Brent Down as Lack of Demand in the Energy Complex Continues

by Tim Bonett, KPI Bridge Oil
Tuesday August 26, 2014

A mixed bag of indicators had Brent crude oil trading as positive as $0.75/bbl only to settle the day in negative territory.

An optimistic US consumer spending report was offset by the worlds continued over supply of energy products.

Despite the geopolitical tensions in Ukraine, Syria, Iraq, and Libya this lack of demand in the energy complex has kept the recent fall in crude prices sustainably lower.

If true supply and demand fundamentals come back into play bunker buyers might hopefully get the long overdue correction they have been waiting for in the fuel market.

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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