Category archives: Fuel Oil

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

ENGINE: Europe & Africa Bunker Fuel Market Update   European and African bunker prices have largely reversed yesterday’s sharp gains by tracking tumbling Brent futures down from multi-year highs.   Changes on the day to 08.00 GMT today: VLSFO prices down in Durban ($20/mt), Gibraltar ($16/mt) and Rotterdam ($11/mt) LSMGO prices down in Gibraltar ($20/mt), …

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FIS Fuel Oil Morning Report 07/07/21

At 11:48 am Singapore time (0348 GMT), the ICE September Brent futures contract was down 6 cents/b (0.08%) from the previous close at $74.47/b, while the NYMEX August light sweet crude contract was down 2 cents/b (0.03%) at $73.35/b. The Brent marker and the NYMEX light sweet crude market had plummeted 3.41% and 2.38% overnight …

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Daily Capesize Review 6/7/21

Capesize freight rates dipped lower in the oversupplied market, despite some comeback during the trading session. The Capesize 5 time charter average, then dropped down by $464 day-on-day to $27,309 on Tuesday, due to selling pressure during the session. The Baltic Dry Index (BDI) also slipped by 1.40% day-on-day, down 45 points to 3,179 readings, …

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ENGINE: Americas Bunker Fuel Market Update 6/7/21

ENGINE: Americas Market Update Bunker prices have mixed directions in the Americas amid a day of volatile Brent futures.   Changes on the day to 09.30 CST (14.30 GMT) today: VLSFO prices up in Balboa ($5/mt), Zona Comun ($1/mt), and down in Houston and Los Angeles ($4/mt) and New York ($2/mt) LSMGO prices down in …

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ENGINE: East of Suez Bunker Fuel Market Update 6/7/21

ENGINE: East of Suez Bunker Fuel Market Update East of Suez bunker prices are on the rise for a second day, as Brent values have jumped above $77/bbl.   Changes on the day to 16.00 SGT (08.00 GMT) today: VLSFO prices up in Zhoushan ($10/mt), Singapore and Fujairah ($9/mt) LSMGO prices up in Fujairah ($34/mt), …

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Daily Capesize Review 5/7/21

Capesize freight rates continued to lose ground on thin trading activities amid sluggish shipping demand. The Capesize 5 time charter average, then plunged down by $1,333 day-on-day to $27,773 on Monday, after selloff session. The Baltic Dry Index (BDI) also dropped by 1.86% day-on-day, down 61 points to 3,224 readings, due to the weakening freight …

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