Category archives: Fuel Oil

FIS Fuel Oil Morning Report 16/06/21

At 10:23 am Singapore time (0223 GMT), the ICE August Brent futures contract was up 62 cents/b (0.84%) from the previous settle at $74.61/b while the NYMEX July light sweet crude contract was up 59 cents/b (0.82%) at $72.71/b.   API figures last night posted a larger than expected draw on crude to the tune …

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Daily Capesize Review 15/6/21

Capesize freight rates rallied on more shipping activities as trade participants returned from holidays amid improving demand. The Capesize 5 time charter average, then rose by $1,257 day-on-day to $30,640 on Tuesday, following market optimism on iron ore shipping demand. The Baltic Dry Index (BDI) then went up to a one-month high at 3,025 readings, …

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Daily Capesize Review 14/6/21

Capesize freight rates gained from recent improving shipping demand, despite slow trading activities due to Chinese holidays. The Capesize 5 time charter average, then rose by $1,631 day-on-day to $29,383 on Monday, from a buoyant market which left much room for the physical market to catch up. The Baltic Dry Index (BDI) followed the rally …

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FIS Fuel Oil Morning Report 15/06/21

At 10:56 am Singapore time (0256 GMT), the ICE August Brent futures contract was up 11 cents/b (0.15%) from the previous settle at $72.97/b while the NYMEX July light sweet crude contract was up 10 cents/b (0.14%) at $70.98/b.   After last week’s announcement surrounding the US and Iran agreement which saw Brent fall over …

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