Category archives: Fuel Oil

Daily Capesize Review 27/9/21

Capesize freight rates rebounded on better restocking demands amid tight tonnage supply and port congestion among Chinese ports. The Capesize 5 time charter average, then went up by $1,724 day-on-day to $63,030 on Monday, challenging for new heights amid bullish sentiment. The Baltic Dry Index (BDI) then rose by $73, up 1.57% day-on-day, to $4,717, …

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ENGINE: Europe & Africa Bunker Fuel Market Update 28/09/21

European and African bunker prices have been rangebound in the past day, slowing their rise after rallying to multi-month highs on the back of Brent pushing above $80/bbl.   Changes on the day to 08.00 GMT today:   VLSFO prices up in Gibraltar ($2/mt), and down in Durban ($7/mt) and Rotterdam ($1/mt) LSMGO prices up …

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ENGINE: Americas Bunker Fuel Market Update 27/09/21

Bunker prices have rallied to multi-month highs in several ports in the Americas, propelled by Brent futures trading close to $80/bbl for the first time in three years.   Changes on the day since Friday, to 09.30 CST (14.30 GMT) today:     VLSFO prices up in New York ($16/mt), Houston ($10/mt), Los Angeles ($8/mt) …

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FIS Fuel Oil Morning Report 28/09/21

At 10:20 am Singapore time (0220 GMT), the ICE November Brent futures contract was up 22 cents/b (0.28%) from the previous close at $79.75/b, while the NYMEX November light sweet crude contract was 25 cents/b (0.33%) higher at $75.70/b.   The catalyst driving oil prices strength continues to be the bullish demand outlook and near-term …

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ENGINE: East of Suez Bunker Fuel Market Update 27/09/21

Bunker prices have risen for another day, touching multi-month highs as Brent has surpassed $79/bbl for the first time in three years.   Changes on the day to 18.30 SGT (10.30 GMT) today:   VLSFO prices up in Zhoushan ($8/mt), Singapore ($5/mt), and steady in Fujairah LSMGO prices up in Singapore ($16/mt), Fujairah ($12/mt) and …

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ENGINE: Europe & Africa Bunker Fuel Market Update 27/09/2021

Bunker prices continue to rally with Brent as the futures contract rises above $79/bbl for the first time in three years.   Changes on the day to 10.30 GMT today:   VLSFO prices up in Durban ($15/mt) and Rotterdam ($8/mt), and steady in Gibraltar LSMGO prices up in Rotterdam and Gibraltar ($12/mt) and Durban ($3/mt) …

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