Category archives: Fuel Oil

FIS Fuel Oil Morning Report 08/09/21

At 10:40 am Singapore time (0240 GMT), ICE November Brent futures were 2 cents/b (0.03%) higher at $71.71/b while the NYMEX October WTI contract was up 14 cents/b (0.20%) at $68.49/b.   Chinese crude imports in August rose 8% on the month to 10.53 million b/d, or 44.53 million mt, according to General Administration of …

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ENGINE: Europe & Africa Bunker Fuel Market Update 7/9/21

European and African bunker prices are up as Brent regains some of yesterday’s losses with support from the supply crunch in the US Gulf and robust Chinese crude demand.   Changes on the day to 08.00 GMT today: VLSFO prices up in Durban ($14/mt) and Rotterdam ($9/mt), and down in Gibraltar ($2/mt) LSMGO prices up …

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ENGINE: East of Suez Bunker Fuel Market Update 7/9/21

Bunker prices have gone up across East of Suez ports today, as Brent regains some of yesterday’s losses with support from the supply crunch in the US Gulf and robust Chinese crude demand.   Changes on the day to 16.00 SGT (08.00 GMT) today: VLSFO prices up in Singapore ($15/mt), Zhoushan ($8/mt) and Fujairah ($2/mt) …

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Daily Capesize Review 6/9/21

Capesize freight rates continued to decline further over concerns over cargo demand and slow shipping activities. The Capesize 5 time charter average, then dropped by $2,182 day-on-day to $44,465 on Monday, after a choppy market. The Baltic Dry Index (BDI) then fell by $122, down 3.09% day-on-day, to $3,822, due to softening freight rates.   …

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ENGINE: Americas Bunker Fuel Market Update 6/9/21

Most bunker prices have responded to Brent’s downward pull by dropping across the Americas, while Houston’s HSFO380 price has surged to regional premiums.   Changes on the day from Friday to 09.30 CST (14.30 GMT) today: VLSFO prices up in New York ($6/mt), and down in Los Angeles ($12/mt), Houston ($9/mt), Balboa ($6/mt) and Zona …

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FIS Fuel Oil Morning Report 07/09/21

Brent crude futures for November rose 31 cents, or 0.4%, to $72.53 a barrel by 0452 GMT, after falling 39 cents on Monday. U.S. West Texas Intermediate crude for October was at $69.14 a barrel, down 15 cents, or 0.2%, from Friday’s close, with no settlement price for Monday due to Labor Day holiday in …

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