MABUX: Bunker Prices Expected to Trend Higher Next Week

MABUX: Bunker Prices Expected to Trend Higher Next Week
During the 50th week, the MABUX global bunker indices showed a moderate decline. The 380 HSFO index fell by USD 4.76: from USD 515.07/MT last week to USD 510.31/MT, gradually approaching the USD 500.00 mark. The VLSFO index decreased by USD 3.98 (USD 588.94/MT versus...
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Baltic index falls as all vessel segments post declines

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, dipped to a more-than-16-month low on Thursday, hurt by falling rates across all vessel segments. The index, which factors in rates for capesize, panamax and...
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OPEC Reduces 2024, 2025 oil demand growth forecasts

Crude Oil Price Movements In November, the OPEC Reference Basket (ORB) value dropped by $1.47, or 2.0%, month-on-month (m-o-m), to average $72.98/b. The ICE Brent front-month contract dropped by $1.98, or 2.6%, m-o-m, to average $73.40/b, while NYMEX WTI dropped by...
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