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BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry
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Singapore Market Commentary
Liow Liak Hong, Wired Bunkering Pte. Ltd.
26 Jan 2015 09:44 GMT





Wired Bunkering Pte. Ltd. logo. Evening Price Update

Cargoes trading closed weak this afternoon as paper and crude futures sentiment were much softer. Fuel oil cargo dipped by about USD4.50/MT while gasoil cargo plunged down by USD1.50/BBL. All delivered prices were offered lower - only for early February deliveries - yet demand for end of January was still offering comparatively more expensive as avails and barging were quite tight. Meantime, our bunker indications are revised downward only on the distillates, amid average demand.

Morning Commentary

Crudes futures for March contracts closed mixed last Friday. WTI Crude fell by just USD0.72/BBL while ICE Brent gained USD0.27/BBL. However, both values are showing weak this morning. This could possibly drag down paper sentiment today. Both fuel oil and gasoil papers were pegged lower by USD4.50/MT and USD1.00/BBL respectively. We shall see how cargo trading will react later in the day. Meantime, our bunker indications are revised downward slightly for all grades.


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Company: Wired Bunkering Pte. Ltd.
Country: Singapore
Port: Singapore

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