Category archives: Fuel Oil

Oil and Products Morning Report 30/11/21

Oil headed for the biggest monthly loss since the early days of the coronavirus pandemic as investors weighed risks posed by the new omicron variant, with a top drugmaker saying the world may now need new vaccines. WTI plunged 3%, failing to hold on to early gains, as global benchmark Brent also tumbled. There is …

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Daily Capesize Review 26/11/21

Capesize freight rates continued to rise, despite market scares of the new covid variant spread and expectation of adverse weather that affected shipping activities. The Capesize 5 time charter average, then rose by $1,076 day-on-day to $32,393 on Friday, amid a choppy market. The Baltic Dry Index (BDI) then rose by $89, up 3.32% day-on-day, …

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