High uncertainties about Covid-19 and the economic recovery continue to weigh on the fuel market and bunker prices, according to the courtesy of MABUX, which said, “It is clear now that 2020 would not be the year of oil market balance as the world still has a lot of excess crude and oil product stocks to process.”
The World Bunker Index MABUX turned into a slight downward trend for a week with the 380 HSFO index fell to US$296.38 / mt, VLSFO decreased to US$347 /mt while MGO declined to...
https://container-news.com/mabux-expects-no-oil-market-balance-in-2020/