Category archives: Fuel Oil

FIS Fuel Oil Morning Report 30/04/21

Perhaps a touch of profit taking this morning as we are off at the open $67.70 down -0.5% or 0.33c. While The outbreak in India is holding back oil’s rally I don’t foresee it causing any major sell offs in the longer term. There is a bank holiday in the UK on Monday so perhaps …

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FIS Fuel Oil Morning Report 29/04/21

Brent opened up +0.3% or 20c higher at$67.47 as of 8am GMT We are again on the front foot as oil edges higher as rising demand optimism offsets virus surge ! I get the feeling the market is now well trenched in the idea that demand is going to boom in the 2h of this …

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Daily Capesize Review 27/4/21

Capesize freight rates rallied on bullish market outlook with record high iron ore prices and good steel demand from China. The Capesize 5 time charter average then surged up by $2,106 day-on-day to $37,453 on Tuesday, due to bullish market outlook. The Baltic Dry Index (BDI) then rose by 2.88% or 81 points on-day to …

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FIS Fuel Oil Morning Report 28/04/21

At 10:55 am Singapore time (0255 GMT), the ICE Brent June contract fell 6 cents/b (0.09%) from the April 27 settle at $66.36/b, while the June NYMEX light sweet crude contract was down 12 cents/b (0.19%) at $62.82/b.   API Crude +4.319M Cushing +0.742M Gasoline -1.288M Distillate -2.417M   An uncharacteristically quiet lead up to …

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