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


Market Briefing
Michael Poulsen, A/S Global Risk Management Ltd.
18 Mar 2016 07:42 GMT





A/S Global Risk Management logo. Oil prices stay around 2016-high (Brent: $41.2).

Market focus continues to be at the upcoming OPEC/non-OPEC output freeze meeting in April. Expectations are building up that the parties will agree on an output freeze. The fact that the world's largest oil producers, Saudi Arabia and Russia will participate adds weight to the meeting even if Iran has announced it will not be present or part of the deal. The country is ramping up production after years of sanctions.

Saudi Arabia's January exports increased to 9-month high in January – 7.835 mio. barrels per day versus 7.486 mio. in December. Production was 10.230 mio. bpd versus 10.144 mio. in December. As some readers may recall, the output freeze deal would freeze the countries' output at January levels.

The weaker dollar after Fed reduced expected interest rate hikes this year from four to two also supports oil prices.

Venezuela is the first country to import U.S. crude oil after the 40-year-old ban on exports was lifted a few months ago. U.S. crude oil inventories remain at all-time highs though the speed of the build-up could be slowing down as producers face financial difficulties and close wells due to the low oil prices.

Turning to economic data, yesterday's euro zone inflation data remained unchanged at -0.2% while the core CPI improved slightly to 0.8% (from 0.7% previous). The U.S. Philadelphia Fed Manufacturing Index improved to 12.4 from -2.8 previous. Today sees Michigan Consumer Expectations and Sentiment along with a couple of Fed member speeches and the weekly oil rig count from Baker Hughes.


Related Links:

Company: A/S Global Risk Management Ltd.

Latest News:

Risk minimisation in uncertain times | Geos Group
Bunker Energy takes over Maxcom Bunker's commercial activities
World Fuel Services to launch Pacific Northwest supply operation
Oil and fuel oil hedging market update
Brent remains in the $60s this morning
Oil and fuel oil hedging market update
$60s are hard to hold
Silverstream hails air lubrication uptake ahead of 2020
Oil and fuel oil hedging market update
OPEC, non-OPEC oil producers agree to cut 1.2m bbl/d
Aegean secures final approval for initial set of motions
MoU signed to test fuel gas and bunkering systems in Busan




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