Category archives: Fuel Oil

Daily Capesize Review 22/9/21

Capesize freight rates continued to rally, due to tighter tonnage and port congestion among Chinese ports that extended turnaround time. The Capesize 5 time charter average, then rose by $3,446 day-on-day to $59,715 on Wednesday, as most of the Chinese trade participants returned to the market from holidays. The Baltic Dry Index (BDI) then jumped …

Continue reading “Daily Capesize Review 22/9/21”

ENGINE: Americas Bunker Fuel Market Update 22/9/21

A near $2/bbl Brent jump has lifted prices across major bunker locations in the Americas in the past day, and bunkering has resumed after a weather suspension in Zona Comun.   Changes on the day to 09.30 CST (14.30 GMT) today: VLSFO prices up in Zona Comun ($23/mt), Balboa ($18/mt), Los Angeles ($17/mt) and New …

Continue reading “ENGINE: Americas Bunker Fuel Market Update 22/9/21”

FIS Fuel Oil Morning Report 23/09/21

At 0210 GMT, Brent futures contract was up 15 cents/b (0.2%) from the previous close at $76.34/b, while the NYMEX November light sweet crude contract was 9 cents/b (0.12%) higher at $72.32/b.   “Crude prices rallied after US stockpiles tumbled to the lowest levels since October 2018,” said OANDA senior market analyst Edward Moya, adding …

Continue reading “FIS Fuel Oil Morning Report 23/09/21”

ENGINE: East of Suez Bunker Fuel Market Update 22/9/21

Bunker prices have risen with Brent across East of Suez ports, and Zhoushan continues to price VLSFO slightly lower than other regional bunkering hubs.   Changes on the day to 16.00 SGT (08.00 GMT) today: VLSFO prices up in Fujairah ($5/mt), Zhoushan and Singapore ($3/mt) LSMGO prices up in Zhoushan ($19/mt), Fujairah and Singapore ($4/mt) …

Continue reading “ENGINE: East of Suez Bunker Fuel Market Update 22/9/21”

ENGINE: Europe & Africa Bunker Fuel Market Update 22/9/21

European and African bunker prices have made fresh gains on the back of an uptick in crude values, and congestion has built amid rough weather in Gibraltar Strait ports.   Changes on the day to 08.00 GMT today: VLSFO prices up in Durban ($7/mt), Rotterdam and Gibraltar ($3/mt) LSMGO prices up in Rotterdam ($7/mt), Gibraltar …

Continue reading “ENGINE: Europe & Africa Bunker Fuel Market Update 22/9/21”

Daily Capesize Review 21/9/21

Capesize freight rates continued to rise by the firm Pacific basin, despite market uncertainty over the Chinese property sector. The Capesize 5 time charter average, then rose by $2,474 day-on-day to $56,269 on Tuesday, despite the absence of some Chinese trade participants on holiday celebrations. The Baltic Dry Index (BDI) then jumped by $106, up …

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

FIS Fuel Oil Morning Report 22/09/21

At 10:30 am Singapore time (0230 GMT), the ICE November Brent futures contract was up 50 cents/b (0.67%) from the previous close at $74.86/b, while the NYMEX November light sweet crude contract was 59 cents/b (0.84%) higher at $71.08/b.   API Crude -6.108M Cushing -1.748M Gasoline -0.432M Distillate -2.720M   Highlighting tight supply as demand …

Continue reading “FIS Fuel Oil Morning Report 22/09/21”