Capesize Technical Report (downside moves should be considered as countertrend) 05/10/21

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ENGINE: East of Suez Bunker Fuel Market Update 05/10/21

Bunker prices have risen sharply on the day across East of Suez ports, tracking higher Brent after OPEC+ defied calls to mitigate the global oil supply shortage by bringing more oil back into the market.   Changes on the day to 16.00 SGT (08.00 GMT) today:   VLSFO prices up in Fujairah ($21/mt), Singapore ($18/mt) …

ENGINE: Europe & Africa Bunker Fuel Market Update 05/10/21

European and African bunker prices have surged higher on the back of Brent, after OPEC+ defied calls to mitigate the global oil supply deficit by sticking to its current output plan.   Changes on the day to 08.00 GMT today:   VLSFO prices up in Rotterdam ($23/mt) and Gibraltar ($10/mt), and steady in Durban LSMGO …