World News
Brent Premium Spread Smallest Since April
by Tim Bonett, 
Monday September 15, 2014
The dollar had picked up enough steam lately that a correction today made WTI a somewhat attractive buy.
This temporary bump brought the Brent premium spread to the smallest level since April.
Gloomy economic news out of China and Europe continued Brent's slide to start the week.
China was particularly disappointing as industrial production has slowed to 2008 levels in the worlds second-largest oil consumer.
Bunker prices are still looking favorable for the foreseeable future.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 655.50 | 2.00 | 808.50 | 4.50 |
| Rotterdam | 619.00 | 0.00 | 789.00 | 8.00 |
| Houston | 628.50 | 7.50 | 812.50 | 1.50 |
| Fujairah | 653.50 | 4.50 | 900.00 | 2.50 |
| Global 20 Ports Average | 672.00 | 0.50 | 885.00 | 7.00 |
| Global 4 Ports Average | 639.00 | 2.50 | 827.50 | 2.00 |
| Global Average Bunker Price | 727.50 | 1.50 | 933.50 | 5.00 |
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