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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.
12 Mar 2015 08:45 GMT





Wired Bunkering Pte. Ltd. logo. Evening Price Update

Cargoes trading ended firm with fuel oil cargo surging by USD8-9/MT while gasoil cargo climbed by USD1.20/BBL. All delivered prices were quoted much higher, back by more gains shown on the crude futures. Meantime, our bunker indications are revised upward for all grades, amid above average demand.

Morning Commentary

NYMEX Crude price for April dipped marginally last night to settle at USD48.17/BBL while ICE Brent for April concluded firm by gaining USD1.15/BBL. This has for some reason pushed up paper values in Singapore today. Both fuel oil and gasoil papers opened by USD8.00/MT and USD0.90/BBL respectively. If crude futures were to stay firm again, cargoes will likely tag along and make more expensive offers. Meantime, our bunker indications are revised upward for all grades.


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

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