World News
Bunkers Steady as Crude Future Make Small Gains
by Tim Bonett, 
Wednesday November 18, 2015
Crude front month contracts were mixed today as speculators anticipated a build of 2 million barrels in U.S. surplus but those expectations were quickly dampened after EIA data showed a build of 8 times less than expected.
Inventories rose 250,000 barrels last week bringing U.S. surplus just shy of 490 million barrels.
WTI contracts for December delivery firmed $0.08 cents by the end of the trading day after falling under the $40.00 threshold earlier on.
Brent front month contracts caught some support from a weaker dollar and helped push January delivery prices up $0.58 cents per barrel.
Bunkers were mostly 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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