Category archives: Fuel Oil

FIS Fuel Oil Morning Report 23/03/21

Brent crude futures for May dropped by 68 cents, or 1.1% to $63.94 at 0149 GMT, erasing a 9 cent gain in the previous session. U.S. West Texas Intermediate (WTI) crude futures for May delivery fell 62 cents, or 1%, to $60.94 a barrel. The April contract expired on Monday at $61.55, up 13 cents …

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Daily Capesize Review 22/3/21

Capesize freight rates continued to push forward with firm support from smaller vessels, amid market expectation of more iron ore shipments in Q2. The Capesize 5 time charter average then inched up by $314 day-on-day to $19,751 on Monday, despite thin market activities at the start of the week. The Baltic Dry Index (BDI) also …

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FIS Fuel Oil Morning Report 22/03/21

Brent crude was down 60 cents, or 0.9%, at $63.93 a barrel by 0136 GMT before softening sharply to print $63.60 by 0715GMT. U.S. oil was off by 68 cents, or 1.1%, at $60.74 a barrel. Both contracts fell by more than 6% last week.   Oil rose more than 2% in volatile trading on …

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Daily Capesize Review 19/3/21

Capesize freight rates inched upward, despite slow shipping activities and market concerns over disruptions of Australian coal shipments. The Capesize 5 time charter average then increased by $564 day-on-day to $19,437 on Friday, due to improvement in the physical market. The Baltic Dry Index (BDI) also surged up higher by 2.98% or 66 points to …

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