Category archives: Fuel Oil

Daily Capesize Review 17/6/21

Capesize freight rates maintained upward momentum despite the physical market taking a break in the bullrun. The Capesize 5 time charter average, then rose by $1,672 day-on-day to $34,930 on Thursday, as market fundamentals improved in both basins. The Baltic Dry Index (BDI) then rallied by 2.87% on-day, up 91 points to 3,267 readings on …

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FIS Fuel Oil Morning Report 18/06/21

At 10:50 am Singapore time (0250 GMT), the ICE August Brent futures contract was down 64 cents/b (0.88%) from the previous settle at $72.44/b, while the NYMEX July light sweet crude contract was 56 cents/b (0.79%) lower at $70.48/b. The Brent and the NYMEX light sweet crude markers had fallen 1.76% and 1.54% overnight to close …

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Daily Capesize Review 16/6/21

Capesize freight rates continued its bullish run, due to better market outlook with improving physical demand. The Capesize 5 time charter average, then rose by $2,618 day-on-day to $33,258 on Wednesday, after much premiums on the FFA market that might translated to the physical market. The Baltic Dry Index (BDI) then followed the rally and …

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FIS Fuel Oil Morning Report 17/06/21

At 10:17 am Singapore time (0217 GMT), the ICE August Brent futures contract was down 77 cents/b (1.04%) from the previous settle at $73.62/b, while the NYMEX July light sweet crude contract was down 72 cents/b (1.00%) at $71.43/b.   EIA week ending 6/11 Crude oil: -7.4M Gasoline: +2.0M Distillates: -1.0M Refiner utilz: 92.6% Impld …

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