World Bunker Index

MABUX: Upward trend to continue in Global bunker market on August 21

Credit: Shaah Shahidh/Unsplash

MABUX World Bunker Index (as index calculated on current prices for 380 HSFO, VLSFO and MGO) demonstrated upward evolution on Aug. 18.

Upward Evolution:

380 HSFO – USD/MT – 564.23 (+6.47)
VLSFO – USD/MT – 666.76 (+3.02)
MGO – USD/MT – 961.19 (+12.56)

As of Aug. 18, the MABUX MBP/DBP Index (MDI) (the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP)), recorded the following changes in four selected ports: Rotterdam,...

https://mfame.guru/mabux-upward-trend-to-continue-in-global-bunker-market-on-august-21/

Scrubbers – 380 HSFO Combination Attractive As Global Scrubber Spread Widens

The combination of scrubbers and 380 HSFO seems more attractive to the shipowners after the global scrubber spread (the price difference between 380 HSFOs and VLSFOs) widened this week, says an article published in container news.

Global bunker market trends

The global bunker market has shown signs of moderate growth over the past seven days, but there is still no firm ground for a sustained uptrend, according to the Marine Bunker Exchange (MABUX).

Challenges

There are also challenges in the form...

https://mfame.guru/scrubbers-380-hsfo-combination-attractive-as-global-scrubber-spread-widens/

World Oil and Bunker Market Witnesses An Upward Trend

  • OPEC and key ally Russia moved a conference call to discuss future output cuts.
  • Brent for August settlement increased by $1.25 to $39.57 a barrel.
  • West Texas Intermediate for July rose by $1.37 to $36.81 a barrel on the New York Mercantile Exchange.
  • The Brent benchmark traded at the premium of $2.76 to WTI. Gasoil for June delivery added $20.25.
  • Oil prices have soared thanks to record supply cuts by OPEC+.
  • U.S. sanctions choked exports and two Mexican firms that had acted as intermediaries for...

https://mfame.guru/world-oil-and-bunker-market-witnesses-an-upward-trend/