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.
05 Nov 2015 09:45 GMT





A/S Global Risk Management logo. Oil prices fall below $50 on mixed oil report, Fed comments (Brent: $48.8)

Yesterday's weekly U.S. oil inventory report showed crude oil build for the 6th week in a row sending oil prices back below $50-level. Gasoline and distillates inventories saw draws.

Release: EIA oil data (Consensus)

Crude: 2.847M barrels (2.787M)
Distillates: -1.300M barrels (-1.767M)
Gasoline: -3,300M barrels (-0.969M)
Refinery utilization: 1.10%

Markets interpreted comment by Fed’s Janet Yellen: "…At this point, I see the U.S. economy as performing well…" as increased possibility that there could be an interest hike as soon as December. Along with improved job numbers (ADP nonfarm employment change at 182K versus 180K expected) and ISM non-manufacturing PMI (59.1 versus 56.5 forecast) the dollar increased to 3-month high, which weighed on oil prices. Now eyes are on Friday’s job report for confirmation of the uptick data.
Strikes continue to affect Brazil's oil output and there is no outlook for a swift solution. Note, we have a correction from yesterday's briefing: Brazil is not an OPEC-member, but is among the largest oil producers in the world.

Today is full of European economic data, among others the ECB Economic Bulletin, Draghi speech, interest rate decision in the UK - also a couple of Fed members speak later today.


Related Links:

Company: A/S Global Risk Management Ltd.

Latest News:

Nine-month high: Singapore sees rise in bunker calls as percentage of ship arrivals
Oil and fuel oil hedging market update
Pegasus has bunker craft operator licence revoked in Singapore
Singapore Q2 bunker sales lower than in 2016
Oil rises a second consecutive day but ends the week much lower
Singapore H1 bunker sales surpass 25m tonnes for first time
Brightoil explains how new exchange rules could affect its listing status
Oil and fuel oil hedging market update
Wartsila inks EUR 170m deal to retrofit scrubbers
Singapore bunker sales up YoY... but second-lowest in 16 months
Brent oil price remains below $75 as mixed news hits the market
New Enginei feature helps operators optimize speeds and fuel efficiency




Page Links:

Prices
Africa
Asia
Latin America
Middle East
North America
North Europe
South Europe
Index Summary
Price Highlights
Commentaries
Futures
Prices
Antwerp
Busan
Cape Town
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