BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry



« News Home
:: Monthly Archive

News Topics
:: Air Pollution
:: Agreements & M&A's
:: Alternative Fuels
:: BunkerBlog
:: Cargoes & Storage
:: Company News
:: Efficiency, Costs & Charges
:: Environment
:: Events
:: Financial
:: Fuel Quality & Testing
:: Lubes & Additives
:: Oil Spills
:: People
:: Port News
:: Projects
:: Regulation, Legal
:: Services, Products,Technology
:: Statistics & Research
:: Vessels

Regional Archive
:: Americas
:: Asia/Oceania
:: Europe
:: M.East/Africa


BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry
Home » News


Praxis Market Update
Nikos Siakavaras, Praxis Energy Agents S.A.
27 Mar 2017 13:34 GMT





Praxis Energy Agents S.A. logo. Oil was lower Monday as U.S. drilling activity continued to pick up. That outweighed talk about a possible extension of an output cut by major producers to address the global supply glut. U.S. crude was off 33 cents, or 0.69%, at $47.64 at 08:00 ET. Brent crude shed 25 cents, or 0.49%, to $50.67. Baker Hughes weekly data Friday showed an increase in the U.S. rig count of 21 to 652, the highest level since September 2015. OPEC and non-OPEC producers are cutting output by 1.8 million barrels a day in the first half. Adherents to the agreement met in Kuwait over the weekend to review compliance with the cuts and a possible extension of the accord beyond June. OPEC secretary-general Mohammad Barkindo expressed satisfaction with the "high level" of compliance with the cuts in the first two months of the year. He said he expects "very high levels of conformity" in the coming months. Some OPEC members along with Oman voiced support for a six-month extension of the cuts. But Russia asked for more time and market analysis.

Singapore: Avails are fair. Earliest supply from 29th of March onwards, and according to barge schedule.

Fujairah: Avails are fair. Earliest supply from 2nd -3rd of April onwards, and according to barge schedule.

Istanbul: Avails are good with earliest delivery dates from 29th-30th of March onwards, and according to barge schedule.


Related Links:

Company: Praxis Energy Agents S.A.

Latest News:

World Fuel Services bolsters UK bunker supply network with delivery vessel
Oil and fuel oil hedging market update
Brent surges above $80 to its highest level since November 2014
Sulphur 2020: CMA CGM to review fuel surcharge policy
DHT secures $50m scrubber financing
Shipping confidence dips on geopolitical fears: survey
Bunker One to start bunker deliveries offshore Gulf of Mexico
Quadrise plans to move MSAR production unit from Cepsa refinery
Quadrise has 'high degree of confidence' about securing equity funding
Oil and fuel oil hedging market update
Island Oil appoints bunker trader in Singapore
Oil prices start the week in an uptrend




Page Links:

Prices
Africa
Asia
Latin America
Middle East
North America
North Europe
South Europe
Index Summary
Price Highlights
Commentaries
Futures
Prices
Antwerp
Busan
Fujairah
Houston
Istanbul
Kaohsiung
Las Palmas
Maracaibo
New Orleans
Piraeus
Rio de Janeiro
Rotterdam
Santos
Singapore
News
Latest News
Blogs
Archive
Americas
Asia
Europe
Middle East
News
Air Pollution
Agreements & M&A's
Alternative Fuels
Cargoes & Storage
Efficiency, Costs & Charges
Environment
Events
Financial
Fuel Quality
Lubes & Additives
Oil Spills
People
Port News
Projects
Regulation/Legal
Services, Products, Technology
Statistics & Research
Vessels
Contact & Terms
Contact Us
Advertise
Terms & Conditions
Privacy Policy
Events
Upcoming Events