World News
U.S. Inventory Build Puts Crude Futures Under Pressure
by Mohammed Marzuq, 
Thursday March 3, 2016
Crude futures were pressed today as the toll of a 10.4 million barrel build in U.S. inventories weighed on the market.
News out of the east showed that a key pipeline for Russian and Chinese trade was down due to power failure, which helped curb crude prices from falling deeply into the red.
Bunkers were relatively steady today in the primary ports.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 510.00 | 2.50 | 611.00 | 4.00 |
| Rotterdam | 477.00 | 1.00 | 618.50 | 4.00 |
| Houston | 469.50 | 0.50 | 610.00 | 2.00 |
| Fujairah | 501.50 | 1.50 | 708.50 | 3.50 |
| Global 20 Ports Average | 532.00 | 2.00 | 711.50 | 0.00 |
| Global 4 Ports Average | 489.50 | 0.50 | 637.00 | 0.50 |
| Global Average Bunker Price | 571.00 | 1.00 | 759.00 | 0.50 |
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