Category archives: Fuel Oil

FIS Fuel Oil Morning Report 18/05/21

Brent crude oil futures were up 19 cents, or 0.3%, at $69.65 a barrel by 0517 GMT, while West Texas Intermediate (WTI) was up 18 cents, or 0.3%, at $66.45 a barrel. Both contracts rose more than 1% on Monday.   Oil exports from OPEC+ have surged by over 1 million barrels per day in …

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Daily Capesize Review 14/5/21

Capesize freight rates went into correction again with another selloff in the market, as the physical market struggled to keep up from previous rally. The Capesize 5 time charter average then had a sharp drop of $3,182 day-on-day to $34,542 on Friday, following the selloff session. The Baltic Dry Index (BDI) went with the dip …

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FIS Fuel Oil Morning Report 17/05/21

At 11:03 am Singapore time (0303 GMT), the ICE Brent July contract was up 34 cents/b (0.49%) from the May 14 settle at $69.05/b, while the June NYMEX light sweet crude contract was up 31 cents/b (0.47%) at $65.68/b.   Last week was an interesting week for more reasons than one with Elon Musk declaring …

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Daily Capesize Review 13/5/21

Capesize freight rates underwent correction phrases again as physical market softened amid holidays and thin activities. The Capesize 5 time charter average then dropped by $1,331 day-on-day to $37,724 on Thursday, following the downward momentum since the selloff session earlier in the week. The Baltic Dry Index (BDI) also the dip and went down by …

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