Wilhelmsen Marine Fuels AS is Norway’s leading bunker-broking company. We have affiliates in London and Singapore.

About us

Wilhelmsen Marine Fuels is the leading bunker broking company in Norway, and has offices in Singapore and the UK.

The company serves a wide variety of international ship-operators, including world wide liner, tramp and tanker services, offshore and coastal transport.

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Services

 

Morning update and price indications


 

 

NEWS

·         July-August fuel vols thin at 6.6mln MT on worsening demand
Western fuel arbitrage cargoes into East Asia for July and August have dipped to the lowest in the current year at a combined total of 6.64 mln MT on soaring freight rates and the lack of incremental demand from the region’s main outlets, namely China and Singapore.     

·         Suicide attack escalates Libya violence, oil output slips
A twin suicide bombing at a Libyan army base in Benghazi killed at least four soldiers in an escalation of clashes between Islamist militants and regular forces battling to oust them from the eastern city. In another blow to the government, Libya’s oil production has fallen, turning back a hard-won increase since April in revenue for the state just as it faces increased fighting around the airport in the capital and across Benghazi. 

·         POLL: U.S: Crude inventories seen down last week, products higher
U.S. commercial crude oil inventories are likely to have dropped in the week to July 18, while product stockpiles rose, and expanded Reuters survey of analysts showed on Tuesday:
Crude:                   -2.8MLN
Distillate:                +2.1MLN
Gasoline:               +1.3MLN
Refinery runs:        -0.1 PCT PT

YESTERDAY’S MARKET
Crude prices ended down yesterday, as oil supplies remain unaffected by the continuing violence in Iraq, Ukraine and Gaza. WTI August contract expired yesterday. Its premium to September crude rose to a session high of $2.50 reflecting traders concerns about low oil inventories at the Cushing, Oklahoma. In Libya, a spokesman for the National Oil Corp. said oil output had fallen to 450kbpd, a drop of almost 20% since last week, as escalating violence has curbed some operations.      

 

 

   

 

DISCLAIMER: Please note that the information provided hereby merely contains observations and forward-looking expectations which are subject to risk and uncertaninties related to financial and market conditions in relevant markets and may otherwise be subject to change. The purpose of this information is to share insight, which has been reported through common sources or our network. Wilhelmsen Marine Fuels undertakes no liability and makes no represenatation or warranty for the information and expectations given in this information or for the consequences of any actions taken on the basis of the information provided.

      

Contacts

Wilhelmsen Marine Fuels AS

Norway, Oslo

Phone:(+47) 67 58 42 66
E-mail:
wmf.oslo@wilhelmsen.com

Singapore

Phone:(+65) 637 95 167
E-mail:
wmf.singapore@wilhelmsen.com

United Kingdom, Dartford, Kent

Phone:+ 44 (0)1322-282930
E-mail:
wmf.london@wilhelmsen.com