Category archives: Fuel Oil

Daily Capesize Review 7/6/21

Capesize freight rates continued to soften from the sluggish physical market due to poor shipping fundamentals. The Capesize 5 time charter average, then dropped by $475 day-on-day to $20,458 on Monday, after a lacklustre trading session. The Baltic Dry Index (BDI) also fell further by 0.41% or 10 points on-day to 2,428 readings, due to …

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FIS Fuel Oil Morning Report 08/06/21

At 11.05am Singapore time (0305 GMT), the ICE Brent August contract was down 66 cents/b (0.92%) from the previous settle at $70.83/b, while the July NYMEX light sweet crude contract was down 63 cents/b (0.91%) at $68.60/b.   Crude rally came to an abrupt halt after reaching fresh two-year highs yesterday as investigations over the …

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Daily Capesize Review 4/6/21

Capesize freight rates softened amid thin physical activities and bearish shipping demand outlook, especially in the Atlantic basin. The Capesize 5 time charter average, then plunged down further by $1,169 day-on-day to $20,933 on Friday, from further selloff in paper market. The Baltic Dry Index (BDI) also dropped further by 1.38% or 34 points on-day …

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FIS Fuel Oil Morning Report 07/06/21

Brent futures settled at $71.31 a barrel, down 4 cents after touching its highest since May 2019 earlier in the session. U.S. crude settled at $68.81 a barrel, losing 2 cents. WTI prices rose as high as $69.40, the strongest since October 2018, after gaining 1.5% in the previous session.   U.S. crude inventories dropped …

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