Crude Continues Down, OPEC Not Expected to Cut Output

by George Belekos, KPI Bridge Oil
Monday October 13, 2014

The entire energy complex continues to freefall as OPEC is expected not to cut output in their upcoming meeting.

No hurricanes in the US Gulf and a glut in crude has sent bunker prices way down.

Energy equities are taking a beating and along with the Ebola fears globally, the US stock market has shed more than 700 points since the start of October.

Volatility is back and for the moment seems to be in favor of the bunker buyers.

The best thing to do is to stem it with your broker in the morning, before suppliers get a feel for where the current market levels are and adjust accordingly. It's a buyers market, have some fun!

About KPI Bridge Oil

KPI Bridge Oil is one of the world's leading international bunker broking and trading firms. With a network of offices that covers every major time zone, we have an in-depth knowledge of ports and bunker markets around the world. Our access to real-time market information and long-established credit lines with suppliers means we use our buying power in the right place and at the right time. All this ensures our customers enjoy competitive prices - and on favourable terms.

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