Category archives: Fuel Oil

Morning Oil Report 09/12/21

At 10:03 am Singapore time (0203 GMT), the ICE February Brent futures contract was up 21 cents/b (0.28%) from the previous close at $76.03/b, while the NYMEX January light sweet crude contract rose 28 cents/b (0.39%) at $72.64/b.   EIA week ending 12/3 Crude oil: -0.2M SPR: -1.7M Gasoline: +3.9M Distillates: +2.7M Refiner utilz: 89.8% …

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Morning Oil Report 08/12/21

At 10:42 am Singapore time (0221 GMT), the ICE February Brent futures contract was down 5 cents/b (0.07%) from the previous close at $75.39/b, while the NYMEX January light sweet crude contract fell 5 cents/b (0.07%) at $72/b.   API Crude -3.089m Gasoline +3.705m Distillate +1.228m Cushing +2.395m   The API said Dec. 7 that …

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Daily Capesize Review 8/12/21

Capesize freight rates hiked up, driven by better market optimism and strong Pacific shipping demand. The Capesize 5 time charter average, then increased by $2,354 day-on-day to $41,324 on Tuesday, due to bullish market sentiment in the paper market. The Baltic Dry Index (BDI) also rose by $117, up 3.62% day-on-day, to $3,352, due to …

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