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Praxis Market Update
Dimitris Mertikas, Praxis Energy Agents S.A.
24 Feb 2010 15:25 GMT





Praxis Energy Agents S.A. logo Crude is hovering around USD 79/bbl, as yesterday's drop was halted by latest reports estimating an unexpected fall in last week’s U.S inventories, which is expected to be verified in the upcoming EIA figures as well.

In Singapore, demand from end users was below average despite improved price levels in all fuel oil grades.

In Las Palmas, competition between key suppliers has lead to a significant decrease in prices.

In Panama Canal, prices were slightly affected by dropping crude levels as barging schedules remain tight for the majority of physical suppliers.

In Callao fuel oil grade availability is again healthy as fresh cargo is well in place.

In Hong Kong, local sources report tight heavy fuel stocks until further notice of replenishment.


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Company: Praxis Energy Agents S.A.

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