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Daily Bunker Report

MABUX: Bunker Market this morning 10th December, 2019

Oil slips as weak China exports highlight trade war impact Oil prices fell on Monday after data showed Chinese exports declined for a fourth straight month, sending jitters through a market already concerned about damage to global demand by the trade war between Washington and Beijing. Brent futures were down 15 cents, or 0.25%, at $64.24 per barrel by 12:29 p.m. EDT (1629 GMT), after gaining about 3% last week on news that OPEC and its allies would deepen output cuts. West Texas Intermediate oil futures were down 13 cents, ...

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MABUX: Bunker Market this morning 9th December

Saudi Arabia shocked the oil market on Friday, with its energy minister Prince Abdulaziz bin Salman pledging to voluntarily cut even more oil production than its new quota, according to S&P Global Platts. Under the existing oil production quota, Saudi Arabia had agreed to keep production under 10.311 million bpd—a cut of 322,000 bpd. But on Friday, OPEC divvied out an additional 372,000 bpd of cuts to its members, with Saudi Arabia’s new production cap coming in at 10.145 million bpd—an additional cut of 166,000 bpd. But Saudi Arabia is ...

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MABUX: Bunker market this morning, Dec.06

MABUX World Bunker Index (consists of a range of prices for 380 HSFO, 180 HSFO and MGO (Gasoil) in the main world hubs) slightly rose on Dec.05: 380 HSFO – USD/MT – 340.36(+4.94) 180 HSFO – USD/MT – 385.58(+5.54) MGO – USD/MT – 665.74(+0.16) Meantime, world oil indexes were stable on Dec.05 supported by expectations that OPEC will deepen output curbs but pressured by the prospect that gas condensate will be excluded from cuts for non-member producers. Brent for February settlement increased by $0.39 to $63.39 a barrel on the ...

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MABUX: Bunker market this morning, Dec.05

MABUX World Bunker Index (consists of a range of prices for 380 HSFO, 180 HSFO and MGO (Gasoil) in the main world hubs) demonstrated irregular changes on Dec.04: 380 HSFO – USD/MT – 335.42(-0.20) 180 HSFO – USD/MT – 380.04(+0.62) MGO – USD/MT – 665.58(-0.78) Meantime, world oil indexes jumped on Dec.04. on expectations that OPEC and allied producers would extend production curbs, and as U.S. government data showed a large drop in domestic crude stockpiles Brent for February settlement increased by $2.18 to $63.00 a barrel on the London-based ...

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MABUX: Bunker market this morning, Dec.04

MABUX World Bunker Index (consists of a range of prices for 380 HSFO, 180 HSFO and MGO (Gasoil) in the main world hubs) rose on Dec.03: 380 HSFO – USD/MT – 335.62(+3.93) 180 HSFO – USD/MT – 379.42(+3.75) MGO – USD/MT – 666.36(+2.47) Meantime, world oil indexes changed insignificant and irregular on Dec.03 as expectations of output cuts from OPEC and allied producers brought prices back up after they slid briefly following comments from U.S. President Donald Trump that a trade deal with China may be delayed. Brent for February ...

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MABUX: Bunker market this morning, Dec.03

MABUX World Bunker Index (consists of a range of prices for 380 HSFO, 180 HSFO and MGO (Gasoil) in the main world hubs) declined on Dec.02: 380 HSFO – USD/MT – 332.12(-6.57) 180 HSFO – USD/MT – 376.10(-5.67) MGO – USD/MT – 663.89(-4.23) Meantime, world oil indexes rose on Dec.02 as hints that OPEC may deepen output cuts at its meeting this week indicated supply may tighten next year. Brent for February settlement increased by $0.43 to $60.92 a barrel on the London-based ICE Futures Europe exchange. West Texas Intermediate ...

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MABUX: Bunker market this morning, Dec.02

MABUX World Bunker Index (consists of a range of prices for 380 HSFO, 180 HSFO and MGO (Gasoil) in the main world hubs) demonstrated irregular changes on Nov.29: 380 HSFO – USD/MT – 338.69(-0.36) 180 HSFO – USD/MT – 381.77(-2.22) MGO – USD/MT – 668.12(+1.43) Meantime, world oil indexes fell on Nov.29 as Russia sent out mixed signals on its commitment to extend production cuts and U.S.-China tensions. Brent for February settlement decreased by $1.44 to $62.43 a barrel on the London-based ICE Futures Europe exchange. West Texas Intermediate for ...

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MABUX: Bunker market this morning, Nov.29

MABUX World Bunker Index (consists of a range of prices for 380 HSFO, 180 HSFO and MGO (Gasoil) in the main world hubs) declined on Nov.28: 380 HSFO – USD/MT – 339.05(-3.56) 180 HSFO – USD/MT – 383.99(-2.74) MGO – USD/MT – 666.69(-1.18) Meantime, world oil indexes changed irregularly on Nov.28 after U.S. President Donald Trump signed into law a bill backing protesters in Hong Kong, fueling tensions with China Brent for January settlement decreased by $0.19 to $63.87 a barrel on the London-based ICE Futures Europe exchange. West Texas ...

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MABUX: Bunker market this morning, Nov.28

MABUX World Bunker Index (consists of a range of prices for 380 HSFO, 180 HSFO and MGO (Gasoil) in the main world hubs) changed in significant and irregular on Nov.27: 380 HSFO – USD/MT – 342.61(+0.04) 180 HSFO – USD/MT – 386.73(-0.07) MGO – USD/MT – 667.87(-0.39) Meantime, world oil indexes fell on Nov.27 after a report showing U.S. crude inventories grew unexpectedly last week. Brent for January settlement decreased by $0.21 to $64.06 a barrel on the London-based ICE Futures Europe exchange. West Texas Intermediate for January delivery fell ...

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MABUX: Bunker market this morning, Nov.27

MABUX World Bunker Index (consists of a range of prices for 380 HSFO, 180 HSFO and MGO (Gasoil) in the main world hubs) increased on Nov.26: 380 HSFO – USD/MT – 341.95 (+2.07) 180 HSFO – USD/MT – 386.18(+1.64) MGO – USD/MT – 667.93(+2.86) Meantime, world oil indexes also demonstrated upward changes on Nov.26 on hopes that United States and China will soon reach an agreement to at least partially resolve their trade war. Brent for January settlement increased by $0.62 to $64.27 a barrel on the London-based ICE Futures ...

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MABUX: Bunker market this morning, Nov.26

MABUX World Bunker Index (consists of a range of prices for 380 HSFO, 180 HSFO and MGO (Gasoil) in the main world hubs) slightly decreased on Nov.25: 380 HSFO – USD/MT – 339.88(-3.62) 180 HSFO – USD/MT – 384.54(-3.86) MGO – USD/MT – 665.07(-0.39) Meantime, world oil indexes rose on Nov.25 as positive comments from the United States and China rekindled hopes in global markets that the world’s two largest economies could soon sign an interim deal to end their trade war. Brent for January settlement increased by $0.26 to ...

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MABUX: Bunker market this morning, Nov.25

MABUX World Bunker Index (consists of a range of prices for 380 HSFO, 180 HSFO and MGO (Gasoil) in the main world hubs) demonstrated downward changes on Nov.22: 380 HSFO – USD/MT – 343.50 (+7.18) 180 HSFO – USD/MT – 388.40(+9.03) MGO – USD/MT – 665.46(+6.35) Meantime, world oil indexes demonstrated irregular changes on Nov.22 on signs of a tighter physical market and more rumors that OPEC+ would extend the production cuts. But the market is still awaiting direction from the U.S.-China trade war. Brent for January settlement decreased by ...

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MABUX: Bunker market this morning, Nov.21

MABUX World Bunker Index (consists of a range of prices for 380 HSFO, 180 HSFO and MGO (Gasoil) in the main world hubs) demonstrated downward changes on Nov.20: 380 HSFO – USD/MT – 332.73 (-5.56) 180 HSFO – USD/MT – 377.13(-5.61) MGO – USD/MT – 656.27(-4.24) Meantime, world oil indexes increased on Nov.20 as U.S. stocks raised less, then expected. Brent for January settlement increased by $1.49 to $62.40 a barrel on the London-based ICE Futures Europe exchange. West Texas Intermediate for January delivery rose by $1.90 to $57.05 a ...

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MABUX: Bunker market this morning, Nov.20

MABUX World Bunker Index (consists of a range of prices for 380 HSFO, 180 HSFO and MGO (Gasoil) in the main world hubs) slightly decreased on Nov.19: 380 HSFO – USD/MT – 338.29(-2.16) 180 HSFO – USD/MT – 382.74(-1.88) MGO – USD/MT – 660.51(-8.05) Meantime, world oil indexes fell on Nov.19 on concerns about excess global crude supply and limited progress toward resolving the U.S.-China trade dispute that has clouded the outlook for oil demand. Brent for January settlement decreased by $1.53 to $60.91 a barrel on the London-based ICE ...

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MABUX: Bunker market this morning, Nov.19

MABUX World Bunker Index (consists of a range of prices for 380 HSFO, 180 HSFO and MGO (Gasoil) in the main world hubs) demonstrated upward changes on Nov.18: 380 HSFO – USD/MT – 340.45 (+6.16) 180 HSFO – USD/MT – 384.62(+5.10) MGO – USD/MT – 668.56(+5.49) Meantime, world oil indexes also declined on Nov.18 after China’s concerns over the impeachment proceedings of President Trump. Brent for January settlement decreased by $0.86 to $62.44 a barrel on the London-based ICE Futures Europe exchange. West Texas Intermediate for December delivery fell by ...

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