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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.
18 Mar 2016 05:36 GMT





Wired Bunkering Pte. Ltd. logo. Evening Update

Cargoes assessment closed mixed upon Market-On-Close. Fuel oil cargo dipped by about USD1.25/MT, while gas oil cargo gained marginally by about USD0.15/BBL. Delivered prices were still heard competing cheaper, though crude sentiment has shown some gains earlier. Meantime, our bunker indications are revised upwards only on the distillates, amid average demand.

Morning Commentary

Crude futures for May contracts surged strongly last night. NYMEX Crude price settled at USD41.66/BBL (+1.66/bbl) while ICE Brent rose sharply and concluded at USD41.54/BBL (+1.21/bbl). Both values are shoing steady with marginal change. Yet, papers market was pegged mixed today. Fuel oil paper opened weaker by USD0.75/MT and gasoil paper was valued firmer by USD0.30/BBL. Meantime, our bunker indications remain unchanged for all grades till we see how cargoes trading will react later this afternoon.


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

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