Category archives: Fuel Oil

Daily Capesize Review 8/9/21

Capesize freight rates dropped further on lower bookings, despite Brazilian miners making more fixtures but failed to support higher rates. The Capesize 5 time charter average, then dropped by $1,702 day-on-day to $40,518 on Wednesday, after a choppy market. The Baltic Dry Index (BDI) also fell by $89, down 2.40% day-on-day, to $3,618, due to …

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FIS Fuel Oil Morning Report 09/09/21

At 11:08 am Singapore time (0308 GMT), ICE November Brent futures was 23 cents/b (0.32%) higher at $72.83/b while the NYMEX October WTI contract was up 14 cents/b (0.20%) at $69.44/b.   API Crude -2.882M Cushing +1.794M Gasoline -6.414M Distillate -3.748M   In inventory news, the US commercial crude stocks declined 2.88 million barrels in …

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FIS Castaway Podcast – Episode 71 08/09/21

    FIS Castaway Podcast – Episode 71   Where will these markets go? Freight, iron ore and oil get the technical treatment, with our Senior Technical Analyst Ed Hutton in this week’s podcast.     Listen Below:   Website – https://freightinvestorservices.com/blog/fis-castaway-eps-71/   Spotify – https://open.spotify.com/episode/3q2iLyHcb4DkxZVE7BBz75?si=P1I8wE9qQs-dfiSI9AjMuw&dl_branch=1   iTunes – https://podcasts.apple.com/gb/podcast/episode-71/id1507094242?i=1000534685465           Disclaimer: This …

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ENGINE: Europe & Africa Bunker Fuel Market Update 8/9/21

Bunker prices have taken mixed directions across European and African bunkering ports in the past day, and St. Petersburg and Ust-Luga continue to price VLSFO well below Rotterdam and other ports.   Changes on the day to 08.00 GMT today: VLSFO prices steady in Gibraltar, and down in Durban ($3/mt) and Rotterdam ($6/mt) LSMGO prices …

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ENGINE: East of Suez Bunker Fuel Market Update 8/9/21

East of Suez bunker prices are mostly up on the day, and Fujairah’s fuel oil stocks have grown amid weaker demand.   Changes on the day to 16.00 SGT (08.00 GMT) today: VLSFO prices up in Fujairah and Zhoushan ($5/mt) and Singapore ($1/mt) LSMGO prices up in Fujairah and Zhoushan ($34/mt), and down in Singapore …

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Daily Capesize Review 7/9/21

Capesize freight rates slid downward on lower bookings, despite active fixtures as freight market headed for more corrections. The Capesize 5 time charter average, then dropped by $2,245 day-on-day to $42,220 on Tuesday, after a volatile market. The Baltic Dry Index (BDI) then fell by $115, down 3.01% day-on-day, to $3,707, due to softening freight …

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FIS Fuel Oil Morning Report 08/09/21

At 10:40 am Singapore time (0240 GMT), ICE November Brent futures were 2 cents/b (0.03%) higher at $71.71/b while the NYMEX October WTI contract was up 14 cents/b (0.20%) at $68.49/b.   Chinese crude imports in August rose 8% on the month to 10.53 million b/d, or 44.53 million mt, according to General Administration of …

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