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


Market Briefing
Michael Poulsen, A/S Global Risk Management Ltd.
02 Jan 2015 12:31 GMT





A/S Global Risk Management logo. Fuel oil trend

Rotterdam: $ 3 higher
Singapore: $ 11 lower
US Gulf: $ 1 lower

Oil inventories and a row of PMI indices (Brent: $57.3)

Over the holidays, oil prices took another dip downwards and Brent is currently trading around $57.3.

Wednesday's weekly U.S. oil inventories showed a larger-than-expected draw in crude oil stock (-1.745M versus 7.267M previous). Builds in distillates and gasoline stocks were around consensus expectations.

Yesterday, the markets were closed due to the New Year holiday, but the official Chinese Manufacturing PMI for December was published and showed a slight decrease from November; 50.1 versus 50.3 previous. Early tomorrow morning, the country's Non-Manufacturing PMI for December will be published.

OPEC’s December output was around 30,239 mio. barrels per day; a decrease of 122,000 bpd from November output. Official output target is 30 mio. barrels per day. Libyan oil production decreased to around 450,000 bpd in December; the lowest level since July – in late December, rebels attacked Es Sider, the largest oil export terminal and output is allegedly down to around 300,000 barrels per day.

Later today, the U.S. ISM Manufacturing PMI for December will be published; indicating the manufacturing activity in the country. This morning, the German and UK Manufacturing PMIs will also be published.


Related Links:

Company: A/S Global Risk Management Ltd.

Latest News:

Verifavia signs up Wallem and Seaborn
The lowdown on bunker spill paperwork required in Singapore
MEPC 73: HFO ban events scheduled
Oil and fuel oil hedging market update
Brent climbs above $80 as supply concerns take centre stage
MEPC 73: IMO must renew commitment to Arctic HFO ban | CAA
IMO launches toolkits to tackle ship and port emissions
Bunker-saving JIT study presented at IMO HQ
Working group to finalize Initial Strategy programme for MEPC 73
Oil and fuel oil hedging market update
Bunker issues pack MEPC 73 agenda
Volatility around $80




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