Bunker Prices Soft as Brent and WTI Decline

by George Belekos, KPI Bridge Oil
Monday April 7, 2014

Both Brent and WTI declined today as Libyan rebels have agreed to give control of two oil ports to the government. 

The self-declared Executive Office for Barqa returned the oil terminals of Hariga and Zueitina last night and is planning to return the other two ports they control in two to four weeks time. 

As such, it is widely expected that exports will once again return to normal from Libya in the coming months. 

Additional pressure was put on oil prices by a broad market sell off in equities.  Bunker prices are softer 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.

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