Energy Complex Softens as Saudi Arabia Continues to Sell "Discounted Barrels"

by George Belekos, KPI Bridge Oil
Thursday December 4, 2014

The energy complex softened during the days trading as Saudi Arabia continues to sell "discounted barrels" to the United States and FE countries.

This price war is welcomed by bunker buyers and should continue to push down fuel prices, near term.

Crude oil's slide downward was halted by a weakening US dollar on the prospect of a new economic stimulus in the Euro Zone.

A soft dollar usually contributes to a strengthening in dollar denominated commodities, like crude oil.

As we continue to day, there will be volatility but expect prices to soften even more soon.

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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