BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry



« News Home
:: Monthly Archive

News Topics
:: Air Pollution
:: Agreements & M&A's
:: Alternative Fuels
:: BunkerBlog
:: Cargoes & Storage
:: Company News
:: Efficiency, Costs & Charges
:: Environment
:: Events
:: Financial
:: Fuel Quality & Testing
:: Lubes & Additives
:: Oil Spills
:: People
:: Port News
:: Projects
:: Regulation, Legal
:: Services, Products,Technology
:: Statistics & Research
:: Vessels

Regional Archive
:: Americas
:: Asia/Oceania
:: Europe
:: M.East/Africa


BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry
Home » News



Awaiting oil inventory report

By A/S Global Risk Management.



Michael Poulson, Oil Risk Manager at A/S Global Risk Management. Image credit: A/S Global Risk Management


Updated on 19 Apr 2017 10:15 GMT

By Michael Poulson, A/S Global Risk Management

In the absence of other oil-related news, this afternoon's weekly oil inventory report from the EIA takes centre stage.

Yesterday's data from the American Petroleum Institute showed that crude oil stocks fell by 0.840M barrels, more than forecast, but less than last week's 1.3M draw. However, gasoline and distillates stocks saw builds. Consensus for today's report is a 1.4M barrel-draw in crude (last week = 2.1M barrel-draw). Distillates and gasoline inventories are also expected to show draws as the summer season has started. Read the summer fuels outlook from the EIA. Expect volatility around publishing of the report (16.30 CET).

OPEC's Secretary-General this morning stated that compliance (to production cut deal) data in March seems higher than February. The six-month agreement expires in June and the parties will meet around 25 May to discuss if the deal should be extended.

Chinese crude oil imports for March were 9.17M barrels per day, beating previous imports record from December 2016 (8.49M barrels per day) and 15% higher than same month last year.

Turning to economic key events, well there are no major events other than the UK election decision by the House of Commons, but this is not likely to affect oil prices.

- See more at: https://www.global-riskmanagement.com/en/research-reports/market-briefing#sthash.5Uce9Ks0.dpuf

A/S Global Risk Management is a provider of customised hedging solutions for the management of price risk on fuel expenses. The company has offices in Denmark and Singapore. For further details about its risk management products and services, please call +45 88 38 00 00 or email hedging@global-riskmanagement.com.






Related Links:

A/S Global Risk Management Ltd.

Latest News:

Hurtigruten to upgrade up to nine ships to gas-electric power
All-electric vessel launched for Norwegian fjord route
Wartsila CEO talks up 'critical role' of LNG, calls for 'clear' GHG roadmap
Industry coalition makes case for LNG in wake of MEPC 72
Oil and fuel oil hedging market update
Brent closed at $75 but quickly fell to current levels of $73-74
Itsas Gas secures Cepsa supply contract; Oizmendi starts bunkering in Huelva
Eco Marine Power to expand Aquarius Eco Ship Project
Wartsila in first optimised maintenance tie-up for LNGPac system
Bullish momentum sends oil prices above three-year high
Oil and fuel oil hedging market update
Nor Lines LNG-fuelled ships to include Rotterdam in weekly service




Page Links:

Prices
Africa
Asia
Latin America
Middle East
North America
North Europe
South Europe
Index Summary
Price Highlights
Commentaries
Futures
Prices
Antwerp
Busan
Cape Town
Fujairah
Houston
Istanbul
Kaohsiung
Las Palmas
Maracaibo
New Orleans
Piraeus
Rio
Rotterdam
Santos
Singapore
News
Latest News
Blogs
Archive
Americas
Asia
Europe
Middle East
News
Air Pollution
Agreements & M&A's
Alternative Fuels
Cargoes & Storage
Efficiency, Costs & Charges
Environment
Events
Financial
Fuel Quality
Lubes & Additives
Oil Spills
People
Port News
Projects
Regulation/Legal
Services, Products, Technology
Statistics & Research
Vessels
Contact & Terms
Contact Us
Advertise
Terms & Conditions
Privacy Policy
Events
Upcoming Events