Tokyo: Tokyo-based bunker trader IBS maintains in its annual forecast that bunker prices could decline next year.
The ceo of the firm, Soren Bo Duvier Nielsen, said: 'Everybody's still having both eyes on the oil price. After the price came close to 100 dollars a barrel late in 2007 it has resided somewhat and I see this as a more permanent basis from where we have to go.'
Volatility will still be there in spades, Nielsen stressed, but thought oil prices might decline to somewhere between US$50-70 per barrel, though the trend of box players to slow steam is likely to continue. [31/12/07]
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