Category archives: Fuel Oil

Daily Capesize Review 29/7/21

Capesize freight rates rebounded due to more market activities with fresh shipping demand on key trading routes. The Capesize 5 time charter average, then rose by $1,783 day-on-day to $33,639 on Thursday, supported by better physical market. The Baltic Dry Index (BDI) also went up by 1.90% day-on-day, or 60 points to 3,214 readings, due …

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FIS Fuel Oil Morning Report 30/07/21

Brent oil futures fell 0.79% to $74.51 by 1:18 AM ET (5:18 AM GMT) after climbing 1.75% on Thursday. WTI futures were down 0.736 to $73.06, whittling down a 1.7% rise.   Both Brent and WTI futures were set for gains of around 2% for the week, over signs of tight crude supplies and strong …

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ENGINE: East of Suez Bunker Fuel Market Update 29/7/21

East of Suez bunker price movements have been mixed amid a $0.50/bbl Brent gain in the past day.   Changes on the day to 16.00 SGT (08.00 GMT) today: VLSFO prices up in Zhoushan ($10/mt) and Fujairah ($3/mt), and down in Singapore ($3/mt) LSMGO prices up in Zhoushan ($10/mt), Fujairah ($5/mt) and Singapore ($4/mt) HSFO380 …

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ENGINE: Europe & Africa Bunker Fuel Market Update 29/7/21

Bunker prices have made fresh gains in Europe and Africa, and rough weather is set to disrupt bunkering in Las Palmas and Algoa Bay until next week.   Changes on the day to 08.00 GMT today: VLSFO prices up in Durban ($11/mt), Gibraltar ($6/mt) and Rotterdam ($5/mt) LSMGO prices up in Durban ($9/mt), Gibraltar ($7/mt) …

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Daily Capesize Review 28/7/21

Capesize freight rates moved flatly with some improvement in the physical market, which led some trade participants to believe that the market had found the bottom. The Capesize 5 time charter average, then dipped slightly by $24 day-on-day to $31,856 on Wednesday, despite increase of shipping activities in the physical market. The Baltic Dry Index …

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FIS Fuel Oil Morning Report 29/07/21

Brent crude oil futures gained 36 cents, or 0.5%, to $75.10 a barrel by 0247 GMT, while U.S. West Texas Intermediate (WTI) crude oil futures increased by 33 cents, or 0.5%, to $72.72 a barrel.   EIA week ending 7/23 Crude oil: -4.1M Gasoline: -2.3M Distillates: -3.1M Refiner utilz: 91.1% Impld mogas demand: 9.33 Mbpd …

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