Category archives: Fuel Oil

ENGINE: Europe & Africa Bunker Fuel Market Update 3/9/21

Most European and African bunker prices have made significant gains with support from a 2% Brent rise in the past day.   Changes on the day to 08.00 GMT today: VLSFO prices up in Gibraltar ($16/mt) and Rotterdam ($10/mt), and down in Durban ($7/mt) LSMGO prices up in Gibraltar ($14/mt), Durban ($13/mt) and Rotterdam ($12/mt) …

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Daily Capesize Review 2/9/21

Capesize freight rates rebounded from previous slump, as tonnage list was shortened with better shipping demand. The Capesize 5 time charter average, then rose by $420 day-on-day to $47,407 on Thursday, as market sentiments improved. The Baltic Dry Index (BDI) however, dropped by $12, down 0.30% day-on-day, to $4,001, due to softening freight rates.   …

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Fuel Oil Morning Report 03/09/21

At 12:19 pm Singapore time (0419 GMT), the ICE November Brent futures contract was down 1 cent/b (0.01%) from the previous close at $73.02/b while the NYMEX October light sweet crude contract was down 14 cents/b (0.2%) at $69.85/b.   The latest Energy Information Administration data released late Sept. 2 showed that US crude inventories …

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ENGINE: East of Suez Bunker Fuel Market Update 2/9/21

East of Suez bunker prices are mostly up on the day, while some ports have seen small losses amid a dip for Brent.   Changes on the day to 16.00 SGT (08.00 GMT) today: VLSFO prices up in Singapore ($3/mt), Zhoushan ($2/mt), and down in Fujairah ($1/mt) LSMGO prices up in Singapore and Zhoushan ($5/mt), …

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ENGINE: Europe & Africa Bunker Fuel Market Update 2/9/21

Bunker prices have mostly been rangebound in European bunkering hubs the past day, and HSFO380 remains tight in several northern European ports.   Changes on the day to 08.00 GMT today: VLSFO prices up in Durban ($25/mt), Rotterdam and Gibraltar ($1/mt) LSMGO prices up in Durban ($35/mt) and Rotterdam ($5/mt), and steady in Gibraltar HSFO …

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Daily Capesize Review 1/9/21

Capesize freight rates continued its downward trajectory, with both basins came under selling pressures as tonnages began to return. The Capesize 5 time charter average, then fell further by $2,102 day-on-day to $46,987 on Wednesday, after much selling pressures. The Baltic Dry Index (BDI) followed the decline and dropped by $119, down 2.88% day-on-day, to …

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Morning Oil Report 02/09/21

At 10:40 am Singapore time (0240 GMT), the ICE November Brent futures contract was down 35 cents/b (0.49%) from the previous close at $71.24/b, while the NYMEX October light sweet crude contract was 43 cents/b (0.63%) lower at $68.16/b.   The OPEC+ alliance in its meeting Sept. 1 agreed to increase crude output by 400,000 …

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