OIL and GAS OFFERS
Political risks may be supporting
oil prices, but that’s likely just
short term, JP Morgan says
rollover of output curbs amid political supply risks, but that support
is likely to be short-lived due to fundamental changes in the energy
industry, an expert said on Monday.
“It’s alright to talk about supply-side risks, but that’s sort of near-term …
I don’t think expectations for oil prices have actually gone up,” said
Scott Darling, J.P. Morgan’s head of Asia Pacific oil and gas research.
That’s because of the rise of U.S. shale energy and slowing demand
due to global economic uncertainties, Darling told CNBC’s “Squawk Box.”
J.P. Morgan expects OPEC to extend its oil output cuts to 2020.
Oil prices jumped on Monday after Saudi Energy Minister Khalid al-Falih
indicated there was a consensus among OPEC and allied oil producers
to continue limiting supply.
Falih said the main option discussed at a ministerial panel meeting
during the day was for a rollover of the output curbs agreed by
OPEC and non-members in the second half of 2019. Still, he said,
“things can change by June.”
OPEC, Russia and other non-member producers, an alliance known as
OPEC+, agreed to reduce output by 1.2 million barrels per day from
Jan. 1 for six months, a deal designed to stop inventories building up
and weakening prices.
Brent crude futures were at $73.23 a barrel at 12:06 p.m. HK/SIN, up
$1.02, or 1.4%, from their last close. Brent closed down 0.6% on Friday.
Our Team of Professionals is connected
with Reliable Suppliers
AVIATION FUEL OIL Grade 54
1 MILLION BARRELS SPOT
Contract: 12 months
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Contract: 50,000 MT x 12 months
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Contract: 2 MILLION BARRELS x 12 months
DIESEL FUEL D6
150,000,000 GALLONS SPOT
Contract: 200,000,000 GALLONS x 12 months
DIESEL FUEL D2
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Contract: 200.000 MT x 12 months
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Our Team of Professionals is acting as a bridge between the
SUPPLIER and the BUYER.
If you need a new allocation, please follow the below
1. As a buyer, you will send a signed Company Profile
with Bank Credentials and a Certificate of the Registration
of the Company.
The END BUYER will write the Company Profile on
the letterhead of the company, including official address,
registration number, telephone, mobile, email, fax and
Bank Credentials (not only the name of the bank).
The Company Profile will be signed by the CEO or the
Chairman of Buyer’s company.
Please send this information to the Founder at:
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research and through an extensive due diligence to find
out if the buyer is financially capable to do the transaction.
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exactly as it was sent by the SUPPLIER on the SCO or the
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COMMERCIAL INVOICE (CI).
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If needed, the Buyer may send an authorized representative
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injection in case of FOB procedures.
A TEAM OF PROFESSIONALS
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and Gas Products.
Our highly customized members have extensive experience and bring
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