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Wed 4 Nov 2015, 10:37 GMT

Rotterdam Market Report


Market report from Marine Bunkering (Rotterdam) B.V.

Crude:

Crude prices rose about 4 percent on Tuesday as a rally in U.S. gasoline and diesel added support to oil markets already boosted by an industry strike in Brazil and force majeure for Libyan crude loadings. The rebound, after a 1 percent drop in crude prices on Tuesday, came ahead of industry group American Petroleum Institute's (API) data on U.S. oil inventories, which were expected to a build in crude stockpiles. An oil workers' strike in Brazil, the ninth biggest global producer, that began on Sunday cut around half a million barrels of output in the first 24 hours and has slowed state-run Petrobras' daily oil output by around 25 percent, according to the union.

In Libya, the export terminal at the eastern port of Zueitina was closed and force majeure has been declared on crude oil loadings, market sources said.

Oil prices have been trending higher since late October on suggestions of declining U.S. shale oil production.

Bunker Market:

Market up in line with crude. No loading problems reported.

Dutch time: 11.00 hrs

Fuel oil RMG 380 HS: 3.5%: USD 229-232

Marine Gas Oil DMA .89/ LS 0.1%: USD 432-434

ULS fuel oil: USD 400-405.

MGO   Petrobras   Netherlands  Rotterdam (NL) 
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