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Daily Bunker Report

MABUX: Bunker market this morning, Aug.14.

MABUX World Bunker Index (consists of a range of prices for 380 HSFO, VLSFO and MGO (Gasoil) in the main world hubs) rose slightly on Aug.13: 380 HSFO – USD/MT – 308.93 (+3.24) VLSFO – USD/MT – 367.00 (+3.00) MGO – USD/MT – 447.02 (+1.75) Meantime, world oil indexes fell on Aug.13 after the International Energy Agency lowered its 2020 oil demand forecast following unprecedented travel restrictions. Brent for October settlement decreased by $0.47 to $44.96 a barrel on the London-based ICE Futures Europe exchange. West Texas Intermediate for September ...

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MABUX: Bunker market this morning, Aug. 13.

MABUX World Bunker Index (consists of a range of prices for 380 HSFO, VLSFO and MGO (Gasoil) in the main world hubs demonstrated slight irregular changes on Aug. 12: 380 HSFO – USD/MT – 305.69 (-0.70) VLSFO – USD/MT – 364.00 (0.00) MGO – USD/MT – 445.27 (+1.51) Meantime, world oil indexes demonstrated increased on Aug. 12 after an industry report showed U.S. crude inventories last week fell more than expected, bolstering hopes that fuel demand in the world’s biggest economy can outlive the coronavirus pandemic. Brent for October settlement ...

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MABUX: Bunker market this morning, Aug.12.

MABUX World Bunker Index (consists of a range of prices for 380 HSFO, VLSFO and MGO (Gasoil) in the main world hubs) rose slightly on Aug.11: 380 HSFO – USD/MT – 306.39 (+2.69) VLSFO – USD/MT – 364.00 (+3.00) MGO – USD/MT – 443.76 (+2.53) Meantime, world oil indexes changed irregular on Aug.11 as hopes dimmed for a swift stimulus package to relieve the U.S. economy as coronavirus cases increased globally. Brent for October settlement decreased by $0.49 to $44.50 a barrel on the London-based ICE Futures Europe exchange. West ...

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MABUX: Bunker market this morning, Aug. 11.

MABUX World Bunker Index (consists of a range of prices for 380 HSFO, VLSFO and MGO (Gasoil) in the main world hubs decreased on Aug. 10: 380 HSFO – USD/MT – 303.70 (-2.17) VLSFO – USD/MT – 361.00 (-2.00) MGO – USD/MT – 441.23 (-0.21) Meantime, world oil indexes demonstrated irregular changes on Aug. 10. Brent for October settlement increased by $0.59 to $44.99 a barrel on the London-based ICE Futures Europe exchange. West Texas Intermediate for September rose by $0.72 to $41.94 a barrel on the New York Mercantile ...

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MABUX: Bunker market this morning, Aug.10.

MABUX World Bunker Index (consists of a range of prices for 380 HSFO, VLSFO and MGO (Gasoil) in the main world hubs) changed insignificant and irregular on Aug.07: 380 HSFO – USD/MT – 305.87 (+0.22) VLSFO – USD/MT – 363.00 (0.00) MGO – USD/MT – 441.44 (-2.44) Meantime, world oil indexes decreased on Aug.07 on worries that fuel demand growth will drop amid a resurgence of coronavirus cases and as talks have stalled in the United States on a new stimulus deal. Brent for October settlement decreased by $0.69 to ...

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MABUX: Bunker market this morning, Aug. 07.

MABUX World Bunker Index (consists of a range of prices for 380 HSFO, VLSFO and MGO (Gasoil) in the main world hubs increased on Aug. 06: 380 HSFO – USD/MT – 305.65 (+1.40) VLSFO – USD/MT – 363.00 (+2.00) MGO – USD/MT – 443.88 (+3.19) Meantime, world oil indexes reduced on Aug. 06 amid the continued spread of COVID-19 worldwide. Brent for October settlement decreased by $0.08 to $45.09 a barrel on the London-based ICE Futures Europe exchange. West Texas Intermediate for September fell by $0.24 to $41.95 a barrel ...

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MABUX: Bunker market this morning, Aug.06.

MABUX World Bunker Index (consists of a range of prices for 380 HSFO, VLSFO and MGO (Gasoil) in the main world hubs) rose slightly on Aug.05: 380 HSFO – USD/MT – 304.25 (+3.45) VLSFO – USD/MT – 361.00 (+4.00) MGO – USD/MT – 440.69 (+3.52) Meantime, world oil indexes also rose on Aug.05 on a drop in U.S. crude inventories and the weak dollar, but mounting coronavirus infections weighed on the demand outlook. Brent for October settlement increased by $0.74 to $45.17 a barrel on the London-based ICE Futures Europe ...

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MABUX: Bunker market this morning, Aug. 05.

MABUX World Bunker Index (consists of a range of prices for 380 HSFO, VLSFO and MGO (Gasoil) in the main world hubs demonstrated irregular changes on Aug. 04: 380 HSFO – USD/MT – 300.80 (+0.61) VLSFO – USD/MT – 357.00 (+1.00) MGO – USD/MT – 437.17 (-0.22) Meantime, world oil indexes increased on Aug. 04 on significant crude draw. Brent for October settlement increased by $0.28 to $44.43 a barrel on the London-based ICE Futures Europe exchange. West Texas Intermediate for September rose by $0.69 to $41.70 a barrel on ...

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MABUX: Bunker market this morning, Aug.04.

MABUX World Bunker Index (consists of a range of prices for 380 HSFO, VLSFO and MGO (Gasoil) in the main world hubs) decreased slightly on Aug.03: 380 HSFO – USD/MT – 300.19 (-1.11) VLSFO – USD/MT – 356.00 (-2.00) MGO – USD/MT – 437.39 (-0.44) Meantime, world oil indexes rose slightly on Aug.03, on positive economic data from the United States, Europe and Asia, but investors remained concerned about rising COVID-19 cases globally. Brent for October settlement increased by $0.85 to $44.15 a barrel on the London-based ICE Futures Europe ...

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Bunker Market this morning, 30th July, 2020

Oil edges up after sharp U.S. crude inventory drop. Oil prices rose on Wednesday after a steep drop in U.S. crude inventories, but another record day for coronavirus cases worldwide kept gains in check. Brent crude futures LCOc1 settled at $43.75 a barrel, up 53 cents, or 1.2%. U.S. West Texas Intermediate crude futures CLc1 settled at $41.27 a barrel, gaining 23 cents, or 0.6%. U.S. crude oil inventories fell by 10.6 million barrels last week to 526 million barrels, the Energy Information Administration said, the largest drawdown since December. ...

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Bunker Market this morning, 29th July, 2020

Oil falls as U.S. stimulus package faces tough talks. Oil prices fell on Tuesday as U.S. lawmakers prepared to wrangle over an economic stimulus package and investors worried about a rise in coronavirus cases worldwide. Brent crude futures fell 19 cents, or 0.4%, to settle at $43.22 a barrel, while U.S. West Texas Intermediate (WTI) crude futures fell 56 cents, or 1.4%, to settle at $41.04 a barrel. Brent is still on track for a fourth monthly rise, and U.S. crude is expected to gain for a third month. U.S. ...

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Bunker Market this morning

Oil rises on hopes for U.S. stimulus measure. Oil prices rose on Monday on hopes that stimulus efforts will help revitalize the U.S. economy, but the gains were capped by rising coronavirus cases and tensions between Washington and Beijing. Brent crude LCOc1 rose 7 cents to settle at $43.41 a barrel, while U.S. West Texas Intermediate (WTI) crude CLc1 rose 31 cents to settle at $41.60 a barrel. U.S. Senate Republicans were expected to unveil a new $1 trillion coronavirus aid package on Monday afternoon. “If we can put more ...

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Bunker Market this morning, 27th July, 2020

Oil up on strong economic data, U.S.-China tensions cap gain. Oil prices rose on Friday, lifted by some supportive economic data, but tensions between the United States and China limited gains. Brent crude futures LCOc1 rose 3 cents to settle at $43.34 a barrel. U.S. West Texas Intermediate (WTI) crude CLc1 futures rose 22 cents to settle at $41.29 a barrel. For the week, Brent rose 0.5%, while U.S. crude rose 1.7%. Ahead of the weekend, market participants had their eye on Tropical Storm Hanna, forecast to cross to Baffin ...

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Bunker Market this morning, 23rd July, 2020

Oil slips as U.S. posts surprise rise in crude inventories. Oil prices edged lower on Wednesday as government data showed a surprise rise in U.S. crude inventories and as tensions escalated between the United States and China. Brent crude futures settled down 3 cents at $44.29 a barrel, while U.S. West Texas Intermediate crude settled down 2 cents at $41.90 a barrel. U.S. crude and distillate inventories rose unexpectedly and fuel demand slipped in the most recent week, the Energy Information Administration (EIA) said on Wednesday, as the sharp outbreak ...

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MABUX: Bunker Market this morning, 21st JULY, 2020

Oil Steady as virus infections rise but hopes for vaccine lends support. Oil prices were little changed on Monday as coronavirus cases increased in many countries, though a flurry of announcements about a potential COVID-19 vaccine and ongoing talks over a European Union fund to revive economies hit by the pandemic curbed losses.Brent crude LCOc1 settled up 14 cents, or 0.3%, at $43.28 per barrel, while U.S. West Texas Intermediate (WTI) CLc1 rose 22 cents, 0.5%, to $40.81. “As things stand, prices are not likely to produce any sizeable gains ...

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