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Singapore Market Commentary
Liow Liak Hong, Wired Bunkering Pte. Ltd.
16 Nov 2015 07:55 GMT
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|  Evening Price Update
Cargo assessment ended with some dips, notably fuel oil cargo fell by USD3.50/MT while gasoil cargo went lower by about one US dollar PMT. All delivered prices were quoted cheaper, but buyers were asking for much lower. However, crude futures are showing positive gains since this morning, in which not many were willing to lower their offering levels. Meantime, our bunker indications are revised downward slightly for all grades, amid average demand.
Morning Commentary
Crude futures for January contracts settled weak last Friday. WTI Crude dipped by USD1.03/BBL while ICE Brent shed USD0.72/BBL. This has dragged down paper swaps this morning. Both fuel oil and gasoil paper opened softer by USD4.25/MT and USD0.90/BBL respectively. As a result, our bunker indications are revised downward for all grades. |
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