BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry



« News Home
:: Monthly Archive

News Topics
:: Air Pollution
:: Agreements & M&A's
:: Alternative Fuels
:: BunkerBlog
:: Cargoes & Storage
:: Company News
:: Efficiency, Costs & Charges
:: Environment
:: Events
:: Financial
:: Fuel Quality & Testing
:: Lubes & Additives
:: Oil Spills
:: People
:: Port News
:: Projects
:: Regulation, Legal
:: Services, Products,Technology
:: Statistics & Research
:: Vessels

Regional Archive
:: Americas
:: Asia/Oceania
:: Europe
:: M.East/Africa


BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry
Home » News


Singapore Market Commentary (with evening update)
Liow Liak Hong, Wired Bunkering Pte. Ltd.
26 Aug 2010 06:04 GMT





Liow Liak Hong, Wired Bunkering Pte. Ltd. Evening Price Update

Cargoes assessment ended firmer this afternoon upon Market-On-Close. Fueloil cargo surged by about USD5.50/MT while Gasoil cargo closed higher by around USD1.00/BBL. As expected, delivered prices were quoted more expensive.

WTI Access trading is still showing positive gains in which it climbed to its peak at USD73.32/BBL earlier. Meantime, our bunker indication is revised upward for all grades, amid below average demand so far.

Morning Commentary

NYMEX Crude price rebounded last night to conclude at USD72.52 a barrel. WTI Access trading is firming up with more gains this morning, thus pushing up Papers sentiment.

Both Fueloil and Gasoil papers were pegged firmer by USD2.50/MT and USD0.75/BBL respectively. This will possibly stimulate the bunker market to sell higher if Cargoes trading can further support this trend. Meantime, our bunker indication is revised slightly upward for all grades.


Related Links:

Company: Wired Bunkering Pte. Ltd.
Country: Singapore
Port: Singapore

Latest News:

Verifavia signs up Wallem and Seaborn
The lowdown on bunker spill paperwork required in Singapore
MEPC 73: HFO ban events scheduled
Oil and fuel oil hedging market update
Brent climbs above $80 as supply concerns take centre stage
MEPC 73: IMO must renew commitment to Arctic HFO ban | CAA
IMO launches toolkits to tackle ship and port emissions
Bunker-saving JIT study presented at IMO HQ
Working group to finalize Initial Strategy programme for MEPC 73
Oil and fuel oil hedging market update
Bunker issues pack MEPC 73 agenda
Volatility around $80




Page Links:

Prices
Africa
Asia
Latin America
Middle East
North America
North Europe
South Europe
Index Summary
Price Highlights
Commentaries
Futures
Prices
Antwerp
Busan
Fujairah
Houston
Istanbul
Kaohsiung
Las Palmas
Maracaibo
New Orleans
Piraeus
Rio de Janeiro
Rotterdam
Santos
Singapore
News
Latest News
Blogs
Archive
Americas
Asia
Europe
Middle East
News
Air Pollution
Agreements & M&A's
Alternative Fuels
Cargoes & Storage
Efficiency, Costs & Charges
Environment
Events
Financial
Fuel Quality
Lubes & Additives
Oil Spills
People
Port News
Projects
Regulation/Legal
Services, Products, Technology
Statistics & Research
Vessels
Contact & Terms
Contact Us
Advertise
Terms & Conditions
Privacy Policy
Events
Upcoming Events