Category archives: Fuel Oil

Oil and Products Morning Report 02/12/21

Good morning. Oil clawed back some losses after plunging more than 6% over the previous two sessions on nervousness the rapid spread of the omicron virus variant will lead to more lockdowns and restrictions on movement. Against this backdrop, the OPEC+ alliance will decide on their supply policy for January later today. With oil prices …

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Daily Capesize Review 1/12/21

Capesize freight rates slipped at the start of the month, indicating a slow start to the holiday season as more tonnage returned to the market. The Capesize 5 time charter average, then dipped down by $158 day-on-day to $37,023 on Wednesday, amid a choppy market. The Baltic Dry Index (BDI) however, rose by $29, up …

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Castaway Podcast Ep. 82 01/12/21

FIS Castaway Podcast – Ep. 82 With a new Covid variant oil’s price has sledged down a hill, while Panamaxes have stormed ahead in the dry freight market, all discussed on this week’s podcast.     Click Below to Listen:   Website – https://freightinvestorservices.com/blog/fis-castaway-eps-82/   Spotify – https://open.spotify.com/episode/4WT27WbENAvcsrAS6koWqA?si=qeLt6MYtRMKNB_Mi1O-rcA   iTunes – https://podcasts.apple.com/gb/podcast/episode-82/id1507094242?i=1000543604886 For more information please contact enquiry@freightinvestor.com …

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Oil and Products Morning Report 01/12/21

Good Morning. Oil rebounded from a sharp decline on speculation that recent deep losses were excessive and OPEC+ may decide to pause hikes in production, with the abrupt reversal fanning already-elevated volatility. West Texas Intermediate rallied 3.2% after tumbling by more than 5% on Tuesday, when a sell-off was driven by escalating concerns about the …

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