Quiet Day for Crude as Brent Trades Flat

by George Belekos, KPI Bridge Oil
Tuesday September 23, 2014

A slow news day in the energy complex had Brent crude oil trading flat even with news breaking about an unexpected rise in Chinese factory activity.

An oversupplied oil market without supply disruptions or major weather activity should equal less expensive bunkers, near term for buyers.

As we get closer to the end of November and the predictions start to mount on whether or not OPEC will cut supply output, at that time, there could be a shift upward in prices for bunker buyers.

Geo-political events between now and then should also be monitored carefully as the United States becomes more militarily involved in the Iraq / Syria region.

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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