Brent Down 7% Since the Start of July

by Marisa McGuire, KPI Bridge Oil
Tuesday July 15, 2014

A seven percent decline in Brent crude oil prices since the start of July has anchored bunker prices down in the primary ports globally.

The expiry of the August Brent contract and apparent easing tensions in the Middle East softened the energy complex too new lows.

Bunker buyers have started to see the number "5" in front of many quotations around the world and can expect it to stay that way, near term.

One ship owner was so excited over the new low bunker prices that he exclaimed, "I'm going to wash up with it tonight." Please do not try this at home, but we like the enthusiasm.

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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