Category archives: Fuel Oil

ENGINE: Europe & Africa Bunker Fuel Market Update 19/7/21

19 July 2021 Bunker prices are tracking a 1% Brent price drop down as OPEC+ is set to increase output from August.   Changes on the day to 08.00 GMT today: VLSFO prices down in Gibraltar ($16/mt), Rotterdam and Durban ($6/mt) LSMGO prices down in Rotterdam ($16/mt), Gibraltar ($14/mt) and Durban ($12/mt) HSFO prices down …

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Daily Capesize Review 16/7/21

Capesize freight rates continued to inch downward, despite some improvement seen in the physical market. The Capesize 5 time charter average, then fell by $152 day-on-day to $28,542 on Friday, after much selling pressure during the session. The Baltic Dry Index (BDI) then dropped by 1.11% day-on-day, down 34 points to 3,039 readings, due to …

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FIS Fuel Oil Morning Report 19/07/21

At 10:53 am Singapore time (0253 GMT), the ICE September Brent futures contract was down $1.20/b (1.63%) from the previous close at $72.39/b, while the NYMEX August light sweet crude contract was down $1.14/b (1.59%) at $70.67/b.   A melange of factors including a deal made by OPEC+ to increase supply as well as increasing …

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ENGINE: Americas Bunker Fuel Market Update 16/7/21

Bunker values have edged up in several major ports in the Americas following massive drops in the previous session, and prices are on track for sharp losses on the week.   Changes on the day to 09.30 CST (14.30 GMT) today: VLSFO prices up in Houston ($9/mt), New York ($8/mt), Zona Comun ($6/mt), Balboa and …

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