Home / Report / Analysis / Daily Bunker Report

Daily Bunker Report

MABUX: Bunker market this morning, Oct.21

MABUX World Bunker Index (consists of a range of prices for 380 HSFO, VLSFO and MGO (Gasoil) in the main world hubs) demonstrated slight downward changes on Oct.20: 380 HSFO – USD/MT – 298.48 (-1.19) VLSFO – USD/MT – 351.00 (-2.00) MGO – USD/MT – 413.46 (-1.99) Meantime, world oil indexes also demonstrated irregular changes on Oct.20 on hopes that the United States was nearing a stimulus deal, but the threat to demand from rising coronavirus cases worldwide and increased Libyan output kept prices from moving higher. Brent for December ...

Read More »

MABUX: Bunker market this morning, Oct.20

MABUX World Bunker Index (consists of a range of prices for 380 HSFO, VLSFO and MGO (Gasoil) in the main world hubs) changed irregular on Oct.19: 380 HSFO – USD/MT – 299.08 (+0.70) VLSFO – USD/MT – 352.00 (-2.00) MGO – USD/MT – 415.11 (-2.02) Meantime, world oil indexes decreased on Oct.19 after China released data showing a smaller-than-expected rise in GDP during the third quarter and on Libya’s plan to boost output. Brent for November settlement decreased by $0.31 to $42.62 a barrel on the London-based ICE Futures Europe ...

Read More »

MABUX: Bunker market this morning, Oct.19

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 Oct.16: 380 HSFO – USD/MT – 298.38 (+1.15) VLSFO – USD/MT – 354.00 (+1.00) MGO – USD/MT – 417.13 (-0.76) Meantime, world oil indexes also demonstrated irregular changes on Oct.16 amid fears that the Covid-19 pandemic will cause the global market to slip into surplus again next year. Brent for December settlement decreased by $0.23 to $42.93 a barrel on the London-based ICE ...

Read More »

MABUX: Bunker market this morning, Oct.16

MABUX World Bunker Index (consists of a range of prices for 380 HSFO, VLSFO and MGO (Gasoil) in the main world hubs) demonstrated slight upward evolution on Oct.15: 380 HSFO – USD/MT – 297.23 (+2.75) VLSFO – USD/MT – 353.00 (+1.00) MGO – USD/MT – 417.89 (+0.94) Meantime, world oil indexes decreased on Oct.15 as new restrictions to stem a surge in COVID-19 infections increased uncertainty over the outlook for economic growth and a recovery in fuel demand. Brent for November settlement decreased by $0.16 to $43.16 a barrel on ...

Read More »

MABUX: Bunker Market this evening 15th October, 2020

Oil Market close, Wednesday evening Oil rises 2% as OPEC complies with production cuts. Oil prices strengthened on Wednesday, as OPEC and its allies were seen complying with a pact to cut oil supply in September, even as concerns loomed that recovery in fuel demand will be stalled by soaring global coronavirus cases. Early in the day crude was boosted by a bullish stock market. Even as equities whipsawed on pandemic worries, oil stayed higher, buoyed by expectations that OPEC could staunch a supply glut. Wall Street’s main indexes opened ...

Read More »

MABUX: Bunker Market this morning 14th October, 2020

Oil Market close, Tuesday evening Oil rises nearly 2% as robust China trade data offsets returning supply. Oil prices rebounded on Tuesday, supported by robust economic data from China that offset returning supply in other regions but gains were capped by forecasts for a slow recovery in global oil demand as coronavirus cases rise. Brent crude futures were up 72 cents, or 1.7%, to $42.44 a barrel by 12:09 p.m. ET (1609 GMT). U.S. West Texas Intermediate (WTI) crude futures rose 85 cents, or 2.2%, to $40.28 a barrel. On ...

Read More »

MABUX: Bunker Market this morning 13th October, 2020

Oil Market close, Monday evening Oil prices settled about 3% lower on Monday as force majeure at Libya’s largest oilfield was lifted, a Norwegian strike affecting production ended and U.S. producers began restoring output after Hurricane Delta. Brent crude settled down $1.13, or 2.6%, to $41.72 a barrel. U.S. West Texas Intermediate ended 2.9%, or $1.17, lower at $39.43. Production in Libya, a member of the Organization of the Petroleum Exporting Countries (OPEC), is expected to rise to 355,000 barrels per day (bpd) after force majeure at the Sharara oilfield ...

Read More »

MABUX: Bunker Market this morning 12 October, 2020

Oil Market close, Friday evening Oil prices slip over 1% after Oil worker strikes end. Oil prices slipped more than 1% on Friday after an oil worker strike in Norway ended, which should boost crude output even as Hurricane Delta forced U.S. energy firms to cut production. Brent futures fell 49 cents, or 1.1%, to settle at $42.85 a barrel, while U.S. West Texas Intermediate (WTI) crude fell 59 cents, or 1.4%, to settle at $40.60. Despite Friday’s price slide, both benchmarks gained about 9% last week, their first increase ...

Read More »

MABUX: Bunker Market this morning, 9th October2020

Oil settled above $43 a barrel on Thursday on support from output shutdowns ahead of a storm in the U.S. Gulf of Mexico and the possibility of supply cuts from Saudi Arabia and Norway. Markets rose sharply at noon on a Dow Jones report that Saudi Arabia is considering reversing course over OPEC’s planned production increase early next year. Brent crude settled up $1.35, or 3.2% to $43.34, after falling 1.6% on Wednesday. U.S. West Texas Intermediate (WTI) crude added $1.24 cents, or 3.1%, to $41.19 after falling 1.8% on ...

Read More »

MABUX: Bunker Market this morning, 7th October, 2020

Oil ends up on supply issues, mixed U.S. stimulus gives a bearish sign. Oil prices rose more than 2% on Tuesday, supported by expected supply disruptions from a hurricane approaching the Gulf of Mexico and an oil worker strike in Norway. The market slipped in post-settlement trading, however, after U.S. President Donald Trump said he was instructing his administration not to negotiate a stimulus package until after the Nov. 3 election. Brent crude futures settled at $42.65 a barrel, up $1.36 a barrel, or 3.29%. U.S. West Texas Intermediate (WTI) ...

Read More »

MABUX: Bunker Market this morning, 6 October, 2020

Oil jump 5% on Trump health update, Norway shutdowns. Oil prices climbed more than 5% on Monday after U.S. President Donald Trump said he will leave the hospital where he is being treated for COVID-19, while six Norwegian offshore oil and gas fields were shut as more workers joined a strike. Brent rose $2.02, or 5.1%, to settle at $41.29 a barrel. U.S. West Texas Intermediate (WTI) crude rose $2.17, or 5.9%, to settle at $39.22 a barrel. “A lot of people thought last week’s sell-off was overdone,” said Phil ...

Read More »

Bunker Market this morning 5th October, 2020.

Oil loses 4% after Trump gets coronavirus and economies wobble. Oil prices fell more than 4% on Friday, and posted a second weekly decline after U.S. President Donald Trump tested positive for COVID-19, roiling risky assets, and as rising global crude output threatened to overwhelm the market’s weak recovery. Benchmark Brent and U.S. crude each posted a second straight week of losses. The uncertainty surrounding the U.S. president’s health added to a series of jitters, including a lackluster U.S. unemployment report and increased supply from major world oil producers. “It’s ...

Read More »

MABUX: Bunker Market this morning 2nd October, 2020.

Yesterday Market close WTI fell more than 3% on Thursday as rising coronavirus cases around the world dampened the demand outlook, while a rise last month in member output from the Organization of the Petroleum Exporting Countries also pressured prices. Brent crude oil close almost unchanged down 2 cents. U.S. consumer spending is starting to slow due to a shaky jobs market. If policymakers cannot agree on more support, the U.S. economy could lose more momentum. Trump said on Twitter that he and his wife had been tested for coronavirus ...

Read More »

MABUX: Bunker market this morning, Oct.01

MABUX World Bunker Index (consists of a range of prices for 380 HSFO, VLSFO and MGO (Gasoil) in the main world hubs) demonstrated downward changes on Sep.30: 380 HSFO – USD/MT – 289.07 (-3.69) VLSFO – USD/MT – 342.00 (-4.00) MGO – USD/MT – 405.86 (-4.21) Meantime, world oil indexes demonstrated irregular changes on Sep.30. Brent for November settlement decreased by $0.08 to $40.95 a barrel on the London-based ICE Futures Europe exchange. West Texas Intermediate for November increased by $0.93 to $40.22 a barrel on the New York Mercantile ...

Read More »

MABUX: Bunker market this morning, Sep.30

MABUX World Bunker Index (consists of a range of prices for 380 HSFO, VLSFO and MGO (Gasoil) in the main world hubs) demonstrated upward changes on Sep.29: 380 HSFO – USD/MT – 292.76 (+1.15) VLSFO – USD/MT – 346.00 (+2.00) MGO – USD/MT – 410.07 (+2.51) Meantime, world oil indexes declined on Sep.29 as fears resurfaced once again about the trajectory of global demand amid prospects of a full winter of coronavirus-driven restrictions on economic activity. Brent for November settlement decreased by $1.40 to $41.03 a barrel on the London-based ...

Read More »

Recent Videos

Hellenic Shipping News Worldwide Online Daily Newspaper on Hellenic and International Shipping