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Review week 51 Oil prices fell but losses remained limited

Both crude – and product prices lost again on a weekly basis but losses remained limited. Early in the week, important Gulf OPEC producers said that prices were formed on markets and the group would not increase production.
Posted by Patrick Kulsen on 22 december 2014 16:11:25
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Tags: Brent crude, Contract prices, Diesel price, Oil price

Also, worries about the state of the Chinese, Russian and Eurozone economies weighed on prices.

OPEC Secretary-General Al-Badri reiterated that OPEC will not reduce its production the coming period, despite a surplus on oil markets. Furthermore, United Arab Emirates Oil Minister Al-Mazroui said there was no need for an emergency OPEC meeting to help support prices. According to Al-Mazroui, the market should balance itself.

A preliminary PMI reading showed that the Chinese economy in December contracted for the first time in seven months. Furthermore, the Russian rouble was heavily pressured due to uncertainty about the Russian economy that is being slowed down by western sanctions and a steep drop of oil prices. A drastic interest rate hike only offered temporarily relief.

However, failure to break through a key support level after a ‘bearish’ stock report sparked buying interest on Thursday resulting in a $3/bbl increase of crude oil prices. The price jump came after weekly EIA oil stock levels that showed a significant build in crude stockpiles at Cushing, Oklahoma. On Friday, oil prices extended gains due to short-covering before the weekend and the holiday-season.

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Review week 50 Oil prices slumped another week

Both crude – and product prices extended losses on the outlook of a surplus in 2015 in an already ample supplied market.
Posted by Patrick Kulsen on 15 december 2014 20:27:19
Tags: Brent crude, Contract prices, Diesel price, Financial market

Vrachttarieven voor Boven-Rijn zijn licht gestegen

De vraag op de (Rijn) transportmarkt richting Duitsland, Frankrijk en Zwitserland concentreert zich vooruitlopend op de Kerstdagen en Oud en Nieuw inmiddels op het 2e decade december belading.
Posted by Patrick Kulsen on 09 december 2014 16:00:33
Tags: Barge Market, Naphtha vessels, Rhine freight, Transport capacity

Review week 49 Oil prices extended losses

Both crude – and product prices extended losses last week. Research showing the new low-price environment possibly affected US shale production with a decline in permits issued for new shale wells in October, supported oil prices early in the week.
Posted by Patrick Kulsen on 09 december 2014 10:18:51
Tags: Brent crude, Contract prices, Gasoil, Oil price

Review week 47 Oil prices 'all over the barrel' plunged

Oil markets were under the spell of the November 27 OPEC-meeting last week. Early in the week, market players were convinced that OPEC would cut production in order to stabilize prices. This resulted initially in a more sideways movement of prices.
Posted by Patrick Kulsen on 02 december 2014 11:04:49
Tags: Brent crude, Contract prices, Diesel price, Gasoil, Oil price

Review week 46 Oil prices pared losses last week

Oil prices were relatively volatile but eventually settled close to last week’s open prices. Early in the week, oil prices dropped on macro-data from key consuming countries and regions such Japan, China and Eurozone indicated that indicated weaker oil demand.
Posted by Patrick Kulsen on 24 november 2014 20:14:38
Tags: Brent crude, Contract prices, Financial market, Market Info, Oil price

Vraag voor middeldestillaten blijkt te zijn teruggelopen

De vraag op de (Rijn)transportmarkt richting Duitsland, Frankrijk en Zwitserland concentreert zich op 3e decade november belading. Vertragingen in beladingen, speciaal binnen de ARA range, zorgen nog steeds voor vertraging in de afwikkeling van lopende- en opvolgende transportzaken.
Posted by Patrick Kulsen on 18 november 2014 16:37:50
Tags: Barge Market, Cargo, Naphtha vessels, Rhine freight

Oil prices took a significant step back last week

Oil prices took a significant step back last week and fell towards four-year lows. Brent crude dropped below $78/bbl while WTI crude edged below $74/bbl. Early in the week, a strong US dollar weighed on oil markets.
Posted by Patrick Kulsen on 18 november 2014 16:33:29
Tags: Brent crude, Contract prices, Gasoil, Oil price

Vertragingen beïnvloeden nog steeds transportzaken

De vraag op de (Rijn) transportmarkt richting Duitsland, Frankrijk en Zwitserland concentreerde zich op 2e decade november belading. Vertragingen in beladingen, speciaal binnen de ARA range, zorgen nog steeds voor vertraging in de afwikkeling van lopende en opvolgende transportzaken.
Posted by Patrick Kulsen on 12 november 2014 20:12:29
Tags: Barge Market, End-Users, Naphtha vessels, Rhine freight

Oil prices showed a minor downward reaction last week.

Crude – and product prices showed a minor downward reaction last week. Brent crude’s weekly low lay at $81.63/bbl and that was its lowest since the end of October 2010. WTI crude fell below $76.00/bbl, its lowest level since early October 2011.
Posted by Patrick Kulsen on 10 november 2014 20:15:17
Tags: Gasoil

Oil prices were relatively stable last week

Crude – and product prices were relatively stable last week. A ‘bearish’ market outlook from the American investment bank Goldman Sachs early in the week weighed on prices.
Posted by Patrick Kulsen on 04 november 2014 20:05:32
Tags: Brent crude, Contract prices, Financial market, Market Info, Oil Trading

Vertragingen in beladingen, speciaal binnen de ARA range

De vraag op de (Rijn) transportmarkt richting Duitsland, Frankrijk en Zwitserland concentreerde zich primair op 1e decade november belading. Vertragingen in beladingen, in het bijzonder binnen de ARA range, zorgden nog steeds voor vertraging in de afwikkeling van lopende - en opvolgende transportzaken.
Posted by Patrick Kulsen on 04 november 2014 19:58:38
Tags: Barge Market, Naphtha vessels, Rhine freight, Transport capacity

Vrachttarieven voor bestemming Basel/Birsfelden zijn iets gestegen

De vraag op de (Rijn)transportmarkt richting Duitsland, Frankrijk en Zwitserland concentreerde zich op restant eind oktober resp. begin november belading.
Posted by Patrick Kulsen on 30 oktober 2014 19:59:27
Tags: Naphtha vessels, Rhine freight, Transport capacity

Hogere prijzen houden aan

De vraag op de (Rijn)transportmarkt richting Duitsland, Frankrijk en Zwitserland concentreerde zich op belading eind oktober en begin november.
Posted by Patrick Kulsen on 28 oktober 2014 13:54:52
Tags: Crude, Financial market, Gasoil, Market Info, Oil price

Review week 42: Oil prices keep going sideways on low level

Crude – and product prices stabilized around lowest levels in four years last week.
Posted by Patrick Kulsen on 27 oktober 2014 16:43:11
Tags: Crude, Financial market, Market Info, OPEC, Research & Analysis

ARA gasoline stocks hit three-year low

LONDON, Oct 16 (Reuters) - Gasoline stocks at Europe's Amsterdam-Rotterdam-Antwerp hub fell to a three-year low this week of 490,000 tonnes, according to data from Dutch-based oil consultancy PJK International.
Posted by Patrick Kulsen on 23 oktober 2014 10:42:40
Tags: ARA Stocks, Crude, Diesel price, European refineries, Financial market, Fuel stocks, Gasoil, Gasoline stocks, Market Info, Oil price, Research & Analysis

Vertragingen en waterstand geven tegengesteld beeld

De vraag op de (Rijn)transportmarkt richting Duitsland, Frankrijk en Zwitserland concentreert zich op intussen op belading eind oktober.
Posted by Patrick Kulsen on 23 oktober 2014 09:39:39
Tags: Contract prices, Financial market, Market Info, OPEC, Rhine freight

Review week 41: Oil prices recover modestly

Crude – and product prices extended weekly losses last week but at the end of the week prices recovered modestly.
Posted by Patrick Kulsen on 20 oktober 2014 10:15:50
Tags: Crude, Financial market, Gasoil, Market Info, Oil price, OPEC

 
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