Category archives: Fuel Oil

Daily Capesize Review 2/3/21

Capesize freight rates rose higher on bullish paper market, despite slow physical activities in both basins. The Capesize 5 time charter average then hiked up by $473 day-on-day to $12,152 on Tuesday, due to better FFA market. The Baltic Dry Index (BDI) also jumped by 1.33% or 22 points to 1,673 readings, amid better freight …

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Iron Ore Offshore April 21 Morning Technical Comment – 240 Min Chart (rolling contract) 02/03/21

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FIS Fuel Oil Morning Report 02/03/21

Brent crude dropped 70 cents, or 1.1%, to $62.99 a barrel by 0457 GMT, after losing 1.1% the previous day. U.S. West Texas Intermediate (WTI) crude fell 71 cents, or 1.2%, to $59.93 a barrel, having lost 1.4% on Monday. The OPEC meeting that is due on the 4th March is making oil market participants …

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Daily Capesize Review 1/3/21

Capesize freight rates dipped lower on thin market activities, due to trade participants’ concerns over unfavorable weathers and lengthy ballaster list. The Capesize 5 time charter average then dropped by $255 day-on-day to $11,679 on Monday, due to weak physical market. The Baltic Dry Index (BDI) also fell further by 1.43% or 24 points to …

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Fuel Oil Morning Report 01/03/21

Oil prices rebounded more than $1 on Monday after the U.S. House of Representatives passed a huge stimulus package, although a drop in China’s February factory activity growth capped gains. Brent crude futures for May rose $1.07, or 1.7%, to $65.49 per barrel by 0410 GMT. The April contract expired on Friday. U.S. West Texas …

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