Friday, 3 January 2014

Interesting and important news on oil prices for 2014

Good morning All

Just spotted this article, quite interesting given that an increase in supply from countries like Iran and Libya along with slowing growth in China could drive oil costs down further in 2014, below USD 100 it would appear, which is psychologically significant and beneficial for world growth. And from a freight perspective, given that crude oil prices feed directly into ocean freight bunker fuel costs and aviation jet fuel, it's all very encouraging.

Have a good day.

Kind Regards

Andy Cliff