Category archives: News

ENGINE: East of Suez Bunker Fuel Market Update 9/9/21

Most bunker prices in East of Suez ports continue to rise for a second day, tracking higher Brent values.   Changes on the day to 16.00 SGT (08.00 GMT) today: VLSFO prices up in Zhoushan ($3/mt), steady in Singapore, and down in Fujairah ($5/mt) LSMGO prices up in Zhoushan ($4/mt), steady in Fujairah, and down …

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ENGINE: Europe & Africa Bunker Fuel Market Update 9/9/21

European and African bunker prices have moved up with Brent as three-quarters of oil production in the Gulf of Mexico remains shut in.   Changes on the day to 08.00 GMT today: VLSFO prices up in Durban ($4/mt) and Gibraltar ($2/mt), and steady in Rotterdam LSMGO prices up in Durban ($5/mt) and Gibraltar ($1/mt), and …

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Daily Capesize Review 8/9/21

Capesize freight rates dropped further on lower bookings, despite Brazilian miners making more fixtures but failed to support higher rates. The Capesize 5 time charter average, then dropped by $1,702 day-on-day to $40,518 on Wednesday, after a choppy market. The Baltic Dry Index (BDI) also fell by $89, down 2.40% day-on-day, to $3,618, due to …

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FIS Fuel Oil Morning Report 09/09/21

At 11:08 am Singapore time (0308 GMT), ICE November Brent futures was 23 cents/b (0.32%) higher at $72.83/b while the NYMEX October WTI contract was up 14 cents/b (0.20%) at $69.44/b.   API Crude -2.882M Cushing +1.794M Gasoline -6.414M Distillate -3.748M   In inventory news, the US commercial crude stocks declined 2.88 million barrels in …

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Iron Ore DCE Jan Daily Technical Review 9/9/21

Verdict – Short-term neutral. DCE iron ore January contract correct slightly. As predicted yesterday, iron ore volatile range became narrower. Luckily the support on 717.5-719.5 was strong , which successfully witnessed a V-Shape reversal twice over the previous four trading days. Stochastic indicators were all flat in hourly level. Unless a breakdown on 717.5 -719.5 …

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FIS Morning Report Tanker FFA 09-09-21

News Headlines: OIL DAYBOOK EUROPE: Top Guzzlers Surpass Pre-Pandemic Demand (Bloomberg) Some of the world’s biggest economies are seeing oil consumption turn the corner and even surpass pre- pandemic levels as falling Covid-19 infection rates drive a recovery in activity. * OIL FUTURES: Oil Holds Gain With Hurricane Impact on Supply Still Lingering.     …

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