World News
Crude Futures Rise
by Mohammed Marzuq, 
Monday February 22, 2016
Crude futures rallied heavily today as the IEA stated shale producers could likely cut output by 600k barrels per day.
Oil prices also caught support from a firm equities market and negative data that the current U.S. oil rig count had fallen too 2009 levels.
Both Brent and NYMEX front month contracts settled up over 5% today causing bunkers to be firm 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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