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





OPEC, oil stocks reports take centre stage

13 Sep 2017 08:03 GMT

By A/S Global Risk Management.



By Michael Poulson, A/S Global Risk Management

OPEC released its monthly oil market report yesterday. According to the report, August oil production by OPEC was 32.76 mio. barrels per day - a drop of 79,100 barrels per day compared to July. It is the first time in several months that the organization's production drops.

Rumour has it that OPEC members are considering extending the current oil production cut deal into Q3 or Q4 2018. The production cut deal is targeted at bringing global oil inventories down to 5-year average and has been valid since January 2017, extended to include Q1-2018.

Last night, the weekly oil stocks data from the American Petroleum Institute (API) showed a build in crude oil stocks of more than 6 mio. barrels. Today, the weekly data from the Energy Information Administration (EIA) is published (16.30 CET). Consensus for the data is a build of 5 mio. barrels of crude, draws in gasoline and distillates stocks. But due to the two hurricanes, Harvey and Irma, some uncertainty of the data is expected, and hence volatility.

Turning to economic data, today sees U.S. inflation figures (PPI) for August. Also, EU Industrial Production and UK employment data. Overnight, Chinese Industrial Production is published.



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:

FueLNG completes first commercial LNG bunker delivery in Singapore
Viking Sun cruise ship featuring bunker-saving engine and scrubber delivered
Digital bunker procurement: Why is now the time to pay attention?
Oil and fuel oil hedging market update
Less online U.S. oil rigs, OPEC non-event and central bank speeches coming up
Wartsila outlines 'new opportunities for supplying LNG' with FSRB concept
Another first for Wartsila as wireless charging for hybrid coastal ferry is 'successfully' tested
Scandlines hails bunker-saving summer for hybrid ferries
BHP, GoodFuels to collaborate on biofuel bunker project in Singapore
The OPEC / non-OPEC meeting takes centre stage
Oil and fuel oil hedging market update
Fluxys focuses investment on Zeebrugge's fifth LNG tank and second jetty




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 de Janeiro
Rotterdam
Santos
Singapore
Directory
Africa
Asia
Central America
Middle East
North America
North Europe
Oceania
South America
South Europe
Directory
Germany
Gibraltar
Greece
Hong Kong
Italy
Japan
Netherlands
Panama
Russia
Singapore
South Africa
South Korea
Spain
Turkey
United Arab Emirates
United Kingdom
United States
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
Events
Upcoming Events