OPX (2026) €225.00 $263,49 +15% to prev. month
EUA €68.86 $80.22 -0.86% to prev. day
FuelEUFuelEU PoolingOPX
1 min read

OceanScore Pool-Price Index Market Commentary: May 2026

OPX rises to €225 per tCO₂e as market resets for 2026 compliance cycle.

Albrecht Grell

Table of Contents

  1. What this means
  2. Outlook

With the pooling window for 2025 compliance balances now closed, attention has moved to 2026.

The OceanScore Pool-Price Index (OPX) increased to €225 per ton of CO₂e in May, up from €196 in April.

The pattern resembles what we saw one year ago. The year starts with a wide spread of offers, reaching up to €300, reflected in the higher OPX level. At the same time, market activity remains low.

Most offers currently sit between €170 and €210. This reflects the continuing, and according to OceanScore data, increasing oversupply of surplus in the market.

 

 

What this means

The increase in OPX should be seen in context. While the index moved up to €225, the majority of offers remain well below the highest quoted levels. The wide spread shows that market participants are entering the 2026 cycle with different price expectations.

At the same time, the concentration of offers between €170 and €210 suggests that surplus availability remains high.

Outlook

With 2025 pooling now closed, the market is resetting for 2026.

OceanScore will continue to monitor OPX developments and FuelEU pooling activity closely and provide regular updates to support transparency in the market.


Click here to learn more about OceanScore’s FuelEU Pooling Marketplace.

Related posts

Newsletter banner for OceanScores August 2025 Pool-Price Index Market Commentary, featuring an aerial view of a large container ship moving through the ocean.
FuelEUFuelEU Pooling
2 min read

OceanScore Pool-Price Index Market Commentary: August 2025

As global trade grows and decarbonization pressures increase, the shipping industry is facing heightened scrutiny over its environmental impact. At…

Albrecht Grell
A newsletter titled March 2026: OceanScore Pool-Price Index Market Commentary features a large container ship at sea, photographed from above, with colorful containers on its deck.
FuelEUFuelEU PoolingOPX
2 min read

OceanScore Pool-Price Index Market Commentary: March 2026

OPX dropped to €200 per tCO₂e in March, the lowest level since September 2025. Increasing surplus supply and limited deficit…

Albrecht Grell
Newsletter banner for OceanScores November 2025 Pool-Price Index Market Commentary, featuring an aerial view of a large container ship moving through the ocean.
FuelEUFuelEU PoolingOPX
1 min read

OceanScore Pool-Price Index Market Commentary: November 2025

With the ability to generate additional surplus limited by the approaching year-end, and demand picking up, prices for pooling edged…

Albrecht Grell
Newsletter banner for OceanScores September 2025 Pool-Price Index Market Commentary, featuring an aerial view of a large container ship moving through the ocean.
FuelEUFuelEU Pooling
1 min read

OceanScore Pool-Price Index Market Commentary: September 2025

As global trade grows and decarbonization pressures increase, the shipping industry is facing heightened scrutiny over its environmental impact. At…

Albrecht Grell
Newsletter banner for OceanScores February 2026 Pool-Price Index Market Commentary, featuring an aerial view of a large container ship moving through the ocean.
FuelEUFuelEU PoolingOPX
2 min read

OceanScore Pool-Price Index Market Commentary: February 2026

After compliance balances were closed at year-end, additional 2025 surplus volumes were released to the market in January. This increase…

Albrecht Grell
Newsletter banner for OceanScores October 2025 Pool-Price Index Market Commentary, featuring an aerial view of a large container ship moving through the ocean.
FuelEUFuelEU Pooling
2 min read

OceanScore Pool-Price Index Market Commentary: October 2025

As global trade grows and decarbonization pressures increase, the shipping industry is facing heightened scrutiny over its environmental impact. At…

Albrecht Grell
Newsletter banner for OceanScores January 2026 Pool-Price Index Market Commentary, featuring an aerial view of a large container ship moving through the ocean.
FuelEUFuelEU PoolingOPX
2 min read

OceanScore Pool-Price Index Market Commentary: January 2026

FuelEU pooling prices declined in January 2026 as surplus volumes increased following completion of the first compliance period. OceanScore’s OPX…

Albrecht Grell
Newsletter banner for OceanScores April 2026 Pool-Price Index Market Commentary, featuring an aerial view of a large container ship moving through the ocean.
FuelEUFuelEU PoolingOPX
2 min read

OceanScore Pool-Price Index Market Commentary: April 2026

OPX declined further to €196 per tCO₂e in April, reaching a multi-month low. Continued surplus oversupply and the approaching pooling…

Albrecht Grell
Newsletter banner for OceanScores December 2025 Pool-Price Index Market Commentary, featuring an aerial view of a large container ship moving through the ocean.
FuelEUFuelEU PoolingOPX
2 min read

OceanScore Pool-Price Index Market Commentary: December 2025

With the ability to generate additional surplus limited by the approaching year-end, and demand picking up, prices for pooling edged…

Albrecht Grell
Turn obligation into opportunity

Turn obligation into opportunity

Explore our maritime emissions compliance solutions designed to meet evolving regulations like EU ETS and FuelEU Maritime.

our clients and partners