World News
Brent Crude Oil Prices Continue to Fall
by George Belekos, 
Tuesday July 8, 2014
Brent crude oil prices continued to fall during the days trading on the prospect of Libya’s oil exports rising.
Supply disruptions from Iraq have eased and the stars were aligned for a pull back in the energy complex.
The potential for conflict in Israel seems high and likely, and we think bunker buyers should take advantage of this recent market softness.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 471.50 | 7.00 | 737.00 | 1.50 |
| Rotterdam | 434.00 | 0.50 | 705.00 | 4.00 |
| Houston | 446.00 | 0.50 | 674.50 | 5.00 |
| Fujairah | 464.50 | 5.50 | 747.00 | 2.00 |
| Global 20 Ports Average | 495.00 | 4.00 | 780.00 | 1.50 |
| Global 4 Ports Average | 454.00 | 3.50 | 716.00 | 1.00 |
| Global Average Bunker Price | 533.50 | 3.50 | 817.00 | 4.50 |
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Nov 04Northstar tells Ship & Bunker it will expand its operational coverage to include the English Channel, UK East Coast and other locations. -
Oct 28Global Partners will offer HSFO, VLSFO and LSMGO via two newbuild barges from Blessey Marine Services, a company representative tells Ship & Bunker.