Bunker Prices Jump as Oil Prices Increase

by Marisa McGuire, KPI Bridge Oil
Thursday July 17, 2014

Oil prices increased today causing bunker prices to jump worldwide. 

Yesterday's dramatic decline in crude inventories was still being digested when new sanctions were being imposed on Russia

Follow that up with a Malaysian Airlines plane allegedly being shot out of the sky over Ukraine and we have a shift in oil price trends. It does not take long for things to change. 

A week ago we were looking at a declining trend, now with potential geo-political problems once again coming to a head we could see a serious increase in prices. 

Bunker buyers should clear their desk of any pending requirements till the dust settles on this situation.