Oil has been trading in a narrow range in the low US$40 more or less since July after the market began to worry that even with large supply cuts from OPEC+ and curtailments in the US, demand will not recover fast enough to draw down the record-high inventories that had built in the second quarter.
The global bunker market in turn has mirrored general trends of crude indexes, according to MABUX, whose World Bunker Index has risen slightly for a week.
In particular, the 380 HSFO index bearly rose...
https://container-news.com/fuel-prices-still-deter-scrubber-installations/