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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.
17 Mar 2016 05:20 GMT





Wired Bunkering Pte. Ltd. logo. Evening Update

Tracking gains in crude prices, cargo trades closed much higher, extending its earlier paper gains. Fuel oil cargo surged by USD 14.00/MT, while gas oil cargo rose by USD 2.30/BBL. Our bunker indications are revised higher for all grades amid average demand.

Morning Commentary

April NYMEX WTI and ICE Brent May crude futures surged higher upon closing last night on news of impending output freeze by major oil producers including OPEC members. Both crude futures continued their upward trend this morning. Papers were bullish today on the back of accelerating crude prices with fuel oil and gasoil gaining USD 11.00/MT and USD 2.15/BBL respectively. Our bunker indications, in the meantime, are revised higher for all grades.


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

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