Brent - WTI Spread Widens as Houston Ship Channel Reopens

by Tim Bonett, KPI Bridge Oil
Tuesday March 25, 2014

Today the Houston Ship Channel slowly began to reopen to limited traffic after being closed since Saturday due to a collision between a bulker and barge resulted in the spill of oil.

The spill has raised  questions as to how much infrastructure the channel can handle and if companies should spread export capacity to other areas and ports to diversify risks.

Loaded ships have been stuck inside the port since the weekend while ships needing to load or discharge products have remained shut out.

Brent rose slightly, $0.18/bbl to $106.99/bbl on continued geopolitical concerns while WTI was pressured by a stronger dollar, retreating $0.41/bbl to $99.19/bbl. Bunker prices were stable 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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