MABUX: Bunker market this morning, Feb.22, 2021

Hellenic Shipping News | Feb 22, 2021 at 1:00 AM
  • Correlation between the Market Bunker Price Index (MBP) vs MABUX Digital Bunker Price Index (DBP) in four major hubs on Feb.19 remained undercharging of 380 HSFO bunker grades in all selected ports ranging from minus 4USD (Houston) to minus 28USD (Rotterdam).
  • MGO LS is still undervalued in all four major hubs ranging from minus 6USD (Houston) to minus 46USD (Singapore).
  • Investment bank Goldman Sachs raised its forecast for Brent by $10, helping to boost the oil prices.