MABUX World Bunker Index (consists of a range of prices for 380 HSFO, 180 HSFO and MGO (Gasoil) in the main world hubs) did not have any firm trend on May 10: 380 HSFO – USD/MT – 414.43(-0.07) 180 HSFO – USD/MT – 461.64(0.00) MGO – USD/MT – 655.29(-0.71) Meantime, world oil indexes were mostly steady on May 10, ending last week slightly lower as trade tensions stoked by a U.S. move to hike tariffs on Chinese goods overshadowed tightened global supplies and expectations of rising U.S. refining demand. Brent ...

MABUX World Bunker Index (consists of a range of prices for 380 HSFO, 180 HSFO and MGO (Gasoil) in the main world hubs) changed insignificant and irregular on May 07: 380 HSFO – USD/MT – 417.21(-3.00) 180 HSFO – USD/MT – 464.57(-2.29) MGO – USD/MT – 656.64(+2.21) Meantime, world oil indexes fell sharply on May 07 as the China-US trade war continues, sparking fears that global growth will be disappointing, despite a tightening of oil supplies in Venezuela and Iran in the wake of US sanctions. Brent for July settlement ...

MABUX World Bunker Index (consists of a range of prices for 380 HSFO, 180 HSFO and MGO (Gasoil) in the main world hubs) continued downward trend on May 06: 380 HSFO – USD/MT – 420.21(-6.08) 180 HSFO – USD/MT – 466.86(-6.00) MGO – USD/MT – 654.43(-0.36) Meantime, world oil indexes changed irregular on May 06 after U.S. President Donald Trump threatened to sharply increase tariffs on Chinese imports. Brent for July settlement increased by $0.39 to $71.24 a barrel on the London-based ICE Futures Europe exchange. West Texas Intermediate for ...

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 trend on May 03: 380 HSFO – USD/MT – 426.29(-5.57) 180 HSFO – USD/MT – 472.86(-6.71) MGO – USD/MT – 654.79(-1.21) Meantime, world oil indexes changed irregular on May 03 as strong U.S. economic data boosted demand sentiment and as production losses in sanctions-hit Iran and Venezuela tightened the market. Brent for July settlement increased by $0.10 to $70.85 a barrel on the London-based ICE ...

MABUX World Bunker Index (consists of a range of prices for 380 HSFO, 180 HSFO and MGO (Gasoil) in the main world hubs) changed irregular on May 02: 380 HSFO – USD/MT – 431.86(-1.35) 180 HSFO – USD/MT – 479.57(+3.00) MGO – USD/MT – 656.00(+2.86) Meantime, world oil indexes dropped on May 02 as the market grappled with oversupply fears as increased U.S. sanctions on Iran had more gradual impact than expected and U.S. crude oil inventories rose sharply. Brent for July settlement decreased by $1.43 to $70.75 a barrel ...

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 May 01 despite of celebration of the Labor Day in more than 170 countries: 380 HSFO – USD/MT – 433.21(+2.07) 180 HSFO – USD/MT – 476.57(+1.21) MGO – USD/MT – 653.14(+0.57) Meantime, world oil indexes changed irregular on May 01 after data showed record U.S. crude oil production, which resulted in a surge in stockpiles. Brent for July settlement increased by $0.12 to $72.18 ...

MABUX World Bunker Index (consists of a range of prices for 380 HSFO, 180 HSFO and MGO (Gasoil) in the main world hubs) turned into downward evolution on Apr.29: 380 HSFO – USD/MT – 436.36(-7.28) 180 HSFO – USD/MT – 484.21(-7.00) MGO – USD/MT – 653.79(-8.00) Meantime, world oil indexes changed irregular on expectations rising output from the United States and producer club OPEC would offset most of the shortfall expected from U.S. sanctions on Iran. Brent for June settlement decreased by $0.11 to $72.04 a barrel on the London-based ...

MABUX World Bunker Index (consists of a range of prices for 380 HSFO, 180 HSFO and MGO (Gasoil) in the main world hubs) continued upward trend on Apr.26: 380 HSFO – USD/MT – 443.64(+6.35) 180 HSFO – USD/MT – 491.21(+5.28) MGO – USD/MT – 661.79(-1.50) Meantime, world oil indexes fell sharply on Apr.26 as the market reassessed the impact of U.S. sanctions on Iran. Brent for June settlement decreased by $2.20 to $72.15 a barrel on the London-based ICE Futures Europe exchange. West Texas Intermediate for June delivery lost $1.91 ...

MABUX World Bunker Index (consists of a range of prices for 380 HSFO, 180 HSFO and MGO (Gasoil) in the main world hubs) continued upward trend on Apr.24: 380 HSFO – USD/MT – 433.36(+5.15) 180 HSFO – USD/MT – 481.71(+5.35) MGO – USD/MT – 663.43(+3.43) Meantime, world oil indexes changed irregular on Apr.24 after data showed U.S. crude stockpiles surged to their highest levels since October 2017, countering fears of tight supply resulting from OPEC output cuts and U.S. sanctions on Venezuela and Iran. Brent for June settlement increased by ...

Global oil prices started the week by spiking around 3 percent on reports that Washington was preparing to announce that all buyers of Iranian oil will have to end those imports soon or face U.S. sanctions. Reuters cited a Washington Post article and sources stating that the U.S. will announce the termination of Iranian oil import sanctions waivers on Monday. The waivers move, granted by Trump in November, shocked global oil markets and created a supply overhang that the OPEC+ group of producers is now working to eliminate. Countries that ...

Crude prices declined slightly on Wednesday as U.S. government data showed inventories drew down less than an industry report had suggested on Tuesday. Brent crude rallied to its highest level this year early in the session, bolstered by an unexpected drop in U.S. crude inventories reported by trade group the American Petroleum Institute late on Tuesday. However, official data from the Energy Information Administration on Wednesday showed a 1.4 million-barrel crude drawdown, about half the API’s reported decline. “The rally overnight was predicated on a 3 million-barrel-per-day draw in crude ...

Oil up 1 percent as market focuses on supply risks yesterday. Oil prices rose 1 percent on Tuesday, as fighting in Libya and falling Venezuelan and Iranian exports raised concerns over tightening global supply, but uncertainty surrounding an OPEC-led production cut limited gains. Brent crude futures rose 54 cents, or 0.8 percent, to settle at $71.72 a barrel. U.S. West Texas Intermediate (WTI) crude futures gained 65 cents, or 1 percent, to settle at $64.05 a barrel. Prices extended gains in post-settlement trade after data from industry group the American ...

Oil rally stalls on talk of OPEC+ boosting output Oil prices halted their rally on Monday, with both benchmarks down nearly 1 percent, after Russia’s finance minister said Russia and OPEC may decide to boost production to fight for market share with the United States, where output remains at record highs. Losses were limited by a tightening of global supplies, as output has fallen in Iran and Venezuela amid signs the United States will further toughen sanctions on those two OPEC producers, and on the threat that renewed fighting could ...

Oil dips, supply issues in focus today Monday. Oil prices edged lower on Monday after international benchmark Brent hit a fresh five-month high in the previous session, but concerns over global supplies kept prices well supported. Brent crude oil futures were at $71.46 a barrel at 0233 GMT, down 9 cents, or 0.1 percent, from their last close, having hit their highest since Nov. 12 on Friday at $71.87. U.S. West Texas Intermediate (WTI) crude futures were at $63.63 per barrel, down 26 cents, or 0.4 percent, from their last ...

Oil prices sliped on Thursday as OPEC mulls output hike, U.S. stocks build Oil prices fell on Thursday after sources said OPEC may raise output from July if Venezuelan and Iranian supplies fall further and prices keep rallying. Rising U.S. crude stockpiles also dragged U.S. futures down by more than $1 a barrel. West Texas Intermediate (WTI) crude fell $1.03 to settle at $63.58 a barrel. Global benchmark Brent settled at $70.83 a barrel, down 90 cents. ‘Now there is a suggestion that OPEC may surprise us and raise production ...