Daily Capesize Review 1/2/21

Capesize freight rates started the week sluggishly, due to thinner market activities and cyclone concerns. The Capesize 5 time charter average then slipped by $159 day-on-day to $15,516 on Monday, due to low trading volume and little buying interests. The Baltic Dry Index (BDI) dipped slightly by 0.55 % day-on-day or 8 points to 1,452 …

FIS Fuel Oil Morning Report 02/02/2021

Brent crude was up 51 cents, or 0.9%, at $56.86 a barrel by 0630 GMT, while U.S. oil gained 53 cents, or 1%, to $54.08 a barrel. Both contracts rose more than 2% in the previous session.   Oil output from OPEC nations increased by around 160,000 barrels per day as the new output cuts …