Capesize freight rates recovered further due to better shipping demand in the Pacific market, despite lengthy ballast list in the Atlantic basin. The Capesize 5 time charter average, then rose by $1,624 day-on-day to $32,099 on Wednesday, despite a choppy session. The Baltic Dry Index (BDI) then rose by $56, up by 2% day-on-day, to …
Category archives: Fuel Oil
Morning Oil Report 11/11/21
At 11 am Singapore time (0300 GMT), the ICE January Brent futures contract was up 12 cents/b (0.15%) from the previous close at $82.76/b, while the NYMEX December light sweet crude contract rose 13 cents/b (0.16%) at $81.47/b. EIA week ending 11/5 Crude oil: +1.0M Gasoline: -1.6M Distillates: -2.6M Refiner utilz: 86.7% Impld mogas …
Evening Oil Report 10/11/21
Please click below to view the report For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004 US (KS): +1-203-979-7023
ENGINE: Americas Bunker Fuel Market Update 10/11/21
Bunker prices have gained on the back of Brent after an indicative US crude stock draw and ahead of the official EIA report release. Changes on the day to 09.30 CST (14.30 GMT) today: VLSFO prices up in Los Angeles ($13/mt), New York ($8/mt) and Balboa and Zona Comun ($7/mt), and down in Houston …
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ENGINE: East of Suez Bunker Fuel Market Update 10/11/21
East of Suez fuel prices are up with Brent crude, and stems have been disrupted amid rough weather in South Korean ports. Changes on the day to 16.00 SGT (08.00 GMT) today: VLSFO prices up in Singapore ($22/mt), Fujairah ($14/mt) and in Zhoushan ($11/mt) LSMGO prices up in Singapore ($20/mt), Zhoushan ($13/mt) and in …
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ENGINE: Europe & Africa Bunker Fuel Market Update 10/11/21
Low sulphur bunker prices have surged on the back of higher crude values in Europe and Africa, and supply remains tight in the Gibraltar region. Changes on the day to 08.00 GMT today: VLSFO prices up in Gibraltar ($15/mt), Rotterdam ($12/mt) and Durban ($9/mt) LSMGO prices up in Gibraltar ($22/mt), Rotterdam ($19/mt) and Durban …
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Daily Capesize Review 9/11/21
Capesize freight rates showed more improvement with better spot demand in both the Pacific and Atlantic basins. The Capesize 5 time charter average, then rose by $2,461 day-on-day to $30,475 on Tuesday, recovering from recent corrections. The Baltic Dry Index (BDI) then moved up by $87, up by 3.20% day-on-day, to $2,805, due to improving …
Morning Oil Report 10/11/21
At 10:49 am Singapore time (0249 GMT), the ICE January Brent futures contract was up 38 cents/b (0.45%) from the previous close at $85.16/b while the NYMEX December light sweet crude contract rose 14 cents/b (0.17%) at $84.29/b. The EIA in its latest Short-Term Energy Outlook said growth in output from OPEC+ members, US …
Evening Oil Report 9/11/21
Please click below to view the report For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004 US (KS): +1-203-979-7023
ENGINE: Americas Bunker Fuel Market Update 9/11/21
Americas bunker prices have traded higher with Brent, and Houston’s prices have gained against several other key ports. Changes on the day to 09.30 CST (14.30 GMT) today: VLSFO prices up in Houston ($27/mt), Los Angeles ($16/mt), Zona Comun ($11/mt), New York ($7/mt) and Balboa ($5/mt) LSMGO prices up in Houston ($32/mt), New York …
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