Category archives: Fuel Oil

Oil and Ore Intraday Morning Technical 20/10/21

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Daily Capesize Review 19/10/21

Capesize freight rates dipped on persisted weakness, though there was some steady shipping demand in physical market. The Capesize 5 time charter average, then fell by $1,071 day-on-day to $59,955 on Tuesday, following a series of corrections. The Baltic Dry Index (BDI) extended losses and dropped slightly by $18, down 0.38% day-on-day, to $4,714, due …

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ENGINE: Americas Bunker Fuel Market Update 19/10/21

Bunker fuel prices have mostly come down with Brent across the Americas, and availability remains tight in Panamanian and several South American ports.   Changes on the day to 09.30 CST (14.30 GMT) today: VLSFO prices up in Los Angeles ($28/mt) and Houston ($3/mt), and down in New York ($7/mt), Zona Comun ($6/mt) and Balboa …

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ENGINE: East of Suez Bunker Fuel Market Update 19/10/21

East of Suez bunker prices have come down from multi-month highs under pressure from declining Brent values, and while VLSFO remains tight in Singapore, its price has dipped further below those in regional ports.   Changes on the day to 16.00 SGT (08.00 GMT) today: VLSFO prices down in Singapore ($21/mt), Fujairah ($12/mt) and Zhoushan …

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ENGINE: Europe & Africa Bunker Fuel Market Update 19/10/21

Bunker prices have dipped from multi-year highs in Rotterdam and Gibraltar, and rough weather could hamper anchorage bunkering in the Gibraltar Strait today.   Changes on the day to 08.00 GMT today: VLSFO prices up in Durban ($4/mt), and down in Rotterdam ($12/mt) and Gibraltar ($10/mt) LSMGO prices up in Gibraltar ($2/mt), and down in …

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Oil Morning Report 19/10/21

At 10:30 am Singapore time (0230 GMT), the ICE December Brent futures contract was down 4 cents/b (0.05%) from the previous close at $84.29/b, while the NYMEX November light sweet crude contract fell 5 cents/b (0.06%) at $82.39/b.   OPEC+ misses target again, as some members struggle to raise oil output.   **VLSFO strengthens amid …

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