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Praxis Market Update
Nikos Siakavaras, Praxis Energy Agents S.A.
05 May 2017 13:22 GMT





Praxis Energy Agents S.A. logo. U.S. oil prices bounced off a six-month low on Friday, but the commodity remained under pressure amid sustained global supply glut concerns. U.S. crude futures for June delivery were steady at $45.46 a barrel, off the six month low of $43.77 hit overnight. On the ICE Futures Exchange in London, the July Brent contract added 0.17% to $48.47 a barrel, after hitting a six-month trough of $46.65 earlier in the session. Crude prices came under broad selling pressure after the U.S. Energy Information Administration said in its weekly report that crude oil inventories fell by 930,000 barrels in the week ended April 28, a much smaller draw than expected.

Singapore: Avails are fair. Earliest supply from 12th of May onwards, and according to barge schedule.

Fujairah: Avails are fair. Earliest supply from 15th of May onwards, and according to barge schedule.

Istanbul: Avails are good with earliest delivery dates from 6th-7th of May onwards, and according to barge schedule.


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Company: Praxis Energy Agents S.A.

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