Crude Prices Make a Sour Start to the Week

by George Belekos, KPI Bridge Oil
Monday January 9, 2017

Crude prices got a sour start to the week as we may have witnessed the first chink in the armor of OPECs agreement.

Oil exports from southern Iraq reached a record high in December causing concern over the feasibility of the proposed cuts coming from other parts of the country.

The increasing US rig count also continues to put pressure on prices and today's slip saw prices tumble 4%.

As a result bunker prices were softer 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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