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Author archives: Chris Hudson
ENGINE: East of Suez Bunker Fuel Market Update 4/11/21
East of Suez bunker prices are down for a second day today, tracking lower Brent values ahead of today’s OPEC+ meeting. Changes on the day to 16.00 SGT (08.00 GMT) today: VLSFO prices down in Zhoushan ($11/mt) and Singapore ($4/mt), and steady in Fujairah LSMGO prices down in Zhoushan ($9/mt), Fujairah ($3/mt) and Singapore …
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ENGINE: Europe & Africa Bunker Fuel Market Update 4/11/21
European and African bunker prices have mostly dropped with crude after a big stock build in the US, and several Mediterranean ports are experiencing supply issues. Changes on the day to 08.00 GMT today: VLSFO prices down in Rotterdam ($7/mt), Gibraltar ($3/mt) and Durban ($2/mt) LSMGO prices down in Rotterdam and Durban ($9/mt) and …
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Morning Tanker FFA Report 4/11/21
News Headlines: Sinopec signs China’s largest long-term LNG contract with U.S. firm (Reuters) China’s Sinopec (600028.SS) has signed a contract with U.S. Venture Global LNG to buy 4 million tonnes of liquefied natural gas (LNG) annually for 20 years. The deal is the largest LNG long-term contract signed between Chinese and U.S. companies, Venture Global said …
Oil Morning Report 4/11/21
NYMEX December WTI settled $3.05 lower at $80.86/b and ICE January Brent declined $2.73 to $81.99/b. EIA week ending 10/29 Crude oil: +3.3M Gasoline: -1.5M Distillates: +2.2M Refiner utilz: 86.3% Impld mogas demand: 9.50Mbpd The crude build was largely in line with recent market expectations. American Petroleum Institute data released late Nov. 2 …
Steel and Scrap Morning Report 4/11/21
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Fertilizers Report 3/11/21
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Supramax and Handy FFA Report 3/11/21
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Cape and Panamax FFA Report 3/11/21
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Evening Oil Report 3/11/21
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