Category archives: Fuel Oil

FIS Fuel Oil Morning Report 06/10/21

At 11:25 am Singapore time (0325 GMT), the ICE December Brent futures contract was down 5 cents/b (0.06%) from the previous close at $82.51/b, while the NYMEX November light sweet crude contract was 9 cents/b (0.11%) lower at $78.84/b.   API Crude +0.951M Gas +3.682M Distillate +0.345M Cushing +1.999M   U.S. oil prices rose for …

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ENGINE: East of Suez Bunker Fuel Market Update 05/10/21

Bunker prices have risen sharply on the day across East of Suez ports, tracking higher Brent after OPEC+ defied calls to mitigate the global oil supply shortage by bringing more oil back into the market.   Changes on the day to 16.00 SGT (08.00 GMT) today:   VLSFO prices up in Fujairah ($21/mt), Singapore ($18/mt) …

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ENGINE: Europe & Africa Bunker Fuel Market Update 05/10/21

European and African bunker prices have surged higher on the back of Brent, after OPEC+ defied calls to mitigate the global oil supply deficit by sticking to its current output plan.   Changes on the day to 08.00 GMT today:   VLSFO prices up in Rotterdam ($23/mt) and Gibraltar ($10/mt), and steady in Durban LSMGO …

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FIS Fuel Oil Morning Report 05/10/21

Brent crude settled up $1.98, or 2.5%, to $81.26 a barrel. It rose 1.5% last week for a fourth consecutive weekly gain, and was back up to highs last seen in 2018.   Oil jumped to a three-year peak on Monday after OPEC+ confirmed it would stick to its current output policy as demand for …

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