Brent crude futures

Asia Crude: Key Market Indicators for Aug 22-26

Crude oil prices could face further downward pressure over Aug. 22-26 as investors keep an eye out for progress on an Iranian nuclear deal and as Russia’s crude exports continue to prove more resilient than expected, reports Platts.

Front-month ICE October Brent crude futures stood at $95.80/b at 0240 GMT Aug. 22, down 92 cents/b (0.95%) from the Aug. 19 settlement.

Middle East
  • Trade activity for October-loading crude cargoes could ease this week, though some Asian buyers could still seek Middle...

https://mfame.guru/asia-crude-key-market-indicators-for-aug-22-26/

American Bunker Market Witness Spike in Spot Fuel Prices

Key ports throughout the Americas saw spot retail marine fuel pricing climb during the week January 4-8, with bunkers values tracking stronger US energy futures higher, reports Platts.

Latin America

Latin America bunker prices are starting the week supported by an energy complex that saw ICE Brent futures jump 9.6% from January 1 to January 8, and a 9.4% climb in wholesale marine fuel 0.5%S on the US Gulf Coast.

Advances were more moderate in the region, dictated by countries’ fundamentals.

Marine...

https://mfame.guru/american-bunker-market-witness-spike-in-spot-fuel-prices/

US Fuel Prices Hit An ‘Year High’ Amid Limited Supplies

USGC marine fuel reached its highest level in nearly a year January 7 on a rebound in the underlying crude complex along with limited blending components, reports Platts.

US marine fuels climb high

USGC marine fuel 0.5%S was assessed at $401/mt, its highest since February 25 when it was assessed at $403.25/mt, S&P Global Platts data showed. Much of this outright price rebound has stemmed from a similar increase in crude that took hold in November.

On November 6 the ICE front-month Brent futures...

https://mfame.guru/us-fuel-prices-hit-an-year-high-amid-limited-supplies/

Oil Prices Overturn Some Losses Amid Demand Concerns

  • Oil futures clawed back some of the losses they sustained in the previous session.
  • Anyways a rebound in COVID-19 cases in some countries undermined hopes for a steady recovery in global demand.
  • The Brent benchmark dropped more than 5% to fall below $40 for the first time since June.
  • U.S. crude rose $1.29, or 3.5% to settle at $38.05 a barrel, having fallen nearly 8% in the previous session.
  • U.S. crude oil production is expected to fall 870,000 bpd to 11.38 million bpd this year, a less steep...

https://mfame.guru/oil-prices-overturn-some-losses-amid-demand-concerns/

Oil Price Surge Owing To a Five-Month High US Crudes

Oil slips as rise in coronavirus cases overshadows fuel demand recovery, reports Reuters.

Brent futures cascade

Oil prices edged higher on Tuesday, with Brent on track for a five-month high, on hopes the United States is making progress on a new economic stimulus package and signs America may be making progress on curbing the spread of the coronavirus.

Brent futures rose 30 cents, or 0.7%, to $44.45 a barrel by 12:25 p.m. EDT (1625 GMT), while U.S. crude rose 59 cents, or 1.4%, to $41.60. If Brent...

https://mfame.guru/oil-price-surge-owing-to-a-five-month-high-us-crudes/

OPEC+ Begins Record Cuts as Oil Firms See Weekly Rise!

  • US oil prices were 4pc higher while the front month Brent crude futures rose above $26 per barrel.
  • In April, U.S. crude fell to an all-time low and traded negative for the first time on record while Brent hit a near-21-year low as the pandemic eroded demand.
  • Brent futures for July eased 17 cents, or 0.6pc, to $26.31 by 1:42 p.m. ET (1742 GMT).
  • US WTI was 82 cents, or 4.4pc higher, at $19.66 after climbing above $20 earlier in the session.

Oil rose further above $26 a barrel on May 1 as OPEC...

http://mfame.guru/opec-begins-record-cuts-as-oil-firms-see-weekly-rise/

IMO 2020: Analysis of The Forties De-escalator And Brent Basket!

Evolution of Platts North Sea benchmark Brent BFOE
  • The sulfur de-escalator was introduced in July 2007 to bring more stability for pricing for the North Sea’s Forties crude.
  • Quality of the Forties can vary substantially depending on the percentage of Buzzard crude in the blend at any given time.
  • Buzzard field can drastically change the quality of the crude sold as Forties Blend: with Buzzard at 30% of the total blend compared with 0%.
  • Platts began publishing a de-escalator to represent the value of a 0.1 percentage point of sulfur.
  • The Brent...

http://mfame.guru/imo-2020-analysis-of-the-forties-de-escalator-and-brent-basket/

Oil Prices Escalate in Response To Supply Cuts

  • Front-month Brent crude futures rose to $66.63 a barrel and were up $1.72, or 2.7%, at $66.46 a barrel. 
  • U.S. crude futures for August climbed $1.52, or 2.6%, to $59.99 a barrel, after hitting highest at $60.13. 
  • OPEC and allies pushing to extend supply cuts until the end of 2019 at their Vienna meeting. 
  • Saudi Arabia to extend existing output cuts of 1.2 million barrels per day (bpd) by six to nine months.

Front-month Brent crude futures touched an intraday high of $66.63 a barrel and were...

http://mfame.guru/oil-prices-escalate-in-response-to-supply-cuts/