Category archives: Fuel Oil

Castaway Podcast Ep. 81 24/11/21

Freight and Iron Ore markets have found a floor, for the time being at least, hear about that and our other commodity markets on this week’s podcast.     Click Below to Listen:     Website – https://freightinvestorservices.com/blog/fis-castaway-eps-81/ Spotify – https://open.spotify.com/episode/6LDYAu9mETGcsOvsnZmQBd?si=-kZQbyRdQVSj-Dpea0Xc_w iTunes – https://podcasts.apple.com/gb/podcast/episode-81/id1507094242?i=1000542942416

ENGINE: Europe & Africa Bunker Fuel Market Update 24/11/21

European and African bunker prices have made sharp increases on the back of a $3/bbl Brent gain, and congestion has eased in Gibraltar.   Changes on the day to 08.00 GMT today: VLSFO prices up in Durban ($24/mt), Rotterdam ($23/mt) and Gibraltar ($15/mt) LSMGO prices up in Durban ($34/mt), Gibraltar ($16/mt) and Rotterdam ($11/mt) HSFO …

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ENGINE: East of Suez Bunker Fuel Market Update 24/11/21

East of Suez bunker prices have jumped with Brent, and LSMGO and HSFO380 availability has tightened in Zhoushan.   Changes on the day to 16.00 SGT (08.00 GMT) VLSFO prices up Fujairah ($29/mt), Singapore ($23/mt) and Zhoushan ($22/mt) LSMGO prices up in Zhoushan ($24/mt), Fujairah ($22/mt) and Singapore ($21/mt) HSFO380 prices up in Fujairah ($21/mt), …

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Daily Capesize Review 23/11/21

Capesize freight rates continued to rally on better shipping demand and higher commodity prices, though some trade participants deemed the rally as short-lived due to coming holidays. The Capesize 5 time charter average, then grew by $1,421 day-on-day to $33,631 on Tuesday, as the paper market turned bullish after a positive start at the week. …

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Oil and Products Morning Report 24/11/21 24/11/21

At 10:23 am Singapore time (0223 GMT), the ICE January Brent futures contract was up 14 cents/b (0.17%) from the previous close at $82.45/b, while the NYMEX January light sweet crude contract was 25 cents/b (0.32%) higher at $78.75/b.   Oil prices continued to climb after settling 2.3%-3.3% higher overnight as investors deemed the scale …

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