MABUX: Global Bunker Market To Maintain A Firm But Highly Volatile Trend In November

October’s global bunker market remained under strong geopolitical and supply-side pressure. Middle East tensions, disruptions to oil product flows, tight regional fuel availability and rising LNG prices continued to support bunker quotations. The key market drivers included: • Middle East Conflict: Continued instability around the Strait of Hormuz sustained elevated geopolitical risk premiums, freeing up more tonnage for the bunker market.