World News
Benchmarks Rise as Cushing Sees First Draw on Crude Stocks in Five Months
by Mohammed Marzuq, 
Wednesday April 29, 2015
The first draw on Cushing crude stocks in five months raised benchmarks to settling prices not seen since December.
Supporting the climb was a smaller than expected rise in US crude inventories stocking the fire that demand is growing.
However, as the summer driving season approaches and refinery production increases it can be argued that this is not the most bullish news.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 495.00 | 6.00 | 591.50 | 8.00 |
| Rotterdam | 446.00 | 7.00 | 591.50 | 4.00 |
| Houston | 437.50 | 0.00 | 586.50 | 10.50 |
| Fujairah | 484.00 | 6.00 | 698.00 | 5.50 |
| Global 20 Ports Average | 515.00 | 1.50 | 692.50 | 2.00 |
| Global 4 Ports Average | 465.50 | 4.50 | 617.00 | 1.00 |
| Global Average Bunker Price | 558.50 | 1.00 | 744.00 | 4.50 |
Popular Now More
-
May 05BP was listed by the MPA as being in the top ten of its licensed bunker suppliers by volume in 2024, and came in at seventh place in 2023 and sixth in 2022. -
May 06Vernon Jayanathan of Maritime Recruitment Company Ltd discusses how bunker employees and employers can deal with the job market during a slump in oil prices. -
May 05The executive had worked for Glander since June 2006.