Author archives: Chris Hudson

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 …

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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 …

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ENGINE: Americas Bunker Fuel Market Update 29/10/21

Americas bunker prices have declined further in several key locations, as Brent sheds $1/bbl in the wake of a big US crude inventory build.   Changes on the day to 09.30 CST (14.30 GMT) today: VLSFO prices up in Los Angeles ($3/mt), and down in Houston ($21/mt), New York and Balboa ($14/mt) and Zona Comun …

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ENGINE: East of Suez Bunker Fuel Market Update 28/10/21

Bunker prices have dropped on the day across East of Suez ports, dragged down by lower Brent values after a sizeable US crude inventory build.   Changes on the day to 16.00 SGT (08.00 GMT) today: VLSFO prices down in Fujairah ($10/mt) and Singapore ($7/mt) LSMGO prices down in Singapore ($15/mt), Zhoushan ($13/mt) and Fujairah …

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ENGINE: Europe & Africa Bunker Fuel Market Update 28/10/21

European and African bunker prices have come further down with Brent after a sizeable US crude inventory build.   Changes on the day to 08.00 GMT today: VLSFO prices down in Durban ($12/mt), Gibraltar ($11/mt) and Rotterdam ($10/mt) LSMGO prices down in Durban ($15/mt), Gibraltar ($14/mt) and Rotterdam ($6/mt) HSFO prices steady in Durban, and …

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Oil Morning Report 28/10/21

At 10:09 am Singapore time (0209 GMT), the ICE December Brent futures contract was down $2.08/b (2.46%) from the previous close at $82.50/b, while the NYMEX December light sweet crude contract fell $1.80/b (2.18%) to $80.86/b.   EIA weekly data Crude stocks +4.268M Gasoline stocks -1.993M Distillate stocks -0.432M Cushing stocks -3.899M   Crude oil …

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ENGINE: Americas Bunker Fuel Market Update 27/10/21

Bunker prices have mostly tracked declining Brent values across the Americas, and LSMGO stems have been offered in a wide range in Los Angeles.   Changes on the day to 09.30 CST (14.30 GMT) today: VLSFO prices steady in Balboa, and down in Los Angeles ($5/mt), Houston ($4/mt) and New York and Zona Comun ($1/mt) …

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Morning Tanker FFA Report 28/10/21

News Headlines:   Investors on board as U.S. oil majors dismiss wind and solar projects (Reuters) HOUSTON/BOSTON, Oct 27 (Reuters) – Top U.S. oil firms are doubling down on drilling, deepening a divide with European rivals on the outlook for renewables, and winning support from big investors who do not expect the stateside companies to …

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