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Praxis Market Update
Ana Petrovic, Praxis Energy Agents S.A.
13 Nov 2015 15:25 GMT





Praxis Energy Agents S.A. logo. Brent crude edged up from a sharp drop on Friday, but was on track for the biggest weekly loss in more than two months as swelling stocks weighed on the market. The International Energy Agency said there was a record 3 billion barrels in tanks worldwide. Brent crude was trading 70 cents higher at $44.76 per barrel at 0528 ET. It was on track for a more than 5 percent weekly loss.

U.S. crude was 15 cents higher at $41.90 a barrel. The IEA, in its Monthly Oil Market Report, said that ballooning global stockpiles of crude and oil products could worsen the overhang into next year.

Singapore: Demand was average and avails fine. Prompt deliveries possible. The earliest dates for deliveries were from 15th-16th of November.

Fujairah: Avails are fine. Earliest deliveries from 15th-16th of November onwards, according to barge schedules.

Istanbul: Avails are fine. Earliest deliveries from 15th of November onwards, according to barge schedules.


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Company: Praxis Energy Agents S.A.

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