Category archives: Fuel Oil

Oil and Ore Intraday Morning Technical 15/11/21

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ENGINE: East of Suez Bunker Fuel Market Update 15/11/21

East of Suez fuel prices are mostly down on the day from Friday in response to slight fall in Brent crude, and VLSFO availability remains tight in Singapore.    Changes on the day from Friday, to 16.00 SGT (08.00 GMT) today:  VLSFO prices down in Fujairah ($10/mt), Zhoushan ($3/mt) and Singapore ($2/mt)  LSMGO prices up …

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ENGINE: Europe & Africa Bunker Fuel Market Update 15/11/21

Bunker prices have mostly been rangebound in Europe and Africa since Friday, while VLSFO prices have surged in Scandinavia amid tight prompt availability.   Changes on the day from Friday, to 08.00 GMT today: · VLSFO prices up in Durban ($5/mt), and down in Rotterdam and Gibraltar ($3/mt) · LSMGO prices down in Rotterdam ($4/mt) …

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Morning Oil and Products Report 15/11/21

At 10:12 am Singapore time (0212 GMT), the ICE January Brent futures contract was down 49 cents/b (0.60%) from the previous close at $81.68/b, while the NYMEX December light sweet crude contract fell 39 cents/b (0.48%) to $80.40/b.   The latest inflation prints could also bring forward the US Federal Reserve’s plans to tighten its …

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Daily Capesize Review 12/11/21

Capesize freight rates slipped up after recent improvement, amid limited shipping activities in both basins. The Capesize 5 time charter average, then inched down by $298 day-on-day to $31,811 on Friday, amid a choppy session. The Baltic Dry Index (BDI) then dropped by $37, down by 1.30% day-on-day, to $2,807, due to softening freight rates. …

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ENGINE: Americas Bunker Fuel Market Update 12/11/21

Bunker prices have mostly been rangebound in the Americas, and while VLSFO is widely available for prompt delivery dates in Houston and Los Angeles, their prices have gained against several other ports.    Changes on the day to 09.30 CST (14.30 GMT) today:  VLSFO prices up in Los Angeles ($9/mt), Houston ($5/mt) and Balboa ($3/mt), …

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ENGINE: East of Suez Bunker Fuel Market Update 12/11/21

East of Suez bunker fuel prices are mixed amid a slight drop for Brent crude, and bunkering has resumed in South Korea.    Changes on the day to 16.00 SGT (08.00 GMT) today:  VLSFO prices up in Fujairah ($3/mt), steady in Zhoushan, and down and Singapore ($5/mt)  LSMGO prices up in Zhoushan ($3/mt), and down …

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Morning Oil and Products Report 12/11/21

At 10:27 am Singapore time (0203 GMT), the ICE January Brent futures contract was down 28 cents/b (0.34%) from the previous close at $82.59/b, while the NYMEX December light sweet crude contract fell 26 cents/b (0.34%) at $81.33/b.   Analysts said risk-off sentiment was building amid an event-thinned calendar at the end of the week, …

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