Category archives: Fuel Oil

FIS Fuel Oil Morning Report 02/07/21

At 10:26 am Singapore time (0226 GMT), the ICE September Brent futures contract was up 10 cents/b (0.13%) from the previous close at $75.94/b, while the NYMEX August light sweet crude contract was up 8 cents/b (0.11%) at $75.31/b.   Yesterday was spent frantically searching for news from the OPEC+ meeting, only to find that …

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Daily Capesize Review 1/7/21

Capesize freight rates suffered a sharp fall, after a selloff in the session following weakness in the physical market. The Capesize 5 time charter average, then plunged down by $2,004 day-on-day to $30,600 on Thursday, after a series of selling pressure in the market. The Baltic Dry Index (BDI) also fell by 1.33% day-on-day, down …

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Daily Capesize Review 30/6/21

Capesize freight rates reversed into losses in the volatile market, as the physical market lost steam toward the month-end. The Capesize 5 time charter average, then dropped by $1,695 day-on-day to $32,604 on Wednesday, after a choppy market to a start of the new month. The Baltic Dry Index (BDI) also dipped down by 1.02% …

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FIS Fuel Oil Morning Report 01/07/21

At 10:21 am Singapore time (0221 GMT), the ICE September Brent futures contract was up 30 cents/b (0.40%) from the previous settle at $74.92/b, while the NYMEX August light sweet crude contract was 28 cents/b (0.38%) higher at $73.75/b.   EIA week ending 6/26 Crude oil: -6.7M Gasoline: +1.5M Distillates: -0.9M Refiner utilz: 92.9% Impld …

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