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



Geopolitics trumps bearish EIA stats

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 26 Apr 2018 05:10 GMT

Geopolitics trumps bearish EIA stats. Brent trading at 74.42 (+0.42) during Asian trade. The US EIA released its oil inventory statistics during US trade yesterday. According to the figures, crude oil stocks built last week. The market fell about 0.50/bbl at the onset of the numbers.

During his visit to Washington, French President Emmanuel Macron, challenged Trump on his policies. One of which was the upcoming decision on the 6+1 nuclear deal with Iran. The US has until May 12 to decide on whether or not to restore US sanctions.

In Venezuela, two Chevron executives have been imprisoned over a contract dispute with PDVSA. They face charges of treason. Many majors and service companies have already written off their assets in the country. Some examples are ENI, Total, Schlumberger and Halliburton. Venezuela holds the largest proven oil reserves in the world but with their actions, they are driving away foreign investors and FDI which is key to oil production. The production level has been falling for some time now and many doubt that this situation will ever improve. Production used to stand at 4m bpd but has since fallen to 1.5m bpd.



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:

Strong demand, geopolitical risk and declining stock markets
A/S Global Risk Management Ltd.

Latest News:

KC LNG unveils 'game-changer' Y-piece that slashes bunker delivery times
Maersk COO explains unit cost at fixed bunker price, outlines fuel efficiency plan
Brent remains near $80
Oil and fuel oil hedging market update
MAN Diesel & Turbo joins SEA\LNG
Crew member files lawsuit against Vane Line Bunkering
GoodFuels secures funding from Dutch investment firm
Maersk Ocean profit impacted by higher bunker costs... which surge to almost $1.2bn
Oil and fuel oil hedging market update
Oil at three-and-a-half-year high on inventory deviations, geopolitical uncertainty
KPI Bridge Oil announces Group Marketing Manager promotion
Praxis looking to hire bunker trader in Singapore




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