Crude Market Stable

by George Belekos, KPI Bridge Oil
Thursday August 28, 2014

A stable crude market has created a floor under bunker prices near term in the primary ports.

Several days of sideways news has left many suppliers comfortable quoting in the same $5/mt range, making it difficult to push the market down beyond a certain level.

Most analysts agree that the worlds crude oil supply will be far greater than global demand for energy, which should be good news for bunker buyers, but unclear as an indicator on the health for the overall global economy.

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.

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