World News
Oil Prices Creep Up Higher
Tuesday October 18, 2016
Oil prices crept up higher today after receding over the last two sessions.
WTI finished above the psychological $50/bbl line but all eyes will be on tomorrow inventory report.
Expectation are for a another draw but judging by today's movement the market is taking a wait and see approach.
Bunker prices were stable to firm in the primary ports.
WTI November $50.29/BBL UP $0.35/BBL
Brent December $51.68/BBL UP $0.16/BBL
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 460.00 | 2.50 | 729.00 | 1.00 |
| Rotterdam | 436.50 | 9.00 | 705.50 | 16.50 |
| Houston | 442.00 | 0.00 | 672.50 | 1.00 |
| Fujairah | 454.00 | 0.50 | 741.50 | 6.00 |
| Global 20 Ports Average | 491.00 | 2.00 | 777.00 | 3.50 |
| Global 4 Ports Average | 448.00 | 3.00 | 712.00 | 2.50 |
| Global Average Bunker Price | 537.50 | 0.50 | 812.50 | 4.00 |
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Oct 28Global Partners will offer HSFO, VLSFO and LSMGO via two newbuild barges from Blessey Marine Services, a company representative tells Ship & Bunker. -
Oct 30Beijing says both countries will suspend maritime measures imposed on each other for one year. -
Oct 29The firm is developing structured logistics for small-scale LNG bunkering and distribution, a company representative tells Ship & Bunker.