Category archives: Fuel Oil

Morning Oil Report 17/9/21

At 10:41 am Singapore time (0241 GMT), the ICE November Brent futures contract was down 16 cents/b (0.21%) from the previous close at $75.51/b, while the NYMEX October light sweet crude contract was 15 cents/b (0.21%) lower at $72.46/b. Demand concerns have resurfaced as China battles a fresh outbreak of COVID-19 cases in southern Fujian …

Continue reading “Morning Oil Report 17/9/21”

ENGINE: Americas Bunker Fuel Market Update 16/9/21

Bunker prices have retreated from seven-week highs in the Americas as Brent runs out of steam. Changes on the day to 09.30 CST (14.30 GMT) today: · VLSFO prices down in Houston ($17/mt), New York and Los Angeles ($12/mt), Balboa and Zona Comun ($11/mt) · LSMGO prices down in Los Angeles ($35/mt), Zona Comun ($21/mt), …

Continue reading “ENGINE: Americas Bunker Fuel Market Update 16/9/21”

Daily Capesize Review 16/9/21

Capesize freight rates slid downward due to market uncertainty and discounted paper curve, with concerns over falling iron prices. The Capesize 5 time charter average, then dropped by $1,100 day-on-day to $52,281 on Thursday, as market participants were more cautious over mixed outlook. The Baltic Dry Index (BDI) then dipped by $18, down 0.43% day-on-day, …

Continue reading “Daily Capesize Review 16/9/21”

ENGINE: East of Suez Bunker Fuel Market Update 16/9/21

East of Suez bunker prices have risen to their highest point yet this year after Brent passed the $75/bbl mark, and bunkering has resumed in Shanghai.   Changes on the day to 16.00 SGT (08.00 GMT) today: VLSFO prices up in Singapore ($12/mt), Fujairah ($9/mt) and Zhoushan ($4/mt) LSMGO prices up in Fujairah ($5/mt) and …

Continue reading “ENGINE: East of Suez Bunker Fuel Market Update 16/9/21”

ENGINE: Europe & Africa Bunker Fuel Market Update 16/9/21

Bunker prices have reached two-month highs in Rotterdam and Gibraltar, and a bout of rough weather could disrupt bunkering off Skaw.   Changes on the day to 08.00 GMT today: VLSFO prices up in Durban ($10/mt), Rotterdam and Gibraltar ($9/mt) LSMGO prices up in Durban ($13/mt), Gibraltar ($12/mt) and Rotterdam ($7/mt) HSFO prices up in …

Continue reading “ENGINE: Europe & Africa Bunker Fuel Market Update 16/9/21”

ENGINE: Americas Bunker Fuel Market Update 15/9/21

A $2/bbl Brent rally has sent bunker prices up across the board in the Americas, and port operations have normalised in the Houston area.   Changes on the day to 09.30 CST (14.30 GMT) today: VLSFO prices up in Zona Comun ($18/mt), New York ($17/mt), Los Angeles ($15/mt), Houston ($14/mt) and Balboa ($12/mt) LSMGO prices …

Continue reading “ENGINE: Americas Bunker Fuel Market Update 15/9/21”

FIS Fuel Oil Morning Report 16/09/21

At 11 am Singapore time (0300 GMT), the ICE November Brent futures contract was up 28 cents/b (0.37%) from the previous close at $75.74/b while the NYMEX October light sweet crude contract rose 26 cents/b (0.36%) at $72.87/b.   EIA week ending 9/10 Crude oil: -6.4M Gasoline: -1.9M Distillates: -1.7M Refiner utilz: 82.1% Impld mogas …

Continue reading “FIS Fuel Oil Morning Report 16/09/21”