Category archives: Fuel Oil

Morning Oil Report 15/12/2021

At 10 am Singapore time (0200 GMT), the ICE February Brent futures contract was down 53 cents/b (0.72%) from the previous close at $73.17/b, while the NYMEX January light sweet crude contract fell 60 cents/b (0.85%) to $70.13/b.   Concerns over the omicron variant once again took center stage as emerging news showed the fast-spreading …

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Daily Capesize Review 14/12/21

Capesize freight rates continued to weaken due to slow shipping activities and oversupplied market, amid holidays season. The Capesize 5 time charter average, then plunged down by $6,289 day-on-day to $32,838 on Tuesday, after a massive selloff in the paper market. The Baltic Dry Index (BDI) also dropped by $284, down 8.83% day-on-day, to $2,932, …

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Morning Oil Report 14/12/2021

At 9:56 am Singapore time (0156 GMT), the ICE February Brent futures contract was down 18 cents/b (0.24%) from the previous close to $74.21/b, while the NYMEX January light sweet crude contract fell 14 cents/b (0.2%) at $71.15/b. Oil markets saw choppy trading during the Dec. 13 session, as risk-on sentiment earlier in the day …

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Daily Capesize Review 13/12/21

Capesize freight rates softened with holidays season approaching, as market activities slowed down amid thin cargo list. The Capesize 5 time charter average, then decreased by $908 day-on-day to $39,127 on Monday, as holiday moods persisted in the paper market. The Baltic Dry Index (BDI) also dropped by $56, down 1.71% day-on-day, to $3,216, due …

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