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



Oil stock data, Iran nuclear deal, oil rigs and Chinese data

By A/S Global Risk Management.



Image credit:


Updated on 13 Oct 2017 09:57 GMT

By Michael Poulson, A/S Global Risk Management

The weekly U,S. oil inventory report from the Energy Administration Information (EIA) yesterday showed crude oil stocks around consensus with a draw of 2.7 mio. barrels, but deviated hugely from Wednesday's API data which showed a build of 3 mio. barrels. Distillates stocks fell by 1.4 mio. barrels, while gasoline stocks unexpectedly fell by almost 2.5 mio. barrels. All in all, markets hardly reacted to the report and at time of writing, Brent oil price remains in a narrow trading range between $55-57. Data for next week will be very interesting to watch as Hurricane Nate could likely have caused some disruptions.

On the geopolitical topic, we are awaiting U.S. President Trump's speech today where he is expected to comment on the Iranian nuclear deal which was concluded in 2015 and entailed a lifting of international sanctions against the country. Some volatility could arise, depending on the message from Trump and potential reaction from Iran.

Overnight, Chinese September exports and imports data came out improved (8.1% and 18.7% respectively). China is one of the world's largest oil consumers, and therefore economic development in the country is followed closely. Later today, U.S. Retail Sales and Core CPI data is published. Also a row of ECB and Fed speeches.

Tonight, the weekly U.S. oil rig count from Baker Hughes is released - last week saw a drop of 2 in the number of active oil rigs



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:

GoodFuels to supply Boskalis offshore wind project ships with biofuel
Sulphur surcharges 'stink': Maersk BAF 'lacks transparency', says shipper group
Liberia calls for early reporting of 2020-compliant fuel availability
World Fuel Services bolsters UK bunker supply network with delivery vessel
Oil and fuel oil hedging market update
Brent surges above $80 to its highest level since November 2014
Sulphur 2020: CMA CGM to review fuel surcharge policy
DHT secures $50m scrubber financing
Shipping confidence dips on geopolitical fears: survey
Bunker One to start bunker deliveries offshore Gulf of Mexico
Quadrise plans to move MSAR production unit from Cepsa refinery
Quadrise has 'high degree of confidence' about securing equity funding




Page Links:

Prices
Africa
Asia
Latin America
Middle East
North America
North Europe
South Europe
Index Summary
Price Highlights
Commentaries
Futures
Prices
Antwerp
Busan
Fujairah
Houston
Istanbul
Kaohsiung
Las Palmas
Maracaibo
New Orleans
Piraeus
Rio de Janeiro
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