MABUX: Bunker market this morning, July 18.
MABUX World Bunker Index (consists of a range of prices for 380 HSFO, 180 HSFO and MGO (Gasoil) in the main world hubs) continued moderate downward evolution on July 17:
380 HSFO – USD/MT – 433.45(-6.23)
180 HSFO – USD/MT …
Fujairah data: Bunkers, other heavy fuels inventories drop to 4-month low
Inventories of marine bunkers and other heavy distillates at the port of Fujairah in the UAE dropped to a four-month low at the start of this week amid reports of increasing demand, data released Wednesday by the Fujairah Oil Inventory …
War risk costs drag on UAE marine fuel sales, benefit Singapore – trade
Shippers trying to minimise time in the Middle East after oil tanker attacks pushed up insurance costs are scaling back purchases of marine fuels from the United Arab Emirates’ (UAE) Fujairah oil hub, trade sources said.
Instead, they are turning …
Oil pipelines not Royal Navy warships will solve Hormuz Iran threat
Deploying more of the Royal Navy to protect oil tankers from Iranian attack as they sail through the Strait of Hormuz is a short-term fix to a historic problem of providing energy security in the Persian Gulf.
Instead of Britain …