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, Global Risk Management. Image credit: 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:

Oil and fuel oil hedging market update
Mixed news keeps Brent in the upper seventies
MAN contracted to supply IFO 380 propulsion system for seven Russian trawlers
Green Corridor project ends with closing ceremony
DNV GL replaces LNGi with AFI alternative fuels platform
Sale of Odfjell Terminals Rotterdam completed
Oil and fuel oil hedging market update
Oil stocks fall, trade war escalates
Tri-party MoU signed to advance LNG fuel adoption
HHI's LPG-fuelled VLGC granted AiP
ABS gas-as-marine-fuel seminars travel to Europe, Hong Kong
Freight association slams 'yet another surcharge' by box carriers




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