ENGINE: Europe & Africa Bunker Fuel Market Update 29/10/21

Bunker prices have bounced back with recovering crude values in the past day, and HSFO380 is tight with certain suppliers in the ARA and Canary Islands.   Changes on the day to 08.00 GMT today: VLSFO prices up in Durban ($11/mt), Rotterdam ($10/mt) and Gibraltar ($5/mt) LSMGO prices up in Durban ($7/mt), Rotterdam ($6/mt) and …

ENGINE: East of Suez Bunker Fuel Market Update 29/10/21

Bunker prices have mostly recorded gains on the day, as Brent has rebounded after a three-day decline.   Changes on the day to 16.00 SGT (08.00 GMT) today: VLSFO price up in Fujairah ($10/mt) and Singapore ($4/mt) LSMGO prices up in Zhoushan ($14/mt), Singapore and Fujairah ($4/mt) HSFO380 prices up in Fujairah ($6/mt), and down …

Morning Oil Report 29/10/21

At 10:00 am Singapore time (0200 GMT), the ICE December Brent futures contract was up 21 cents/b (0.25%) from the previous close at $84.53/b, while the NYMEX December light sweet crude contract rose 6 cents/b (0.07%) at $82.87/b.   Oil prices edged up on Friday but were headed for their first weekly losses in at …

Morning Tanker FFA Report 29/10/21

News Headlines:   Oil prices edge higher but set for first weekly drop since August (Reuters) Oil prices edged up on Friday but were headed for their first weekly losses in at least eight weeks after U.S. oil stocks rose more than expected and Iran flagged it was resuming talks with Western powers which could …

Daily DCE Review 29/10/21

Iron ore futures continued to slide on softer steel demand, as slow consumption contributed to higher mills’ steel stocks. The futures of Dalian Commodity Exchange (DCE) for January delivery then fell by 5.56% day-on-day or down RMB 37.50 to RMB 637.50/mt, during the day trading session on Friday. The rebar futures however, rose by 0.80% …