ENGINE: East of Suez Bunker Fuel Market Update 20/7/21

Bunker prices have extended yesterday’s losses with steep drops as Brent trades close to two-month lows.   Changes on the day to 16.00 SGT (08.00 GMT) today: VLSFO prices down in Zhoushan ($22/mt), Singapore ($17/mt) and Fujairah ($15/mt) LSMGO prices down in Zhoushan ($22/mt), Fujairah and Singapore ($15/mt) HSFO380 prices down in Zhoushan ($16/mt) and …

FIS Fuel Oil Morning Report 20/07/21

Brent crude gained 1 cent to $68.63 a barrel by 0412 GMT. The U.S. crude contract for August delivery, which expires later on Tuesday, was up 15 cents at $66.57 a barrel. U.S. crude for September delivery was up around 9 cents at $66.44 a barrel.   The selloff on Brent yesterday was largely triggered …