Category archives: Fuel Oil

ENGINE: East of Suez Bunker Fuel Market Update 31/8/21

East of Suez bunker prices are up from Friday’s levels, tracking higher Brent crude values.   Changes on the day to 16.00 SGT (08.00 GMT) today: VLSFO prices up in Zhoushan ($9/mt), Fujairah ($6/mt) and Singapore ($4/mt) LSMGO prices up in Zhoushan ($10/mt), and steady in Fujairah and Singapore HSFO380 prices up in Zhoushan ($19/mt), …

Continue reading “ENGINE: East of Suez Bunker Fuel Market Update 31/8/21”

ENGINE: Europe & Africa Bunker Fuel Market Update 31/8/21

European and African bunker prices have come up on the back of Brent, and rough weather continues to disrupt anchorage bunkering in Algoa Bay.   Changes on the day from Friday to 08.00 GMT today: VLSFO prices up in Rotterdam ($13/mt), Gibraltar ($11/mt) and Durban ($9/mt) LSMGO prices up in Rotterdam ($18/mt), Gibraltar ($11/mt) and …

Continue reading “ENGINE: Europe & Africa Bunker Fuel Market Update 31/8/21”

Morning Oil Report 31/08/21

At 10:45 am Singapore time (0245 GMT), the ICE October Brent futures contract was down 46 cents/b (0.63%) from the previous close at $72.95/b while the NYMEX October light sweet crude contract was down 41 cents/b (0.60%) at $68.80/b.   Due to the damage from torrential rain, flooding, and cyclonic winds, approximately 12% of the …

Continue reading “Morning Oil Report 31/08/21”

ENGINE: Global Physical Bunker Market Update 27/8/21

Bunker prices have recorded gains across global bunkering hubs today, tracking higher Brent crude values.   Changes in the day to 08.00 GMT today: VLSFO prices up in Rotterdam ($10/mt), Gibraltar ($9/mt), Fujairah ($8/mt), Houston ($6/mt) and Singapore ($3/mt) LSMGO prices up in Houston ($18/mt), Fujairah ($10/mt), Gibraltar ($9/mt), Rotterdam ($7/mt) and Singapore ($5/mt) HSFO380 …

Continue reading “ENGINE: Global Physical Bunker Market Update 27/8/21”

Oil Morning Report 27/08/21

Brent crude futures rose 98 cents, or 1.4%, to $72.05 a barrel at 0542 GMT, after falling 1.6% on Thursday. U.S. West Texas Intermediate (WTI) crude futures climbed 93 cents, or 1.4%, to $68.35 a barrel, clawing back a 1.4% loss on Thursday.   Following its recovery over the last week, the oil rally appears …

Continue reading “Oil Morning Report 27/08/21”

ENGINE: Global Physical Bunker Market Update 26/8/21

Global bunker prices are moving in mixed directions across ports today, while Brent has inched up by another 1% on the day.   Changes in the day to 08.00 GMT today: VLSFO prices up in Houston ($9/mt), Rotterdam ($4/mt), Gibraltar ($11/mt), Singapore ($2/mt) steady in Fujairah and down in Gibraltar ($2/mt) LSMGO prices up in …

Continue reading “ENGINE: Global Physical Bunker Market Update 26/8/21”

Daily Capesize Review 25/8/21

Capesize freight rates took a breather from recent bullish run, as trade participants went for profit-takings in the paper market. The Capesize 5 time charter average, then fell by $810 day-on-day to $50,662 on Thursday, following the market selloff, despite good market fundamentals. The Baltic Dry Index (BDI) followed the dip and dropped to $4,193, …

Continue reading “Daily Capesize Review 25/8/21”