{
  "id": 17866354,
  "title": "MABUX: Global Bunker Market To Maintain A Firm But Highly Volatile Trend In November",
  "url": "https://urgent.news/2026/11/02/mabux-global-bunker-market-to-maintain-a-firm-but-highly-volatile",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-02T22:00:55.000Z",
  "source": {
    "name": "Hellenic Shipping News",
    "slug": "hellenic-shipping-news",
    "url": "https://www.hellenicshippingnews.com/mabux-global-bunker-market-to-maintain-a-firm-but-highly-volatile-trend-in-november/"
  },
  "original_language": "en",
  "account": "In November, the global bunker market is expected to maintain a firm but volatile trend, according to MABUX. Geopolitical tensions, particularly the conflict between the United States and Iran, continue to drive bunker prices higher, supporting a strong geopolitical risk premium. Middle East supply constraints and limited Asian bunkering hub availability also contribute to price volatility. Regional fuel imbalances, such as limited heavy fuel oil (HSFO) and very low sulfur fuel oil (VLSFO) availability, have narrowed bunker spreads, making VLSFO more competitive against 380 Heavy Fuel Oil (HSFO) with scrubbers. LNG prices remain higher than conventional marine fuels, reducing its competitiveness. Alternative fuel transition, such as dual-fuel and battery-powered fleets, supports long-term fuel diversification, but high alternative fuel costs remain a constraint. The MABUX Global Scrubber Spread (SS) has slightly declined in October, but it remains above the 100.00 benchmark. In Rotterdam, the SS Spread increased, while in Singapore, it narrowed below the benchmark, potentially making VLSFO more appealing. European natural gas prices have surged due to LNG supply disruptions, raising energy costs throughout the winter. Storage levels in Europe are moderately increasing but still below pre-2022 levels, and the European natural gas benchmark TTF has significantly risen in October.",
  "summary": "October’s global bunker market remained under strong geopolitical and supply-side pressure. Middle East tensions, disruptions to oil product flows, tight regional fuel availability and rising LNG prices continued to support bunker quotations. The key market drivers included: • Middle East Conflict: Continued instability around the Strait of Hormuz sustained elevated geopolitical risk premiums,…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}