MABUX: Bunker Weekly Outlook – Week 27, 2023

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Credits: Evangelos Mpikakis/Unsplash

As of Week 27, the global MABUX bunker indices turned into moderate growth. The 380 HSFO index rose by $16.03, reaching $499.05 USD/MT compared to $483.02 USD/MT last week, coming close to the $500 mark once again. The VLSFO index increased by $8.07, with a current value of $608.21 USD/MT compared to $600.14 USD/MT last week. The MGO index also saw a gain of $8.11, surpassing the $800 mark and reaching $803.44 USD/MT, up from $795.33 USD/MT last week. At the time of writing, the uptrend continued to prevail in the market.

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Source: Global Maritime Hub

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