ENGINE: Americas Bunker Fuel Market Update 05/10/21

Americas bunker prices continue to rally on OPEC+ supply restraint, and LSMGO is more expensive compared to VLSFO than it has ever been in several ports.   Changes on the day to 09.30 CST (14.30 GMT) today:   VLSFO prices up in Los Angeles ($23/mt), Houston ($14/mt), New York ($13/mt) and Balboa ($4/mt), and down …

FIS Morning Report Tanker FFA 06 -10-21

News Headlines: OIL DAYBOOK EUROPE: Saudis Cut Price to Asia; U.S. Supplies Grow (Bloomberg) Saudi Arabia reduced prices for all crudes destined to Asia, its biggest market, after OPEC+’s decision to keep slow production increases sent oil futures surging. * OIL FUTURES: Oil Steadies Near Seven-Year High as Stockpiles Grow Please click below to view …

FIS Fuel Oil Morning Report 06/10/21

At 11:25 am Singapore time (0325 GMT), the ICE December Brent futures contract was down 5 cents/b (0.06%) from the previous close at $82.51/b, while the NYMEX November light sweet crude contract was 9 cents/b (0.11%) lower at $78.84/b.   API Crude +0.951M Gas +3.682M Distillate +0.345M Cushing +1.999M   U.S. oil prices rose for …