Category archives: Fuel Oil

ENGINE: Americas Bunker Fuel Market Update 27/09/21

Bunker prices have rallied to multi-month highs in several ports in the Americas, propelled by Brent futures trading close to $80/bbl for the first time in three years.   Changes on the day since Friday, to 09.30 CST (14.30 GMT) today:     VLSFO prices up in New York ($16/mt), Houston ($10/mt), Los Angeles ($8/mt) …

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FIS Fuel Oil Morning Report 28/09/21

At 10:20 am Singapore time (0220 GMT), the ICE November Brent futures contract was up 22 cents/b (0.28%) from the previous close at $79.75/b, while the NYMEX November light sweet crude contract was 25 cents/b (0.33%) higher at $75.70/b.   The catalyst driving oil prices strength continues to be the bullish demand outlook and near-term …

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ENGINE: East of Suez Bunker Fuel Market Update 27/09/21

Bunker prices have risen for another day, touching multi-month highs as Brent has surpassed $79/bbl for the first time in three years.   Changes on the day to 18.30 SGT (10.30 GMT) today:   VLSFO prices up in Zhoushan ($8/mt), Singapore ($5/mt), and steady in Fujairah LSMGO prices up in Singapore ($16/mt), Fujairah ($12/mt) and …

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ENGINE: Europe & Africa Bunker Fuel Market Update 27/09/2021

Bunker prices continue to rally with Brent as the futures contract rises above $79/bbl for the first time in three years.   Changes on the day to 10.30 GMT today:   VLSFO prices up in Durban ($15/mt) and Rotterdam ($8/mt), and steady in Gibraltar LSMGO prices up in Rotterdam and Gibraltar ($12/mt) and Durban ($3/mt) …

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Daily Capesize Review 24/9/21

Capesize freight rates took a breather from previous bullish rally, while the market saw more supplies free from bad weather-related situations. The Capesize 5 time charter average, then went down by $374 day-on-day to $61,309 on Friday, due to some profit taking on the paper market. The Baltic Dry Index (BDI) then dropped slightly by …

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FIS Fuel Oil Morning Report 27/09/21

Brent crude was up $1.14 or 1.5% at $79.23 a barrel by 0208 GMT, having risen a third consecutive week through Friday. U.S. Oil added $1.11 or 1.5% to $75.09, its highest since July, after rising for a fifth straight week last week.   Oil prices rose for a fifth straight day on Monday with …

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