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.
11 Mar 2015 08:45 GMT





A/S Global Risk Management logo. Surprise draw on oil inventories (Brent: $56.6)

Last night, the weekly U.S. oil stocks data showed a surprise draw in crude stock, builds in distillates and gasoline stocks. The draw was 404,000 barrels, where a build of 4.4 mio. was expected. This increases volatility ahead of this afternoon's weekly EIA oil inventory report (15.30 CET).

Chinese industrial production data came out lower than expected this morning; 6.8% versus 7.9% previous; the lowest level for several years - still a level many countries only dream of, but far from e.g. 2011 where Chinese industrial production was around 13%. Not many economic key numbers are due today; ECB President Draghi will speak at a conference in Frankfurt and the UK Manufacturing Production later this morning.

In its monthly report, the Energy Information Administration increases its 2015 domestic oil production forecast while the 2016 is revised downwards. Mainly due to lower oil prices which limits industrial investments and recent drops in oil rig counts.

Saudi Arabian King Salman stressed yesterday that the country will continue investing in gas and oil exploration regardless of the recent oil price drop. Saudi Arabia is said to hold the largest crude oil production capacity in the world and 16% of the world's proven oil reserves.


Related Links:

Company: A/S Global Risk Management Ltd.

Latest News:

BLOC system completes maiden blockchain bunker transaction
Methanol Institute welcomes 'progress' towards inclusion of methanol in IGF Code
NGOs hail Greenland HFO ban support
Oil and fuel oil hedging market update
Hyundai Mipo gains licence to install GTT's LNG fuel tanks
Oil prices saw heavy volatility yesterday on mixed news
Dan-Bunkering hires three bunker traders in Dubai
Maersk to change BAF calculation ahead of 2020 sulphur cap
Norden seeks assistant for Fuel Efficiency team
Keppel O&M inks deal to offer GTT systems for LNG bunker vessels
Oil and fuel oil hedging market update
Brent remains below last week's $80 level




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