MABUX: Bunker market volatility to persist in October

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MABUX expects bunker fuel markets to remain volatile in October after September prices were shaped by geopolitical tensions and supply constraints. Reduced Gulf and Russian product flows and tight distillate and very-low-sulfur fuel oil supplies supported prices, while weaker oil-demand expectations offered some offset.

According to Sergey Ivanov, Director, MABUX, September’s bunker market was driven primarily by geopolitical and supply-side factors. Middle East uncertainty, reduced Gulf and Russian product flows, and tight distillate and VLSFO supply supported prices, while weaker global oil demand expectations partly offset upward pressure. The key market drivers included: Middle East conflict and Strait of […] The post MABUX: Bunker market volatility to persist in October appeared first on Container News.