Category archives: News

FIS Fuel Oil Morning Report 03/06/21

Brent crude futures were up 49 cents, or 0.7%, at $71.84 a barrel by 0233 GMT, the highest since September 2019. The international benchmark gained 1.6% on Wednesday. U.S. West Texas Intermediate crude futures rose 44 cents, or 0.6%, to $69.27 a barrel. Prices earlier rose to as much as $69.32, the most since October …

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Daily Capesize Review 2/6/21

Capesize freight rates slumped from a sharp selloff, due to bearish market sentiment on the Atlantic basin. The Capesize 5 time charter average, then plunged down by $1,301 day-on-day to $23,731 on Wednesday, despite a recent rebound in the market. The Baltic Dry Index (BDI) also dropped by 1.48% or 38 points on-day to 2,530 …

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FIS Morning Report Tanker FFA 03-06-21

Massive Blaze Engulfs Tehran Refinery Hours After Sinking Of Iranian Warship (Oilprice) A major oil refinery in Tehran is now engulfed in a huge blaze just hours after on Wednesday morning the Islamic Republic’s largest warship caught fire and sank in the Gulf of Oman under mysterious circumstances.     Oil price rally continues on …

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