A bunker fuel and oil report, detailing the day per day trading patterns and prices in the market.The report is prepared from OW Risk Management and covers all major bunker fuel oil markets around the world, including all major ports, ranging from Singapore to Rotterdam.

Market in Brief

Brent ended lower in 107 after having traded at the lowest for over a month in yesterday’s session. Concerns that the FED might end their quantitative measures earlier than expected could have sparked the selloff in Brent, together with the psychological breach of 107. Market is trading a tick higher this morning on a better than expected factory output. The market still seems range bound between $105- $110. Balanced by better economic output and a stabilization in the Chinese Economy, versus an ending of quantitative easing by FED and a softer tone in the nuclear talks between US and Iran.

Fueloil Specifics

Singapore like yesterday was closed. The 380 Cargo FOB Spore fell roughly $5 to $594.74 and the 3.5% Rotterdam Barges fell $10 to 586.

Settlement & Indications (mid values)

Product Yesterday's Values Forward Indications Product Yesterday's Values Forward Indications               Product Change Last Dir. Aug Sep Oct Q413 Q114 2014 NYMEX WTI Swap (1st month) (1,26) 103,40 ↑ 103,77 102,94 101,69 100,38 96,92 100,38 ICE Brent Swap (1st month) (0,76) 106,68 ↑ 106,42 105,35 104,63 104,07 102,59 100,83 ICE Gasoil Swap (1st month) (10,00) 896,00 ↑ 903,33 904,67 903,50 900,22 889,17 876,91 3.5% Barges FOB Rtdm (10,25) 586,25 ↓ 587,00 576,50 572,75 570,25 570,75 565,50 3.5% Cargoes FOB Med (4,00) 586,25 ↑ 582,25 570,50 565,50 565,00 565,50 561,75 1.0% Cargoes FOB NWE (7,25) 592,25 ↓ 597,50 599,50 601,00 599,00 600,50 593,00 3% no. 6 USGC WB 0,02 91,39 ↑ 90,40 89,80 89,32 89,04 88,91 88,10 380 CST Cargoes FOB S'pore (4,75) 595,00 ↓ 594,75 595,00 594,00 587,50 586,50 582,75 0.1 % GO Barges FOB Rtdm (10,25) 895,50 ↑ 903,25 905,25 904,25 901,25 888,25 876,25 Physical Rotterdam 380 CST (5,00) 593,25 ↑ 597,25 584,75 581,75 580,50 581,00 575,75 Physical Singapore 380 CST (4,50) 601,25 ↓ 601,50 600,75 599,75 599,25 598,25 594,50

Economy fundamentals this week

Fundamental Indicators Fundamental Indicators               Statistic Importance Date Time Period Consensus Last Actual ISM Services High 05-aug 10:00 AM Jul 53.2 52.2 56.0 Trade Balance High 06-aug 8:30 AM Jun -$43.4B -$44.1B -$34.2B MBA Mortgage Index Medium 07-aug 7:00 AM 03-aug N/A -3.7% 0.2% Crude Inventories Medium 07-aug 10:30 AM 03-aug N/A 0.431M -1.320M Consumer Credit Medium 07-aug 3:00 PM June $16.0B $17.5B $13.8B Initial Claims Medium 08-aug 8:30 AM aug-13 340K 328K 333K Continuing Claims Medium 08-aug 8:30 AM 27-jul 2975K 2951K 3018K

Source: OW Risk Management