Category archives: Fuel Oil

FIS Fuel Oil Morning Report 28/06/21

At 10:18 am Singapore time (0218 GMT), the ICE August Brent futures contract inched slightly lower by 3 cents/b (0.04%) from the previous settle at $76.15/b, while the NYMEX August light sweet crude contract dipped 3 cents/b (0.04%) at $74.05/b.   Crude prices are hovering at their highest levels since October 2018 as the demand …

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Daily Capesize Review 25/6/21

Capesize freight rates rebounded again in the volatile market, due to better market optimism over the Q3 period. The Capesize 5 time charter average, then hiked up by $1,051 day-on-day to $33,069 on Monday, with some improvement seen in the physical market. The Baltic Dry Index (BDI) then spotted a gain of 2.52% day-on-day, up …

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Daily Capesize Review 24/6/21

Capesize freight rates dipped from recent rebound, despite strong buying interests that translated to decent gains on the Q3. The Capesize 5 time charter average, then went down slightly by $61 day-on-day to $32,018 on Thursday, despite better improvement in the physical market. The Baltic Dry Index (BDI) then spotted slight gain of 0.90% day-on-day, …

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FIS Fuel Oil Morning Report 25/06/2021

At 11:00 am Singapore time (0300 GMT), the ICE August Brent futures contract was down 8 cents/b (0.11%) from the previous settle at $75.48/b while the NYMEX August light sweet crude contract was down 6 cents/b (0.08%) at $73.30/b.   There seems to be a multitude of factors that are propping up the oil market …

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