OPX €200.00 $231.85 -8.7% to prev. month
EUA €68.86 $80.22 -0.86% to prev. day
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 up further.

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.

Table of Contents

  1. Pool prices followed the expected seasonal pattern.
  2. What lies ahead?

Pool prices followed the expected seasonal pattern.

With the ability to generate additional surplus limited by the approaching year-end, and demand picking up, prices for pooling edged up further. This led to an OceanScore Pool-Price Index (OPX) of €215.75 / ton of CO₂e, up from €206.67 in October — a month-on-month increase of 4.4%.

Increasing clarity on expected full-year compliance balances contributed to the rise in demand, as did the fact that more and more Charter Party clauses are now finally being agreed.

What lies ahead?

We expect prices for 2025 compliance balances to continue rising — likely all the way into April 2026, when the final pooling deadline arrives.

While we will soon start showing offers for 2026 compliance balances, please note:

  • 2026 surplus cannot be used to cover 2025 deficits,
  • but 2025 surplus can be banked for 2026.

With most voyages for the rest of the year already fixed, waiting to buy surplus now looks like a near-certain way to pay higher prices later.


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

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