Capesize & Panamax FFA Daily Report

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Oil Through the Looking Glass 01.10.2020

*India’s Gasoline Sales Jump to Pre-Covid Levels in September, Diesel Improves* Indian refiners reported sales have risen to pre-pandemic levels in September for gasoline but there has been a reported drop off in diesel sales as loosening restrictions sparked energy consumption and economic activity.  Indian state refiners sold 2.2 million tonnes of gasoline, up 1.85% …

Oil Through the Looking Glass 01.10.2020

India’s Gasoline Sales Jump to Pre-Covid Levels in September, Diesel Improves Indian refiners reported sales have risen to pre-pandemic levels in September for gasoline but there has been a reported drop off in diesel sales as loosening restrictions sparked energy consumption and economic activity.  Indian state refiners sold 2.2 million tonnes of gasoline, up 1.85% …

Brent Dec 20 Morning Technical Comment – 240 Min

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Capesize rates jump on Brazilian fixing spree

Capesize freight rates surged up on flurry of fixtures being done in physical market, especially in the Brazilian market. The Capesize 5 time charter average then rose by $1,818 day-on-day to $25,631 on Wednesday, due to bullish market sentiment. The Baltic Dry Index (BDI) then jumped by 4.04% or 67 points day-on-day to 1,725 readings …