Crude Up as OPEC Output Falls

by George Belekos, KPI Bridge Oil
Tuesday May 24, 2016

OPEC member output fell following maintenance issues which firmed up Brent crude oil prices during the days trading.

US light sweet crude oil prices were also firm on the expectation that Canadian wild fires will cause more of a draw in US inventories.

The march toward $50/bbl continues and bunker buyers should beware that the price risk still remains to the upside.

We recommend fixing bunker orders as far out as possible.

Bunkers were firm today in the primary ports.

About KPI Bridge Oil

KPI Bridge Oil is one of the world's leading international bunker broking and trading firms. With a network of offices that covers every major time zone, we have an in-depth knowledge of ports and bunker markets around the world. Our access to real-time market information and long-established credit lines with suppliers means we use our buying power in the right place and at the right time. All this ensures our customers enjoy competitive prices - and on favourable terms.

To contact the editor responsible for this story email us at editor@shipandbunker.com