Author archives: Chris Hudson

Morning Oil Report 27/10/21

At 10:45 am Singapore time (0245 GMT), the ICE December Brent futures contract was down 50 cents/b (0.58%) from the previous close at $85.90/b, while the NYMEX December light sweet crude contract was 60 cents/b (0.71%) lower at $84.05/b after settling at a fresh seven-year high overnight.   API Crude: +2.318 M Cushing: -3.734 M …

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Morning Tanker FFA Report 27/10/21

News Headlines:   U.S. demand for oil surges, depleting tanks in Oklahoma (Reuters) Crude oil tanks at the Cushing, Oklahoma storage hub are more depleted than they have been in the last three years, and prices of further dated oil contracts suggest they will stay lower for months. U.S. demand for crude among refiners making …

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

Most bunker prices have dipped with Brent across the Americas in the past day, while New York’s fuel oil prices have gained.   Changes on the day to 09.30 CST (14.30 GMT) today: VLSFO prices up in New York ($14/mt), and down in Los Angeles ($12/mt), Balboa ($6/mt), Houston and Zona Comun ($3/mt) LSMGO prices …

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ENGINE: East of Suez Bunker Fuel Market Update 26/10/21

Bunker prices have moved in mixed directions in East of Suez ports in the past day, and supplies are tight in major bunkering hubs.   Changes on the day to 16.00 SGT (08.00 GMT) today: VLSFO price up in Fujairah ($2/mt), and down in Zhoushan and Fujairah ($9/mt)    LSMGO prices down in Zhoushan ($20/mt), …

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ENGINE: Europe & Africa Bunker Fuel Market Update 26/10/21

Bunker prices are mostly rangebound in Europe and Africa, dipping slightly with Brent.   Changes on the day to 08.00 GMT today: VLSFO prices steady in Rotterdam, and down in Gibraltar ($4/mt) and Durban ($2/mt) LSMGO prices down in Rotterdam ($6/mt), Gibraltar ($4/mt) and Durban ($2/mt) HSFO prices up in Durban ($1/mt), and down in …

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Morning Tanker FFA Report 26/10/21

News Headlines: Oil drops ahead of stock data, Iran talks (Reuters) Oil prices edged lower on Tuesday after rising earlier in the day and analysts said prices were set to sustain a rally driven by strong demand in the United States, the world’s biggest consumer of oil and its products. Brent crude was down 5 …

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Oil Morning Report 26/10/21

At 10:10 am Singapore time (0210 GMT), the ICE December Brent futures contract was down 4 cents/b (0.05%) from the previous close at $85.95/b, while the NYMEX December light sweet crude contract dipped 11 cents/b (0.13%) to $83.65/b.   Oil prices edged higher on Tuesday after trading down earlier, looking set to sustain a rally …

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