Category archives: Fuel Oil

Morning Oil Report 07/01/22

At 10:26 am Singapore time (0226 GMT), the ICE March Brent futures contract was up 54 cents/b (0.66%) from the previous close at $82.53/b, while the NYMEX February light sweet crude contract rose 53 cents/b (0.67%) at $79.99/b.   Western Canada has been in the middle of a deep freeze for the last two weeks, …

Continue reading “Morning Oil Report 07/01/22”

Morning Oil Report 06/01/22

At 10:16 am Singapore time (0216 GMT), the ICE March Brent futures contract was down 87 cents/b (1.08%) from the previous close at $79.93/b, snapping three days of gains that took it momentarily above the key $80/b handle.   US DoE Crude Oil Inventories (W/W) 31-Dec: -2144K (est -3650K; prev -3576K) – Distillate: +4418K (est …

Continue reading “Morning Oil Report 06/01/22”

Morning Oil Report 05/01/2022

At 10:05 am Singapore time (0205 GMT), the ICE March Brent futures contract was down 27 cents/b (0.34%) from the previous close at $79.73/b, while the NYMEX February light sweet crude contract was down 24 cents/b (0.31%) at $76.75/b.   OPEC and its Russia-led partners Jan. 4 approved another hike in production quotas, betting the …

Continue reading “Morning Oil Report 05/01/2022”