World News
Brent Contracts for December Mostly Flat
by Mohammed Marzuq, 
Tuesday October 20, 2015
Crude futures were softer today following yesterdays momentum on news that China's growth had slowed down significantly.
The expiry of WTI contracts for November delivery settled down nearly 1% while Brent contracts for December were flat most of the day.
This weeks EIA data should give the market some direction for the remainder of the week.
Iranian sanctions potentially lifting could pump excess amounts of oil into an over saturated market pushing future crude oil prices even lower.
Bunkers were mostly flat today.
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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