World News
Crude Benchmarks Make Sluggish Start to the Week
by Tim Bonett, 
Monday September 14, 2015
Crude benchmarks got off to a sluggish start to begin the week.
The dollar remains strong and investors remain risk adverse to the current market conditions.
OPEC released mixed figures on oil demand expectations for 2015 and 2016.
Expectations in the short term is for a slight uptick in growth while the long term was not as rosy.
By days end both benchmarks were in the red while bunker prices in most primary ports followed suit.
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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