World News
Crude Benchmarks Rise for a Second Straight Day
by Tim Bonett, 
Thursday August 4, 2016
Crude benchmarks rose for a second straight day despite concerns over the supply situation.
There is speculation that today’s movement is due to traders closing profitable bets that crude would lose ground but the flip side of the market is hopeful that drillers remaining on the sideline for the time being will push crude upward.
After a very volatile week bunker prices were quite firm in the primary ports.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 511.00 | 11.50 | 602.50 | 10.00 |
| Rotterdam | 479.00 | 1.00 | 618.50 | 1.50 |
| Houston | 464.50 | 4.00 | 615.50 | 5.00 |
| Fujairah | 506.00 | 2.50 | 703.50 | 7.50 |
| Global 20 Ports Average | 532.00 | 4.50 | 708.50 | 4.00 |
| Global 4 Ports Average | 490.00 | 4.50 | 635.00 | 6.00 |
| Global Average Bunker Price | 570.00 | 1.00 | 752.50 | 6.00 |
Popular Now More
-
May 22The outgoing manager has worked for the company since June 2014. -
May 23The new hire previously worked for Dan-Bunkering in its Houston office since 2018. -
May 22About a third of biofuel samples collected by the GCMD appear to have been mislabelled.