380 HSFO: USD/MT – 384.92 (+3.63)
VLSFO: USD/MT – 492.37 (+6.66)
MGO: USD/MT – 547.20 (+7.88)
Correlation between the Market Bunker Price Index (MBP) vs MABUX Digital Bunker Price Index (DBP) in four major hubs on Feb.09 showed undercharging of 380 HSFO bunker grades in all ports ranging from minus 10 USD (Fujairah) to minus 12USD (Houston). VLSFO is overcharged in all 4 hubs in a range of 3USD (Houston) – 17USD (Rotterdam). MGO LS is undervalued in all four major hubs ranging from minus 6USD (Houston) to minus 29USD (Singapore).
Meantime, world oil indexes increased on Feb.09 as the U.S. government predicted a slow return to pre-pandemic levels of production for the domestic industry, while the global spot market continued to tighten partly due to export problems in Libya.
Brent for April settlement increased by $0.53 to $61.09 a barrel on the London-based ICE Futures Europe exchange. West Texas Intermediate for March rose by $0.39 to $58.39 a barrel on the New York Mercantile Exchange. The Brent benchmark traded at the premium of $2.73 to WTI. Gasoil for February delivery added $2.75.
Meantime, world oil indexes increased on Feb.09 as the U.S. government predicted a slow return to pre-pandemic levels of production for the domestic industry, while the global spot market continued to tighten partly due to export problems in Libya.
Brent for April settlement increased by $0.53 to $61.09 a barrel on the London-based ICE Futures Europe exchange. West Texas Intermediate for March rose by $0.39 to $58.39 a barrel on the New York Mercantile Exchange. The Brent benchmark traded at the premium of $2.73 to WTI. Gasoil for February delivery added $2.75.
Source:
http://www.mabux.com/