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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.
25 Mar 2015 09:44 GMT





Wired Bunkering Pte. Ltd. logo. Evening Price Update

All paper values were trading weaker compared to this morning. Thus, it probably dragged down the cargo offerings slightly. Both fuel oil and gasoil cargo fell lower by USD2-3/MT and USD0.60/BBL respectively. Delivered market was offering more aggressive than thought, though crude sentiment was showing steady earlier. Meantime, our bunker indications are revised moderately downward for all grades, amid average demand.

Morning Commentary

Crude futures for May concluded a little mixed last night. WTI Crude price gained marginally by USD0.06/BBL while ICE Brent dipped by USD0.81/BBL. Both values are showing slight change just moments ago. In Singapore, fuel oil paper opened weaker by almost USD1.50/MT while gasoil paper was pegged lower by close to USD0.50/BBL. Delivered market will likely remain steady to softer today. Meantime, our bunker indications remain unchanged for all grades.


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

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