Singapore Market Commentary (with evening update)

Mon 26 Nov 2012, 05:38 GMT

Singapore Market Commentary (with evening update)

Evening Price Update

Fueloil cargo closed higher by USD 4/MT while Gasoil cargo value went up by around USD 0.80/BBL this afternoon. Our Bunker indication remains broadly unchanged for Fueloil and was revised higher for MGO.

Morning Commentary

Both NYMEX and WTI January crude futures closed firmer last Friday but were edging lower this morning.

Upon opening today, paper trading was firmer with Fueloil gaining by USD $4.05/MT and Gasoil also higher, but by USD 1.00/BBL. Our bunker indication in the meantime, is adjusted higher for all grades.

MGO Singapore Singapore (SG)


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		Fratelli Cosulich Bunkers receives MPA harbour craft workforce award Bunkering firm recognised for its support of Singapore's maritime training programme.

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