Monthly archives: July 2021

FIS Fuel Oil Morning Report 20/07/21

Brent crude gained 1 cent to $68.63 a barrel by 0412 GMT. The U.S. crude contract for August delivery, which expires later on Tuesday, was up 15 cents at $66.57 a barrel. U.S. crude for September delivery was up around 9 cents at $66.44 a barrel.   The selloff on Brent yesterday was largely triggered …

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Daily DCE Review 20/7/21

Iron ore futures closed higher on Tuesday, recovering from the slump yesterday, due to the extended supply tightness situation. The futures of Dalian Commodity Exchange (DCE) for September delivery then went up slightly by 0.28% day-on-day or RMB 3.50 to RMB 1,233/mt during the day trading session on Tuesday. The rebar futures, however inched down …

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ENGINE: Americas Bunker Fuel Market Update 19/7/21

Bunker prices have fallen sharply across the Americas as Brent has come down by nearly $3/bbl since Friday.   Changes on the day to 09.30 CST (14.30 GMT) today: VLSFO prices down in New York ($34/mt), Balboa ($26/mt), Los Angeles ($23/mt), Zona Comun ($12/mt) and Houston ($11/mt) LSMGO prices down in Balboa ($37/mt), Los Angeles …

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FIS Morning Report Tanker FFA 20-07-21

News Headlines: OIL DAYBOOK EUROPE: OPEC+ Deal May Not Avert Supply Squeeze (Bloomberg) The deal to boost production struck by OPEC+ after two weeks of haggling helped send oil prices tumbling. But the slump may not last long. While the alliance will gradually revive output shuttered during the pandemic, the increases might not be enough …

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Daily Capesize Review 19/7/21

Capesize freight rates rebounded from losses amid a short week with holiday in Singapore and market concerns over cyclone development off China. The Capesize 5 time charter average, then rose by $597 day-on-day to $29,139 on Monday, after some improvement in the physical market. The Baltic Dry Index (BDI) then increased by 0.66% day-on-day, up …

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