Despite fears of a second wave of Covid-19, fuel markets rebounded last week, showing signs of improving fundamentals as global supplies continue to tighten.
MABUX Global Bunker Index for 380 HSFO rose slightly from US$283/mt on 18 June up to US$286/mt on 25 June, while VLSFO also saw a minor increase of US$4 (from US$337/mt to US$341/mt) and MGO LS presented an increase of US$8 (from US$411/mt to US$419/mt).
“Meanwhile, the pace of upward evolution has slowed somewhat and in the last two days we...
https://container-news.com/fuel-markets-show-recovery-signs-amid-fears-of-a-second-pandemic-wave/