Category archives: Fuel Oil

ENGINE: Europe & Africa Bunker Fuel Market Update 14/7/21

Bunker prices continue to rise across European and African ports, and supply in South African has come under pressure from mass violence and heavy unrest.   Changes on the day to 08.00 GMT today: VLSFO prices up in Rotterdam ($10/mt), Durban ($8/mt) and Gibraltar ($6/mt) LSMGO prices up in Rotterdam ($10/mt), Durban ($6/mt) and Gibraltar …

Continue reading “ENGINE: Europe & Africa Bunker Fuel Market Update 14/7/21”

ENGINE: East of Suez Bunker Fuel Market Update 14/7/21

East of Suez bunker prices are mostly up on the day, tracking rising Brent values for another day.   Changes on the day to 16.00 SGT (08.00 GMT) today:  VLSFO prices up in Singapore ($6/mt), Fujairah ($5/mt) and steady in Zhoushan LSMGO prices up in Singapore ($5/mt), steady in Fujairah, and down in Zhoushan HSFO380 …

Continue reading “ENGINE: East of Suez Bunker Fuel Market Update 14/7/21”

Daily Capesize Review 13/7/21

Capesize freight rates slumped into losses after some panic selling in the paper market, as freight rates declined in the physical market. The Capesize 5 time charter average, then plunged down by $994 day-on-day to $30,272 on Tuesday, after selling pressure in the paper market. The Baltic Dry Index (BDI) also dropped by 2.18% day-on-day, …

Continue reading “Daily Capesize Review 13/7/21”

FIS Fuel Oil Morning Report 14/07/21

At 10:35 am Singapore time (0235 GMT), the ICE September Brent futures contract was down 18 cents/b (0.24%) from the previous close at $76.31/b, while the NYMEX August light sweet crude contract was down 23 cents/b (0.31%) at $75.02/b. Concerns about supply tightness have been heightened by the OPEC+ alliance’s ongoing stalemate over production quotas …

Continue reading “FIS Fuel Oil Morning Report 14/07/21”

Daily Capesize Review 12/7/21

Capesize freight rates continued to stay afloat with slight gains, though there was some softening in the Pacific and the Atlantic basins. The Capesize 5 time charter average, then inched up by $294 day-on-day to $31,266 on Monday, byproduct of the recent rally in the FFA market.   Slow market activities despite healthy cargo list …

Continue reading “Daily Capesize Review 12/7/21”

FIS Fuel Oil Morning Report 13/07/21

At 10:24 am Singapore time (0224 GMT), the ICE September Brent futures contract was up 16 cents/b (0.21%) from the previous close to $75.32/b, while the NYMEX August light sweet crude contract was up 17 cents/b (0.23%) at $74.27/b.   Brent crude oil complex remains in a mixed territory at present owing to the precarious …

Continue reading “FIS Fuel Oil Morning Report 13/07/21”

ENGINE: Americas Bunker Fuel Market Update 12/7/21

Most bunker prices have moved markedly down in the Americas, and Zona Comun’s VLSFO price has swung to discounts to some Brazilian ports further north.    Changes on the day to 09.30 CST (14.30 GMT) today:  VLSFO prices up in Balboa ($1/mt), and down in New York ($12/mt), Los Angeles ($11/mt), Zona Comun ($9/mt) and Houston ($5/mt)  …

Continue reading “ENGINE: Americas Bunker Fuel Market Update 12/7/21”