Brent at its Lowest Since June 2012

by George Belekos, KPI Bridge Oil
Tuesday October 7, 2014

Like fans at a NY Jet's game, the speculators are once again heading for the exits. 

We have not seen crude oil prices this low for Brent since June 2012. Where will the bottom be at this point? 

It appears that the economies of the world are once again weakening and demand will decline for oil products. 

Inventories are out tomorrow and expectations are for builds in crude and declines products with refinery runs being below 90%. 

Until demand is clearly back, bunker buyers should be waiting to make purchases as long as they can, keeping good contact with their broker to make sure availability is not an issue in port.

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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