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Praxis Market Update
Yannis Filios, Praxis Energy Agents S.A.
05 Aug 2010 16:02 GMT





Praxis Energy Agents S.A. logo Crude oil prices came to a tentative halt with levels posting a high of USD 82.94 per barrel, before consolidating around USD 81.84 per barrel today.

In Singapore, earliest delivery is around the 9th of August due to tight barging schedules over the next few days. Moreover, it should be noted that 9th is a national holiday and many offices in Singapore will remain closed, thus requirements should be fixed in advance.

In Busan, earliest delivery date is set for end of this week onwards, with product availability and delivery schedules reported as sufficient.

In Hong Kong, prompt delivery is possible with majority of suppliers offering earliest for 7th–8th August.

In Constanta, a key player has tight delivery schedule for low sulphur distillate products until end of next week.

In Durban, an oil major reported product insuffiency on fuel oil, whereas resupply date is uncertain.


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Company: Praxis Energy Agents S.A.

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