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Praxis Market Update
Dimitris Mertikas, Praxis Energy Agents S.A.
10 Feb 2010 14:48 GMT





Praxis Energy Agents S.A. logo Soon after a shift towards USD 74/bbl on speculation of an EU intervention regarding the debt crisis of southern european countries and a weaker us dollar, prices started to soften ahead of the weekly US inventory report, which is expected to present a buildup in stockpiles, spurring new concerns regarding the pace of the global economic recovery.

In Singapore, some players were offering even for arrivals on last week of February, but with quite inflexible margins on their pricing.

In Piraeus, one key player reports fully booked schedule until the 15th.

In Malta, offshore deliveries are facing difficulties due to bad weather conditions, though no serious disruption was yet mentioned.

In Kohsichang, some suppliers report tight schedules until the 18th.

In Ho Chi Minh, earliest delivery date is presently the 19th as per last local updates.


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Company: Praxis Energy Agents S.A.

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