Category archives: Fuel Oil

Fuel Oil Morning Report 21/09/21

At 10:57 am Singapore time (0257 GMT), the ICE November Brent futures contract was up 62 cents/b (0.84%) from the previous close at $74.54/b, while the NYMEX October light sweet crude contract rose 64 cents/b (0.91%) to $70.93/b.   Analysts have said that higher gas prices spurred by the tightness in the European gas market …

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ENGINE: Americas Bunker Fuel Market Update 20/9/21

Most prices are down across bunkering ports in the Americas, and weather disruptions are expected to halt deliveries in Zona Comun until tomorrow.   Changes on the day from Friday, to 09.30 CST (14.30 GMT) today: VLSFO prices up in Houston ($16/mt), and down in Los Angeles ($18/mt), Zona Comun ($7/mt), Balboa ($4/mt) and New …

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ENGINE: East of Suez Bunker Fuel Market Update 20/9/21

Most bunker prices have slipped across East of Suez ports over the weekend, tracking lower Brent values.   Changes on the day from Friday, to 16.00 SGT (08.00 GMT) today: VLSFO prices steady in Singapore, and down in Zhoushan ($12/mt) and Fujairah ($9/mt) LSMGO prices down in Zhoushan ($7/mt), Singapore ($5/mt) and Fujairah ($3/mt) HSFO380 …

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ENGINE: Europe & Africa Bunker Fuel Market Update 20/9/21

Bunker prices have slipped further down with Brent over the weekend, and gale is set to suspend bunkering in Algoa Bay this afternoon.   Changes on the day from Friday, to 08.00 GMT today: VLSFO prices down in Rotterdam and Durban ($7/mt) and Gibraltar ($3/mt) LSMGO prices down in Gibraltar ($4/mt). Rotterdam and Durban ($3/mt) …

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Morning Oil Report 20/9/21

Brent crude futures fell 48 cents, or 0.6%, to $74.86 a barrel at 0410 GMT after losing 33 cents on Friday. U.S. West Texas Intermediate (WTI) crude futures fell 55 cents, or 0.8%, to $71.42 a barrel, after declining by 64 cents on Friday.   Oil fell with the greenback near a three-week high following …

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Daily Capesize Review 17/9/21

Capesize freight rates rebounded from a series of corrections, after gains were made in both basins. The Capesize 5 time charter average, then rose by $959 day-on-day to $53,240 on Friday, despite the absence of Chinese trade participants as they prepared for holiday celebrations. The Baltic Dry Index (BDI) then jumped by $60, up 1.42% …

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ENGINE: East of Suez Bunker Fuel Market Update 17/9/21

Bunker prices are mostly down across East of Suez hubs as Brent has slipped on the day.   Changes on the day to 16.00 SGT (08.00 GMT) today: · VLSFO prices down in Singapore ($6/mt), Fujairah ($4/mt) and Zhoushan ($2/mt) · LSMGO prices down in Fujairah ($12/mt), Singapore ($5/mt) and steady in Zhoushan · HSFO380 …

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ENGINE: Europe & Africa Bunker Fuel Market Update 17/9/21

European and African bunker prices are hovering close to two-months highs after a day of steady levels.   Changes on the day to 08.00 GMT today: · VLSFO prices steady in Rotterdam, and down in Durban ($3/mt) and Gibraltar ($2/mt) · LSMGO prices steady in Gibraltar, and down in Rotterdam ($3/mt) and Durban ($2/mt) · …

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