The companies include some of the largest independent oil trader Vitol or resident in Switzerland, Trafigura, but also the energy company Shell, Reuters has learned from shipping and freight brokerage community.
Vitol about booked the information According to the “TI Oceania” one of the biggest supertanker ever, has a capacity of three million barrels, which are almost half a billion liters. Trafigura secured with the “Nave Synergy” is also a mega-tankers and Shell booked with the “Xin Run Yang” and “Xin Tong Yang” two such ships.
According to the shipping lists the tanker cost for part much less rent than usual, as it often is older ships and long-term leases of up to twelve months. In addition, the shipping industry is suffering from overcapacity and low margins. According to the information the dealers were able to negotiate for rentals of less than 40,000 dollars a day, which is 20,000 to 30,000 dollars below the recent average.
Cheap Rates
The traders are speculating on the rise in the last up to half fallen oil prices. How much is a barrel of Brent North Sea leading to delivery end of 2015, eight US dollars more than the current on the spot market. There, the price had fallen on Wednesday at $ 49.66 a barrel, down not as deep as in 2009.
Overall, so far between twelve and 15 million barrels of storage capacity booked at sea, according to initial estimates. And there were other inquiries, reported from the shipping circles. In recent fall in oil prices in 2009 traders had parked more than 100 million barrels of storage capacity at sea. According to the analysts at JBC Energy in Vienna storage could there at least temporarily stabilize the price of oil in the markets.
oil prices stabilized
Oil prices have extended its recent stabilization at the current low level. But experts see little reason for a change in trend towards significant price increases. A barrel of North Sea Brent crude for delivery in February cost $ 51.26 on Friday morning. They were 30 cents more than on Thursday. A barrel of US benchmark West Texas Intermediate (WTI) prices increased by 42 cents to $ 49.21.
Commodity Commerzbank experts speak of a slight upward movement in the oil market. A specific trigger but do not give it. The basic situation has not changed: the oil cartel Opec is deeply divided. Large producers like Saudi Arabia want to know from a production cut anything, even though oil prices have fallen by more than 50 percent since last summer. Other OPEC countries such as Venezuela pushing against it on a production cut because they price slump huge problems.
Who / ZDH (rtr, AP)
No comments:
Post a Comment