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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.
15 Mar 2016 05:31 GMT





Wired Bunkering Pte. Ltd. logo. Evening Update

Cargoes trading ended much bearish, backed with more dip shown on the crude sentiments. Fuel oil cargo fell by USD12.50/MT, while gas oil cargo shed away by USD1.30/BBL. All delivered prices were quoted at very aggressive levels. Some requirements have opted to wait on the side-line. Possibly, the reason was demand was rather thin last few days. Meantime, our bunker indications are revised downward for all grades.

Morning Commentary

NYMEX Crude price for April fell weak last night and dipped by USD1.32/BBL while ICE Brent for May contract plunged lower by USD0.86/BBL. This has dragged down paper sentiment today. Both fuel oil and gasoil papers were talked weaker by USD4.25/MT and USD0.60/BBL respectively. We foresee delivered pricing will be making cheaper and possibly aggressive levels today as its gap has widened between contracted and spot prices. Meantime, our bunker indications are revised downward for all grades.


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

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