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BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry
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Volatility and supply

By A/S Global Risk Management.



Michael Poulson, Global Risk Management. Image credit: Global Risk Management


Updated on 20 Jul 2018 06:11 GMT

Saudi Arabia's OPEC governor said the kingdom's crude exports will fall by about 100,000 barrels per day in August, overshadowing market pressure from a rising dollar and record high U.S. crude production raising prices throughout the day before prices started to retreat in the evening.

Volatility is still of the essence, as the impact of supply seems to be driving the market at the moment.

Wall Street was supported by Powell reiterating that the U.S. economy was healthy, even though he warned that rising world protectionism would over time pose a risk to the global economic expansion.

Asian shares on Thursday struggled to hold earlier gains made after upbeat Wall Street earnings, as the trade war is still shaking China's stock and currency markets, with the yuan hitting fresh one-year lows. The dollar climbed to a one-year high but stocks wobbled and metal markets buckled badly on Thursday.



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.






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Build in stockpiles and record high U.S. oil production
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