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



Geopolitical tensions, easing trade war fears send Brent to highest level since late 2014

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 11 Apr 2018 09:09 GMT

Geopolitical tensions, easing trade war fears sent Brent oil price to the highest level since late 2014 of $71.34 yesterday.

Lately the equities markets have been the primary driver of crude oil prices, and yesterday these increased modestly which supported oil prices. Additionally, the dollar index fell about 0.6. Traditionally the strength of the dollar has been affecting crude oil prices inversely meaning that when the dollar weakens the oil prices gains, and vice versa. So, the dollar index supported crude yesterday as well.

The primary reason for the latest fluctuations in the financial markets has been the trade disputes between China and the US. Concerns have been of a trade war between the two, which have weighted down on these markets dragging oil down with them. Yesterday Chinese president Xi Jinping held a speech which loosened up the tone between the two, and the market reacted bullish to it.

The alleged chemical weapons attack in Syria sent the geopolitical risk premium upwards as well.

Looking at the fundamentals, even though they currently are not the primary driver - yesterday the API released their US inventory stats showing a build of 1.8 mbbl of crude, a build of 2 mbbl of gasoline and a draw of 3.8 mbbl on distillates. Today the EIA releases their inventory stats, which could support prices further if they show draws.



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:

Geopolitics and easing trade war fears support prices
A/S Global Risk Management Ltd.

Latest News:

New managing director for Glander International Bunkering in Geneva
Bureau Veritas launches 'My Fuel Consumption' compliance tool
BIMCO set to adopt new Bunker Terms in bid to boost harmonisation
Strong demand, geopolitical risk and declining stock markets
South East Asia's first LNG-powered tug launched in Singapore
Oil and fuel oil hedging market update
New project aims to build industrial-scale power-to-gas installation
Denmark-based Dan-Bunkering traders earn promotion
GAC to offer bunkering services at new Port Elizabeth office
Emission test results prompt NGOs to call for Med ECA
Potential new sanctions on Iran push oil prices higher
Oil and fuel oil hedging market update




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