Category archives: News

Daily DCE Review 27/7/21

Iron ore futures opened high on morning session, only to suffer a sharp drop at the close, following a selloff session on Tuesday. The futures of Dalian Commodity Exchange (DCE) for September delivery then dropped by 2.80% day-on-day or RMB 32 to RMB 1,109.50/mt during the day trading session on Tuesday. The rebar futures also …

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ENGINE: Europe & Africa Bunker Fuel Market Update 27/7/21

A jump in Brent has reversed bunker price declines in Gibraltar and Rotterdam in the previous session, while Durban’s prices have dipped further.   Changes on the day to 08.00 GMT today: VLSFO prices up in Rotterdam ($6/mt) and Gibraltar ($3/mt), and down in Durban ($5/mt) LSMGO prices up in Gibraltar ($14/mt), and down in …

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Daily Capesize Review 26/7/21

Capesize freight rates started sluggish at the start of the week but found supports from typhoon disruption that tightened ship supply. The Baltic Dry Index (BDI) then inched up slightly by 0.34% day-on-day, up 11 points to 3,210 readings, from the firmer freight rates.   Tight vessel supply from bad weathers Trade participants were concerned …

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FIS Fuel Oil Morning Report 27/07/21

Brent crude futures climbed 13 cents, or 0.2%, to $74.63 a barrel at 0128 GMT, extending a 0.5% gain on Monday. U.S. West Texas Intermediate (WTI) crude futures rose 4 cents to $71.95 a barrel, after losing 16 cents on Monday.   Global travel restrictions across many nations are set to remain in place over …

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FIS Morning Report Tanker FFA 27-07-21

News Headlines: OIL DAYBOOK EUROPE: Exxon Seeks Arbitration; Adnoc Cuts Supply (Bloomberg) Exxon Mobil Corp. filed for International Chamber of Commerce arbitration against an Iraqi state-owned company after being frustrated in its efforts to sell a stake in the West Qurna-1 oil field     TANKER WEEKLY WRAP: European Fuel Exports to Americas to Dip …

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