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





Praxis Market Update

07 June 2017 13:40 GMT

Market update from Praxis Energy Agents S.A.



Oil remained under pressure Wednesday as bloated global inventories continued to weigh. The market received some support from the rift in Qatar's ties with its Middle East neighbors and a fall in U.S. crude stocks. U.S. crude was off 32 cents, or 0.66%, at $47.87 at 08:30 ET. Brent shed 42 cents, or 0.84%, to $49.70. A Saudi-led alliance on Monday broke off ties with Qatar, alleging its neighbor backed terrorism. Port restrictions imposed on Qatari-flagged vessels could cause some disruption to oil shipments. The American Petroleum Institute Tuesday reported a fall of 4.6 million barrels in U.S. crude stockpiles in the latest week. The Energy Information Administration is due to release its official inventories report later in the session. The EIA is forecast to report a drop in U.S. crude stocks of 3.46 million barrels. The EIA Tuesday also said U.S. oil output could hit a record 10 million barrels a day next year, up from 9.3 million currently. That could weigh on efforts by major producers to curb production. OPEC and non OPEC producers have extended output cuts of 1.8 million barrels a day for another nine months.

Singapore: Avails are fair. Earliest supply from 12th-13th of June onwards, and according to barge schedule.

Fujairah: Avails are fair. Earliest supply from 12th-13th of June onwards, and according to barge schedule.

Gibraltar: Avails are fair. Earliest supply from 12th of June onwards and according to barges schedule






Related Links:


Latest News:

Project targets emissionless 'green corridor' with first electric inland boxship
UK's first LNG-fuelled passenger ferry launched in Glasgow
Wartsila to supply scrubber and engines for new cruise ship
Oil stocks, rig count and OPEC taking centre stage
Oil and fuel oil hedging market update
Petronas signs accord to provide STS LNG transfers
ECSA welcomes agreement on CO2 emissions trading system
Tallink achieves Q3 growth despite rise in bunker costs
Oil and fuel oil hedging market update
Jan Brent rose $0.47 to close at $62.57
Debmarine Namibia inks MoU to build bunker-saving mining vessel
Understanding 'about' in bunker consumption clauses




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