  
  Ship-tracking data showed that three stranded supertankers passed through the strait on Tuesday. The U.N. shipping agency said an evacuation plan to enable hundreds of ships with 11,000 seafarers stranded in the Gulf to sail through the strait is underway after the U.S.-Iran ceasefire deal.
  
  Meanwhile, crude stocks fell by 765,000 barrels in the week ended June 19, market sources said, citing data from the American Petroleum Institute released on Tuesday. Nine analysts polled by Reuters estimated, on average, that crude inventories fell by about 4.5 million barrels in the last week. Source: Reuters/Investing.com
- 2026-06-24
  Saudi Arabia’s Decided Who Its Future Superpower Partner Is, And It’s Not the US
  Since the replacement of Russia by China as the primary would-be superpower rival to the U.S., Saudi Arabia has sought to balance its relationships with Beijing and Washington -- sometimes leaning more one way, and sometimes the other. Until the 2014-2016... Read more Since the replacement of Russia by China as the primary would-be superpower rival to the U.S., Saudi Arabia has sought to balance its relationships with Beijing and Washington -- sometimes leaning more one way, and sometimes the other. Until the 2014-2016 Oil Price War, the U.S. was the core relationship; after the war had finished, it was China and Russia; and then, from the start of U.S. President Donald Trump’s second term in office, it was the U.S. again. However, in the aftermath of Operation Epic Fury against Iran, this looks set to shift once more back to China and Russia, with a series of high-level meetings between Chinese and Saudi Arabian officials taking place last week. One of these -- between the deputy head of China’s National Energy Administration, Song Hongkun, and Saudi Aramco’s Downstream President, Mohammed Al Qahtani -- focused on boosting global energy security and bilateral oil and gas cooperation between the two sides. So, how has the global oil market arrived at this point, and what happens next?
  
  The genesis of the current position lies in the financial devastation to OPEC countries of the 2014-2016 Oil Price War, fully analysed in my latest book on the new global oil market order. Before the conflict started, there had been a broad and deep relationship between the U.S. and Saudi Arabia based on a landmark agreement between Washington and Riyadh formulated at a meeting on 14 February 1945 between the then-U.S. President Franklin D. Roosevelt and the Saudi King at the time, Abdulaziz Al Saud. The deal was this: the U.S. would receive all the oil supplies it needed for as long as Saudi Arabia had oil in place, in return for which the U.S. would guarantee the security of the ruling House of Saud and, by extension, of Saudi Arabia. This worked well enough to survive the 1973 Oil Crisis, in which Riyadh led an oil embargo alongside its OPEC brothers against the U.S. and its allies for helping Israel in the 1973 Yom Kippur War. However, it did not truly survive the 2014-2016 Oil Price War, as by then the U.S.’s shale oil sector had become a serious global oil-producing force, making the country much better able to withstand lower-for-longer oil prices than Saudi Arabia and its fellow OPEC members. Moreover, Washington regarded this, effectively, as a second oil price war instigated by Saudi Arabia as one breach too many of the fundamental relationship agreement of 1945.
  
  Following the financial devastation of 2014-2016 Oil Price War for Saudi Arabia and its OPEC brothers, they had little choice but to admit Russia to the wider ‘OPEC+’ grouping to restore the organisation’s shattered credibility in the global oil markets. China, in turn, was able to leverage the new-found power of its ally into extending its own influence in the Middle East’s leading energy state through a series of wide-ranging agreements made after 2016, and its immediate focus on laying the groundwork for these was a rising star in Riyadh -- then-Prince Mohammed bin Salman (MbS). From the first year of the 2014-2016 Oil Price War, Saudi Arabia’s government budget went into deficit -- to double digit levels of GDP in the first full year of the war -- and it stayed in deficit until the end of 2021. At the same time, MbS was not the natural successor to King Salman, with the heir-designate to King Salman being Prince Muhammad bin Nayef, but the young Prince had an idea that he believed would help him progress -- an initial public offering (IPO) of Saudi Arabia’s flagship firm, Aramco.
  
  It was his belief, publicly aired in the second half of 2016, that if Saudi Arabia listed 5% of the firm on international stock markets then it would raise at least US$100 billion for the Kingdom in much-needed funds. This figure would also mean a valuation for Saudi Aramco of US$2 trillion, making it by far the most valuable company ever listed in the world, so restoring some of Saudi Arabia’s damaged reputation in the process. MbS also thought that a listing of Saudi Aramco in multiple major financial centres around the world, including the two most prestigious stock exchanges – the New York Stock Exchange and the London Stock Exchange – would project Saudi Arabia’s presence as an international player in financial markets as a whole and not just in the oil sector. All these reasons looked solid enough on the surface and the senior Saudis agreed to go ahead. However, almost immediately that the process began, questions began to emerge from international investors over the corporate structure of Aramco, the degree to which it would be subject to government control, its valuation, its true oil reserves and spare capacity, and the physical security of its fields, among many others. The upshot was that no serious international investor wanted to become too involved in the IPO and nor did the world’s most prestigious stock markets. That put MbS in a tricky position, as he was the original champion of the idea. However, at precisely that point, China offered to buy the entire 5% of Aramco scheduled to be offered in the IPO. Although the offer was eventually declined, MbS never forgot China’s gesture.
  
  Shortly afterwards, in March 2017, a landmark visit to China by Saudi Arabia’s King Salman took place, during which around US$65 billion of business deals were signed in sectors including oil refining, petrochemicals, light manufacturing and electronics. In August that year, the then-Saudi Vice Minister of Economy and Planning, Mohammed al-Tuwaijri, told a Saudi-China conference in Jeddah that: “We will be very willing to consider funding in renminbi and other Chinese products.” The use of the renminbi was -- and remains -- a central plank of China’s strategy to subvert one of the key pillars upon which the U.S.’s global dominance is built -- the use of the dollar as effectively the global reserve and trade currency, as also detailed in my latest book on the new global oil market order. Al-Tuwaijri’s comments came during the visit of high-ranking politicians and financiers from China to Saudi Arabia in August 2017, during which it was also decided that Saudi Arabia and China would establish a US$20 billion investment fund on a 50:50 basis. According to comments at the time from then-Saudi Energy Minister, Khalid al-Falih, this fund would invest in sectors such as infrastructure, energy, mining and materials, among other areas. In August 2022, at the signing of a multi-pronged deal between Aramco and the China Petroleum & Chemical Corporation (Sinopec), the president of Sinopec, Yu Baocai, said: “The signing of the MoU introduces a new chapter of our partnership in the Kingdom…The two companies will join hands in renewing the vitality and scoring new progress of the Belt and Road Initiative [BRI] and [Saudi Arabia’s] Vision 2030.” Moving into the fourth quarter of 2022, Saudi Arabia reiterated its commitment to China as its “most reliable partner and supplier of crude oil,” along with broader assurances of its ongoing support in several other areas. This was in line with the earlier comments from Aramco chief executive officer, Amin Nasser that: “Ensuring the continuing security of China’s energy needs remains our highest priority - not just for the next five years but for the next 50 and beyond.”
  
  This, and several similar comments around that time, appeared to confirm that Saudi Arabia had come to regard the U.S. as just another one of its partners -- particular in the realm of providing security -- in a new global order that would see Beijing and its allies share the leadership position with Washington, before attempting to surpass it. This view appears to have re-asserted itself after what Saudi Arabia -- and many of its fellow Middle Eastern states -- see as a failure by Washington to safeguard their security and economic interests during the war with Iran. Despite having invested hundreds of billions of dollars over the years in U.S.-supplied defence equipment aimed at providing the Kingdom with a security umbrella against attacks, Iran was able to hit key targets in the country, including the East-West Pipeline, the Manifa and Khurais oil Fields, the Ras Tanura Refinery and several other oil, natural gas, refining, and petrochemical sites stretching from the Eastern Province to Yanbu Industrial City. These successful Iranian attacks on Saudi Arabia’s critical energy infrastructure underline to Riyadh that, even on a security basis, the use of the U.S. appears limited. These concerns are heightened by the Kingdom’s broader fears that whatever the U.S.-Iran deal finally turns out to be, it will leave Saudi Arabia in a far more vulnerable position than it was before the war began. Source: Oilprice.com
- 2026-06-24
  Why Oil Prices Are Falling Even as Tankers Remain Trapped.
  Oil prices tumble as markets bet on a Hormuz reopening despite slow tanker movements following the U.S.-Iran ceasefire. The signing of the US-Iran ceasefire agreement might provide a 60-day evacuation window for all crude tankers stuck since March... Read more Oil prices tumble as markets bet on a Hormuz reopening despite slow tanker movements following the U.S.-Iran ceasefire.
  
  The signing of the US-Iran ceasefire agreement might provide a 60-day evacuation window for all crude tankers stuck since March in the Gulf; however, up until now, the pace of outflows has been surprisingly low. With the Israel-Lebanon issue hanging by a thread, Iran has tried to reassert its authority over Hormuz in the first days since Trump’s signing of the MoU, yet the oil markets still anticipate the much-sought reopening to happen sooner or later. ICE Brent is set to close this week with a $8 per barrel week-on-week loss, falling to $80 per barrel.
  
  OPEC Sees Infinite Oil Demand Growth. OPEC has published its 2026 edition of the World Oil Outlook, boosting its expectations of crude demand growth, expecting an incremental 8 million b/d of growth between now and 2030, with peak consumption to be reached by 2050 around 124 million b/d.
  
  Tehran Eyes Reassertion of Control over Hormuz. Tehran has announced that ships crossing the Strait of Hormuz still need the permission of the Persian Gulf Strait Authority to pass the key waterway, potentially setting the stage for future tolling agreements should the current 60-day ceasefire lapse.
  
  White House Lets Russia Waiver Lapse. The White House has allowed its waiver of Russian oil sanctions to expire on June 17 after President Trump suggested the US-Iran ceasefire agreement will boost global crude supply, ratcheting pressure on Moscow as its oil exports soared to 6 million b/d in May.
  
  Iran Crude Starts Flowing Again. Iran’s crude exports have resumed after three tankers with an aggregate capacity of 5 million barrels have transited the Gulf of Oman this week, marking the end of the US’ two-month blockade of Tehran’s oil flows and paving the way for a recovery of Gulf exports.
  
  Norway’s Oil Giant Gives Up on Power. Norway’s state oil company Equinor (NYSE:EQNR) has officially shelved its 2030 renewables target, telling investors at its New York capital markets day that it would allocate 90% of capital expenditures to oil and gas projects, up from a 50% pledge a year ago.
  
  Brazil Eyes End to Fuel Subsidies. The government of Brazil will end fuel subsidies for diesel and gasoline if crude oil prices stabilize for at least a month around the $80 per barrel mark, as per the country’s Finance Ministry, with the monthly cost of subsidies estimate to come in at around $600 million.
  
  Pakistan Doubles Down on Coal Use. Pakistan’s average coal generation soared to an all-time high of 4.28 GW in May, spearheaded by higher coal imports as the country’s usual LNG deliveries from Qatar was disrupted by the closure of the Strait of Hormuz just as temperatures started to reach 45-50° C.
  
  Kuwait Lifts Force Majeure on Operations. Kuwait, one of the Middle East’s most impacted countries that saw its production drop from 2.6 million b/d in February to 580,000 b/d last month, has lifted all previously issued force majeure measures on its upstream operations, seeking to restore output.
  
  China to Import More Coal on Mine Disruptions. Chinese imports of coking coal are set to increase in 2026 after more than 150 mines remain shut in the northern province of Shanxi, the largest coal producer nationally, with buyers turning to Canada and Australia to compensate for missing volumes.
  
  Iraq Starts to Ramp Up Production. Oil production in southern Iraq, the region most impacted by the closure of the Strait of Hormuz, is showing signs of quick recovery after the state-owned Basra Oil Corp. stated that it is now pumping around 1.5 million b/d, up from some 900,000 b/d a month ago.
  
  Iron Giant Slides on Cost Overruns. Shares of the world’s largest iron ore miner BHP (NYSE:BHP) plunged by more than 5% this Friday after the Australian giant flagged cost overruns and a $2.3 billion charge at its Jansen potash project in Canada, the third time it exceeded cost estimates for the project.
  
  Saudi NOC Is on the Lookout for Storage. Saudi national oil firm Saudi Aramco (TADAWUL:2222) is actively seeking to develop more international crude oil storage facilities on the heels of the ongoing US-Iran conflict, currently operating several tank farms in South Korea, Japan and Egypt.
  
  Ukraine Drones Strike Moscow Refinery. Ukraine carried out its second drone strike on Russia’s Moscow refinery in a matter of days, with the 240,000 b/d immediately suspending sales of oil products at Russia’s Spimex exchange, fuelling concerns of exacerbating gasoline shortages in the country.
  
  Ceasefire or Not, Iraq Wants to Divert from Hormuz. The government of Iraq is targeting 50,000 b/d of crude exports through the territory of Syria from July, building on the success of recently launched fuel oil and naphtha diversions, with Baghdad eyeing these flows even in case the US-Iran ceasefire holds.
  Source: Oilprice.com
- 2026-06-24
  MABUX: Irregular fluctuations to prevail in Global bunker market on Jun. 24.
  The MABUX World Bunker Index — a composite benchmark reflecting daily prices for 380 HSFO, VLSFO, and MGO — showed a slight downward movement on Jun. 23. 380 HSFO: USD/MT: 581.03 (-14.28) VLSFO: USD/MT 735.65 (-16.41) MGO: USD/MT 735.65 (-16.41) MABUX... Read more The MABUX World Bunker Index — a composite benchmark reflecting daily prices for 380 HSFO, VLSFO, and MGO — showed a slight downward movement on Jun. 23.
  
  380 HSFO: USD/MT: 581.03 (-14.28)
  VLSFO: USD/MT 735.65 (-16.41)
  MGO: USD/MT 735.65 (-16.41)
  
  MABUX expects the Global bunker market to show the mode of irregular fluctuations on Jun. 24: plus-minus 5-10 USD/MT, VLSFO: plus-minus 5–10 USD/MT, MGO LS: plus-minus 5–15 USD/MT.
  
  Market participants are advised to monitor ongoing volatility in the oil and bunker sectors, as price dynamics are likely to remain uneven across major bunker hubs.
  Source: MABUX

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