Category archives: Fuel Oil

FIS Fuel Oil Morning Report 29/03/21

Brent oil was down $1.38, or 2.1%, at $63.19 a barrel by 0511 GMT. U.S. crude fell 1.48 cents, or 2.4%, to $59.49 a barrel.   New over the weekend was seemingly dominated by the ongoing situation in the Suez Canal, that is disrupting Trade flows through Egypt, between Europe and Asia. Overnight on Sunday, …

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Oil and Ore Intraday Morning Technical 26/03/21

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FIS Fuel Oil Morning Report 26/03/21

Brent crude was higher by 54 cents, or 0.9%, at $62.49 a barrel by 0432 GMT, after dropping 3.8% on Thursday before pushing to just under $63.00 by 0700GMT. U.S. West Texas Intermediate (WTI) crude was up 65 cents, or 1.1%, at $59.21 a barrel, having tumbled 4.3% a day earlier. Both benchmarks were on …

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Daily Capesize Review 25/3/21

Capesize freight rates rebounded slightly with some improvement in the key trading routes amid sluggish market. The Capesize 5 time charter average then rose by $124 day-on-day to $18,490 on Thursday, with improving market sentiment on shipping demand. The Baltic Dry Index (BDI), however continued to drop by 1.00% or 22 points to 2,172 readings, …

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