Category archives: Fuel Oil

Daily Capesize Review 29/9/21

Capesize freight rates extended its rally to record-high levels, with supports from tight tonnage supply and better shipping demand. The Capesize 5 time charter average, then jumped by $5,773 day-on-day to $74,786 on Wednesday, despite some profit taking in the session. The Baltic Dry Index (BDI) then rose by $235, up 4.74% day-on-day, to $5,197, …

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FIS Fuel Oil Morning Report 30/09/21

At 10:30 am Singapore time (0230 GMT), the ICE November Brent futures contract was down 24 cents/b (0.31%) from the previous close at $78.40/b, while the NYMEX November light sweet crude contract was 5 cents/b (0.05%) lower at $74.78/b.   EIA weekly data Crude stocks +4.578M Gasoline stocks +0.193M Distillate stocks +0.384M Cushing stocks +0.131M …

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ENGINE: Americas Bunker Fuel Market Update 30/09/21

Bunker prices have mostly come off with Brent across the Americas in the past day, while Balboa’s prices have gained again.   Changes on the day to 09.30 CST (14.30 GMT) today:   VLSFO prices up in Balboa ($5/mt), and down in New York and Los Angeles ($7/mt), Zona Comun ($4/mt) and Houston ($3/mt) LSMGO …

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FIS Castaway Podcast – Episode 74 – Lunar Cape Rates 29/09/21

FIS Castaway Podcast – Episode 74 – Lunar Cape Rates   A short, sharp update this week as we discuss the jump in oil prices, the bounceback on iron ore, and of course the Capesize rates having gone to the Moon, on FIS Castaway.     Listen Below: Website – https://freightinvestorservices.com/blog/fis-castaway-eps-74/ Spotify – https://open.spotify.com/episode/6FbjHwA4rYivj302T3Twb3 iTunes – https://podcasts.apple.com/gb/podcast/episode-74-lunar-cape-rates/id1507094242?i=1000536997415

ENGINE: East of Suez Bunker Fuel Market Update 29/09/21

Bunker prices have dropped across East of Suez ports today, as Brent has slipped by $2/bbl on the day.   Changes on the day to 16.00 SGT (08.00 GMT) today: VLSFO prices down in Fujairah ($11/mt), Zhoushan ($10/mt) and Singapore ($3/mt) LSMGO prices down in Fujairah ($14/mt), Singapore ($11/mt) and Zhoushan ($8/mt) HSFO380 prices down …

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ENGINE: Europe & Africa Bunker Fuel Market Update 29/09/21

Bunker prices have slipped from yearly highs in Europe and Africa, tracking a $2/bbl Brent drop amid renewed global oil demand concerns and profit-taking among investors.   Changes on the day to 08.00 GMT today:   VLSFO prices down in Durban ($17/mt), Gibraltar ($11/mt) and Rotterdam ($8/mt) LSMGO prices up in Gibraltar ($3/mt), and down …

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