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BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry
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Praxis Market Update
Dimitris Mertikas, Praxis Energy Agents S.A.
07 Jun 2010 14:20 GMT





Praxis Energy Agents S.A. logo Crude extended its losses towards USD 70/bbl, with USD gaining more ground against the Euro, soon after the recent news regarding the Hungarian economy, which spurred concerns for a deepening debt crisis in the Euro zone.

Bunker markets made a rather numb opening, as participants still monitor for further effects in the commodity sector considering current developments.

In Singapore, most players reported fully booked schedules until the 11th of June.

In Fujairah, one player mentioned tight barge avails for early next week deliveries.

In Ceuta, delivery schedules are looking good for arrivals dated 11th onwards.

In Busan, earliest delivery dates range from 8th-9th of June, as demand continues to move below average according to local sources.


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Company: Praxis Energy Agents S.A.

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