Category archives: Fuel Oil

Oil and Products Morning Report 17/12/21

At 10:12 am Singapore time (0212 GMT), the ICE February Brent futures contract was down 11 cents/b (0.15%) from the previous close at $74.91/b, while the NYMEX January light sweet crude contract fell 18 cents/b (0.25%) at $72.20/b. Both benchmarks had settled higher by 1.5%-2.1% overnight.     Investors have seen few fresh developments or …

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Daily Capesize Review 16/12/21

Capesize freight rates softened on limited shipping activities, as holidays season approached that slowed trading in the market. The Capesize 5 time charter average, then slumped down by $3,134 day-on-day to $24,003 on Thursday, after sustaining further losses in the paper market. The Baltic Dry Index (BDI) also dropped by $167, down 6.27% day-on-day, to …

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Morning Oil Report 16/12/21

At 10:19 am Singapore time (0219 GMT), the ICE February Brent futures contract was up 58 cents/b (0.79%) from the previous close at $74.46/b, while the NYMEX January light sweet crude contract rose 70 cents/b (0.99%) to $71.57/b.   EIA Crude oil: -4.6M SPR: -2.0M Gasoline: -0.7M Distillates: -2.9M   Oil prices were also drawing …

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