World News
Crude Ends Day Mostly Flat
by Tim Bonett, 
Wednesday June 1, 2016
Crude benchmarks were weighed down early morning on production news out of the Middle East.
However, a surprise move out of OPEC pared most losses as the group will be discussing an output ceiling on Thursday.
A deal would show some form of unification among a group that has had recent trouble in coming to a consensus.
Bunker prices were mostly stable in the primary ports.
WTI July $49.01/bbl (Down -$0.09)
Brent August $49.72/bbl (Down -$0.17)
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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