Category archives: Fuel Oil

Oil and Products Morning Report 19/11/21

Oil & Products Morning Report     At 10:15 am Singapore time (0215 GMT), the ICE January Brent futures contract was up 40 cents/b (0.49%) from the previous close at $81.64/b, while the NYMEX December light sweet crude contract rose 37 cents/b (0.47%) at $79.38/b.   Since then, the ICE Brent and NYMEX light sweet …

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Daily Capesize Review 18/11/21

Capesize freight rates rebounded after recent selloff session, as more spot vessels had cleared out and thus setting up for a more balanced market. The Capesize 5 time charter average, then grew by $1,627 day-on-day to $27,033 on Thursday, after the paper market turned bullish and made some convincing gains. The Baltic Dry Index (BDI) …

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ENGINE: East of Suez Bunker Fuel Market Update 18/11/21

East of Suez fuel prices are sharply down on the day, tracking lower Brent as it dips below $80/bbl for the first time in over a month.   Changes on the day to 16.00 SGT (08.00 GMT) VLSFO prices down in Singapore ($19/mt), Fujairah ($17/mt) and Zhoushan ($16/mt) LSMGO prices down in Fujairah and Zhoushan …

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ENGINE: Europe & Africa Bunker Fuel Market Update 18/11/21

European and African bunker prices are on retreat with Brent, as the US reaches out to recruit big Asian countries to tap into emergency crude reserves to cool prices.   Changes on the day to 08.00 GMT today: VLSFO prices down in Durban ($20/mt), Gibraltar ($18/mt) and Rotterdam ($17/mt) LSMGO prices down in Durban ($25/mt), …

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Oil and Products Morning Report 18/11/21

At 10:35 am Singapore time (0214 GMT), the ICE January Brent futures contract was down 30 cents/b (0.37%) from the previous close at $79.98/b, while the NYMEX December light sweet crude contract fell 68 cents/b (0.87%) at $77.68/b. Both benchmarks had shed 2.6%-3% in value overnight.   EIA week ending 11/12 Crude oil: -2.1M Gasoline: …

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