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BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry
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Oil prices had another volatile day yesterday

By A/S Global Risk Management.



Michael Poulson, Oil Risk Manager at A/S Global Risk Management. Image credit: A/S Global Risk Management


Updated on 15 Dec 2017 08:48 GMT

Continued crude oil outages of the North Sea Forties pipeline and the pipeline operator has declared force majeure on crude deliveries.

The International Energy Agency (IEA) released its monthly oil market report yesterday, and among other things, the agency stated that "Total supply growth could exceed demand growth: indeed, in the first half the surplus could be 200,000 barrels per day before reverting to a deficit of about 200,000 barrels per day in the second half, leaving 2018 as a whole showing a closely balanced market". Read the report,

The European Union is in the midst of Brexit talks, other than that no major economic news today.

Later tonight, the weekly oil rig count from Baker Hughes will be followed closely for indication of continued growth in the number of active oil rigs in the U.S.



A/S Global Risk Management is a provider of customised hedging solutions for the management of price risk on fuel expenses. The company has offices in Denmark and Singapore. For further details about its risk management products and services, please call +45 88 38 00 00 or email hedging@global-riskmanagement.com.






Related Links:

Once again US crude production reaches three-decade output high
A/S Global Risk Management Ltd.

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