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Praxis Market Update
Dimitris Mertikas, Praxis Energy Agents S.A.
03 Jun 2010 15:08 GMT





Praxis Energy Agents S.A. logo Oil market saw a higher opening in early trading hours today, as API data on US inventories came to support the barrel from a further drop estimating a higher than expected decrease in stockpiles.

In Singapore, delivery schedules still look good enough for mid-next week arrivals since after the market's last peak demand was kept below average.

In Fujairah, most suppliers were competing aggressively for 380cst requirements, even for close dates to attract buying interest.

In Ceuta, schedules are still reported tight by some players until the 10th of June, whereas one advised to be out of 180cst stock.

In Hong Kong, earliest delivery date was reported generally for the 5th onwards.


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Company: Praxis Energy Agents S.A.

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