Mabux: Global Bunker Prices

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MABUX ARA LNG Bunker Index
Port LNG$/mton MGO LS$/mton Date
ARA
1 219.00
0.00
1 290.00
+20.00
Aug 18
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Port	LNG$/mton	MGO LS$/mton	Date
ARA	1 219.00	0.00	1 290.00	+20.00	Aug 18

MABUX Global Bunker Index

380HSFO$/mton		VLS FO$/mton		MGO LS$/mton		Date
628.11	+3.69	781.05	+0.30	1 374.10	+8.61	Aug 19

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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	578	639	-61	670	716	-46	1 290	1 451	-161	Aug 19
Singapore	660	664	-4	835	812	+23	1 254	1 444	-190	Aug 19
Fujairah	627	614	+13	820	752	+68	1 425	1 507	-82	Aug 19
Houston	484	630	-146	697	734	-37	1 275	1 410	-135	Aug 19

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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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MABUX for Industry
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Latest News
- 2026-08-19
  Panama sees upswing in monthly bunker sales
  Having reached their lowest levels since September 2025 in June, bunker sales rebounded in Panama last month. The 427,985 metric tonnes (mt) of marine fuel that were sold in the Central American bunker hub marked an 11.1% increase on the 385,100 mt... Read more
- 2026-08-19
  LNG-fuelled Explora III makes maiden UK call
  Explora III, the first LNG-fuelled ship in the Explora Journeys fleet, has made its maiden UK visit, calling at the Port of Southampton. In a statement issued on Monday (17 August), Alastair Welch, Regional Director with Associated British Ports (ABP)... Read more
- 2026-08-19
  Maritime Alliances team up to support emissions compliance and fleet decarbonisation
  The Marine Fuels Alliance (MFA) and the Clean Shipping Alliance (CSA) have signed a Memorandum of Understanding (MoU) to work together in supporting the shipping industry and bunker suppliers meet regulatory requirements on emissions and move forward... Read more
- 2026-08-19
  Avenir LNG bunker vessel completes first fuelling of Royal Caribbean cruise ship in Honduras
  London-based Avenir LNG has announced that its LNG bunker vessel, Avenir Advantage, has completed its first LNG bunker delivery to Royal Caribbean Group’s Icon of the Seas in Honduras. ‘This successful operation marks another important step in supporting... Read more
- 2026-08-19
  New governance body will oversee use of Ro-Ro GHG emissions data
  The Global Ro-Ro Community (GRC), whose members include Ro-Ro carriers, and which covers approximately 80% of the transport capacity of the global car carrier fleet, has established the GRC Council (GRCC) which will monitor vessel emissions accounting... Read more
- 2026-08-19
  AMPP launches research grant programme for ammonia as marine fuel
  The Association for Materials Protection and Performance (AMPP) is requesting proposals to evaluate published knowledge and expertise relevant to the use of ammonia as a marine fuel as part of a research grant programme. The $50,000 initiative will... Read more
- 2026-08-19
  ‘Number of piracy-related incidents off Somalia is at its highest level in ten years,’ warns Danish Shipping
  New analysis from Danish Shipping has warned that: ‘The number of piracy-related incidents off Somalia is at its highest level in ten years, [and] the trend points to renewed activity in the area after several years with relatively few incidents.’ The... Read more
- 2026-08-19
  Oil edges up on uncertainty over exports through Hormuz
  Oil prices ticked higher in early trade on Wednesday, climbing for a fourth straight day on supply uncertainty as investors weighed conflicting messages from Tehran and Washington on whether the Strait of Hormuz is open to ships. Brent crude futures... Read more Oil prices ticked higher in early trade on Wednesday, climbing for a fourth straight day on supply uncertainty as investors weighed conflicting messages from Tehran and Washington on whether the Strait of Hormuz is open to ships.
  
  Brent crude futures climbed 26 cents, or 0.29%, to $91.28 by 0004 GMT, while U.S. West Texas Intermediate crude futures were up 37 cents to $85.31 a barrel.
  
  Both contracts closed on Tuesday at their highest since July 24 as hopes of peace between the U.S. and Iran faded.
  
  U.S. President Donald Trump said on Tuesday no talks were taking place with Iran and insisted the Strait of Hormuz was open, contradicting Iran’s assertion that the critical waterway remained shut to shipping.
  
  A temporary ceasefire agreement expired on Monday and a senior Iranian official told Reuters that his country was moving to a "fully offensive" military posture due to the diplomatic stalemate, though there were no reports of fresh strikes by either side on Tuesday.
  
  To avoid the Strait of Hormuz, Iraq’s cabinet approved mechanisms for exporting Iraqi crude through specialized international and local companies and via multiple export outlets, the government said on Tuesday.
  
  The contracts under the new mechanism will run for three months starting September 1, according to a statement issued after the cabinet meeting.
  
  Meanwhile, two Chinese shipping giants have stopped sending oil tankers through Hormuz and the Bab al-Mandeb strait amid the conflict in the Middle East and are instead collecting oil cargoes outside the Gulf, according to three industry executives, tanker trackers and a ship broker.
  
  In the U.S., crude oil and distillate inventories fell, while gasoline stocks rose last week, market sources said on Tuesday, citing data from the American Petroleum Institute. [API/S]
  
  Official inventory numbers from the U.S. Energy Information Administration are due at 10:30 a.m. ET (1430 GMT), with analysts polled by Reuters expecting crude stocks fell by about 600,000 barrels in the week ended August 14. Source: Reuters/Investing.com
- 2026-08-19
  A 4-Million-Bpd Shadow Oil Highway Is Running Through Hormuz
  U.S. Treasury Secretary Scott Bessent has predicted that the Strait of Hormuz will become “irrelevant” within two years, and with Gulf oil producers already building their way around it, millions of barrels may prove him right for a short time. Months... Read more U.S. Treasury Secretary Scott Bessent has predicted that the Strait of Hormuz will become “irrelevant” within two years, and with Gulf oil producers already building their way around it, millions of barrels may prove him right for a short time. Months into the Iran war, the UAE, Iraq, Kuwait and Qatar are moving more than 4 million barrels per day through a shadow export network of AIS-dark shuttle tankers and ship-to-ship transfers outside the Persian Gulf, keeping millions of barrels flowing through a waterway that has largely closed to normal commercial traffic.
  
  The operation has grown into one of the biggest workarounds of the six-month war. Around 150 vessels are now gathered off Oman, up from roughly 40 in January, with tankers making repeated runs through Hormuz with their transponders switched off before transferring their cargoes to larger vessels waiting outside the strait, according to Bloomberg.
  
  Saudi Arabia is preparing another layer: state shipping company Bahri has positioned 16 VLCCs off Oman, with three more reportedly on the way, giving the fleet capacity to carry roughly 38 million barrels as renewed Houthi attacks threaten the kingdom’s existing escape route through the East-West Pipeline and Red Sea.
  
  The shadow network began taking shape in early May, when the U.S. military started overseeing ship-to-ship transfers off Fujairah in the UAE and Sohar in Oman. Tankers carrying Gulf crude make the run through Hormuz with their transponders and lights switched off, then pull alongside larger vessels waiting outside the strait to transfer their cargo. The shuttle tankers then return to the Persian Gulf for another load. Reuters identified at least 116 vessels involved in the operation by mid-June, with satellite imagery showing as many as 17 simultaneous transfers at the two sites.
  
  Nearly 20 million bpd of crude and refined products moved through the strait before the war, leading market observers to fear triple-digit oil prices if Iran succeeded in shutting it down. But instead, pipelines, emergency stockpiles and the rapidly expanding “tanker shuttle” have kept enough Gulf supply in play to a catastrophic shortage.
  
  Saudi Arabia entered the war with an advantage over its Gulf neighbors. The 5-million-bpd East-West Pipeline carries crude from fields in the east across the kingdom to Yanbu, allowing Aramco to export from the Red Sea without using Hormuz. Riyadh has pushed more oil through the system during the war, but the alternative has developed its own problem in the Red Sea, courtesy of Iran’s move to awaken the Houthis. Tankers leaving Yanbu still have to navigate the Red Sea and Bab el-Mandeb, where Houthi attacks, on Iran’s orders, turn this into another Hormuz situation, as it has been before.
  
  On Monday, Reuters reported that Saudi Arabia had also started privately offering Asian refiners Arab Medium and Arab Heavy crude through ship-to-ship transfers off Fujairah, with September cargoes under discussion. The would spare buyers from sending their own tankers through Hormuz for Saudi crude. Aramco has also offered Arab Light from Egypt’s Sidi Kerir terminal after Houthi attacks complicated exports from Yanbu.
  
  All this remaining the same, then, Bessent’s prediction could be realized; but all things rarely remain the same, and there are other chokepoints, too.
  
  The UAE has its own 1.5-million-barrel-per-day pipeline from Abu Dhabi to Fujairah on the Gulf of Oman, while most Iraqi, Kuwaiti and Qatari exports remain heavily dependent on Hormuz. Building enough pipeline capacity to reroute 50% to 70% of the energy currently crossing the strait would require new infrastructure across several countries, while solving the problem of where those pipelines ultimately deliver their cargo.
  
  Africa isn’t immune, either. Ships diverted from Hormuz and the Red Sea are increasingly being pushed onto the much longer route around the Cape of Good Hope, adding thousands of miles to the mix and tempting a resurgence of Somali piracy.
  
  While sending more high-value cargo through waters where Somali piracy is making a comeback. More commercial vessels are being dispersed across the western Indian Ocean and around Africa, while the U.S. and allied naval resources that significantly suppressed Somali piracy after its 2011 peak have been diverted to the Gulf, leaving these waters underprotected.
  
  The cost of keeping Gulf oil moving seems to rise with each new workaround. Reuters reported on August 12 that many VLCCs are now avoiding Bab el-Mandeb altogether, forcing Saudi barrels north through the Red Sea and Suez or onto much longer voyages around Africa. Source: Oilprice.com
- 2026-08-19
  How Gulf Oil Is Escaping the Strait of Hormuz
  Gulf oil producers are finding new ways around the Strait of Hormuz, but bypassing the world’s biggest oil chokepoint creates new risks. VLCC Rates Go Ballistic as Hormuz Turns Into a Freight Jackpot - VLCC prices are ballooning out of control (once... Read more Gulf oil producers are finding new ways around the Strait of Hormuz, but bypassing the world’s biggest oil chokepoint creates new risks.
  
  VLCC Rates Go Ballistic as Hormuz Turns Into a Freight Jackpot
  
  - VLCC prices are ballooning out of control (once again), pushing assessed earnings for a Middle East-to-China voyage beyond $500,000 per day as the flow of vessels moving out of the Gulf trickled down to a mere couple per day.
  
  - Amidst news that Saudi Aramco resumed crude loadings at its key Ras Tanura export terminal, VLCC fixing costs for inside-Hormuz cargoes jumped to a whopping $31 million per voyage, as seen this week with the Mongolia Prosperity supertanker.
  
  - Saudi Aramco loaded at least three VLCCs (Malaysia Prosperity, Algeria Prosperity and Singapore Prosperity) in the Gulf last week, all owned by Sinokor, offering them to Asian buyers via ship-to-ship transfers off Fujairah in the UAE on a prompt basis.
  
  - For shipping companies, surreptitious transits through the Strait of Hormuz became the most lucrative freight trade of the day, with several more Saudi-origin VLCCs booked privately, without the involvement of brokers.
  
  - Shipping rates are rising across Asia even though the number of empty VLCCs has dipped to its highest in 5 years, with only 372 supertankers currently loaded and 592 tankers ballasting.
  
  Market Movers
  
  - Shares of Argentinian shale producer Vista Energy (NYSE:VIST) have jumped by more than 5% after billionaire Peter Thiel reported a $76 million stake in the company, equivalent to 1.2 million shares.
  
  - US oil major Chevron (NYSE:CVX) announced an oil and condensate discovery in Block 0 offshore Angola, hitting a 91-metre (300-feet) net oil pay with its 105-4X exploration well in the Lower Congo basin.
  
  - London-based energy firm Shell (LON:SHEL) lost its litigation against environmental activists in South Africa, with the Constitutional Court ruling that it could not renew its rights to offshore exploration.
  
  - US midstream giant Targa Resources (NYSE:TRGP) said it would build three new natural gas processing plants in the Permian Delaware basin with a combined processing capacity of 825 MMCf/d.
  
  - Norway’s state oil firm Equinor (NYSE:EQNR) has purchased 87% of Class A shares in the 1.5 GW Lackawanna combined-cycle power plant in Pennsylvania for $940 million from funds managed by BlackRock, boosting its gas-fired power generation portfolio.
  
  Tuesday, August 18, 2026
  
  Trump’s threats to bomb Oman and his Tuesday Truth Social post acknowledging there are no talks scheduled between the US and Iran have lifted oil prices again, with ICE Brent now trading at $91 per barrel. As the 60-day MoU is now officially a thing of the past and Houthi attacks on ships in and around the Bab el-Mandeb Strait are turning more assertive than ever, Trump’s Middle Eastern entanglements could well extend beyond the upcoming midterm elections, into Q4.
  
  Hormuz Peace Window Slams Shut. Iran threatened a “fully offensive” posture as Washington ruled out extending the lapsed Memorandum of Understanding signed June 17, although Axios reported that behind bellicose posturing US officials are still negotiating with Tehran via Iraqi mediators.
  
  China’s Refining Sector Crawls Off the Bottom. Chinese refinery runs jumped by 0.3% month-on-month in July to 12.5 million b/d—the first increase since the Iran war began—but remained 16% below last year levels as refiners drew an estimated 25–28 million barrels from domestic inventories.
  
  Libya Puts a $40 Billion Price Tag on Its Oil Comeback. Libya’s National Oil Company says foreign investment of up to $40 billion is needed to lift production to 2 million b/d by the early 2030s, as international majors return despite persistent drone attacks and reoccurring protest closures.
  
  Hormuz Oil Traffic Remains a Trickle. Just 6 commodity vessels crossed the strait on Monday, slightly up from Saturday’s three and Sunday’s two, with no VLCCs or LNG tankers visible as stalled US-Iran talks keep the Gulf’s main energy corridor effectively closed to large-scale shipping.
  
  Trump Threatens to Bomb Oman. The US President warned the Omani government against obstructing negotiations with Iran as the failed ceasefire’s 60-day deadline expired, even though Oman remains the only party reporting progress toward a new Hormuz shipping arrangement.
  
  Washington Pushes Maxed-Out Refineries for More Fuel. US Energy Secretary Chris Wright said the Trump administration would soon unveil measures to boost US refinery throughput as the average gasoline price exceeds $4.06 a gallon, even though US plants are already running at record rates.
  
  China Keeps Its Tankers Clear of Hormuz. China’s shipping giants COSCO and CMES, previously carrying half of the country’s Middle Eastern crude imports, have stopped entering Hormuz and Bab el-Mandeb, redeploying their fleet of more than 100 VLCCs to collect Gulf barrels from Fujairah and Oman.
  
  Brazil Gets Hyped for Its Next Oil Frontier. Brazil’s state oil firm Petrobras (NYSE:PBR) said crude recovered from its $300 million exploration well in the untapped Foz do Amazonas basin “looks very good”, seeking to expedite drilling as it already identified locations for the next 3 exploration wells.
  
  US Diesel Cracks Smash Through $100. The US diesel crack soared to an all-time high of $102 per barrel, with middle distillate prices rising quicker than crude in 5 of the last 6 sessions as US distillate inventories fall to their lowest seasonal level since 1996 despite refiners maximizing diesel output.
  
  Canada’s West Coast Pipeline Wins Producer Backing. EPAC members, representing more than 40% of Canadian oil output, have committed volumes to the proposed 1-million-b/d conduit as Ottawa considers fast-tracking the project to diversify exports beyond the US and pivot to Asian markets.
  
  Beijing Eyes a Bigger Gas Buffer. Beijing plans to lift natural gas storage above 13% of annual consumption and expand pipeline-import capacity to 114 Bcm per year by 2030, strengthening supply security after underground storage more than doubled to 54 Bcm between 2020 and 2025.
  
  Aramco Starts Sneaking Crude Around Hormuz. Saudi Arabia is privately offering Arab Medium and Heavy cargoes through ship-to-ship transfers off Fujairah, allowing Asian refiners to collect September cargoes without sending tankers into the strait as Riyadh adopts a bypass strategy.
  
  Rhine Freight Retreats to Road and Rail. Navigable depth at Germany’s Kaub chokepoint on the River Rhine fell to a record low 9 cm, completely halting all navigation south of Frankfurt as freight is now being en masse transferred to land transport for fears of extremely shallow water.
  
  Jazan Comes Under Fire Again. The Houthis claimed a 3rd drone attack in two weeks on Saudi Aramco’s 400,000 b/d Jizan refinery, already out of operations until at least September after earlier damage, pushing even more Saudi crude toward Mediterranean loading points as security risks soar.
  
  Drone Attack on Greek Ship Revive Black Sea Risks. The Greek-operated Suezmax tanker Skiros was attacked after loading Russian-origin crude at the CPC Terminal, reviving operational risks at a terminal handling almost 2% of global supply and serving as Kazakhstan’s dominant export route. Source: Oilprice.com

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