Category archives: Fuel Oil

Daily Capesize Review 9/6/21

Capesize freight rates rebounded with a much-improved Pacific market, though the Atlantic basins remained sluggish with oversupply of tonnage. The Capesize 5 time charter average, then inched up by $787 day-on-day to $20,632 on Wednesday, amid better market outlook. The Baltic Dry Index (BDI) posted gains of 2.52% or 61 points on-day to 2,481 readings, …

Continue reading “Daily Capesize Review 9/6/21”

FIS Fuel Oil Morning Report 10/06/21

At 10:38 am Singapore time (0238 GMT), the ICE August Brent futures contract was down 65 cents/b (0.90%) from the previous settle at $71.57/b while the NYMEX July light sweet crude contract was down 61 cents/b (0.87%) at $69.35/b.   EIA week ending 6/4 Crude oil: -5.2M Gasoline: +7.0M Distillates: +4.4M Refiner utilz: 91.3% Impld …

Continue reading “FIS Fuel Oil Morning Report 10/06/21”

FIS Castaway Podcast – Episode 58 09/06/21

    FIS Castaway Podcast – Episode 58 – Iron Ore Special   This week’s podcast we are joined by Peter Hannah – Index Manager at Fastmarkets – to talk about the future of Iron Ore and the ferrous complex.     Listen Below:   Website https://freightinvestorservices.com/blog/fis-castaway-eps-58/   Spotify https://open.spotify.com/episode/1BADBYlYfqQKltmMLjELzj?si=pcof8oAWTgmoKv3AYZUtBA&dl_branch=1   iTunes https://podcasts.apple.com/gb/podcast/episode-58-iron-ore-special/id1507094242?i=1000524766955         …

Continue reading “FIS Castaway Podcast – Episode 58 09/06/21”

Daily Capesize Review 8/6/21

Capesize freight rates followed the dip on bearish shipping fundamentals, though there was some improvement in the Pacific market. The Capesize 5 time charter average, then dropped slightly by $613 day-on-day to $19,845 on Tuesday, despite some rebound in the index. The Baltic Dry Index (BDI) also fell slightly by 0.33% or 8 points on-day …

Continue reading “Daily Capesize Review 8/6/21”

FIS Fuel Oil Morning Report 09/06/21

At 11:12 am Singapore time (0312 GMT), the ICE August Brent futures contract was up 50 cents/b (0.69%) from the previous settle at $72.72/b while the NYMEX July light sweet crude contract was up 47 cents/b (0.67%) at $70.52/b.   Both contracts touched multiyear highs June 4 before settling lower. The ICE Brent contract last …

Continue reading “FIS Fuel Oil Morning Report 09/06/21”