Category archives: Fuel Oil

Daily Capesize Review 14/4/21

Capesize freight rates continued to rise despite mixed market movement between the paper and physical market. The paper market was pushing for greater height, while the physical market took a breather from flurry of fixtures done previously. The Baltic Dry Index (BDI) also rallied by 1.78% or 38 points to 2,178 readings, due to record-high …

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FIS Fuel Oil Morning Report 15/04/2021

Brent crude was down by 21 cents, or 0.3%, at $66.37 a barrel by 0129 GMT pushing up to 66.61 by 0630GMT, after gaining 4.6% on Wednesday and closing at the highest since March 17. U.S. West Texas Intermediate futures dropped 25 cents, or 0.4%, to $62.9 a barrel, having risen 4.9% in the previous …

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Daily Capesize Review 13/4/21

Capesize freight rates rose on strong physical fixtures in both basins, despite some weakening in the FFA market. The Capesize 5 time charter average then inched up slightly by $79 day-on-day to $26,055 on Tuesday, after some profit-takings in paper market. The Baltic Dry Index (BDI) however, dipped on softening smaller vessels rates and went …

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FIS Fuel Oil Morning Report 14/04/21

Brent crude futures rose 42 cents, or 0.6%, to $64.09 a barrel at 0421 GMT, after gaining 39 cents on Tuesday. U.S. West Texas Intermediate (WTI) crude futures added 40 cents, or 0.7%, to $60.58 a barrel, following Tuesday’s rise of 48 cents.   API Crude -3.608 Cushing +0.917M Gasoline +5.565M Distillate -3.006M   API …

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