Category archives: Fuel Oil

Morning Oil Report 11/5/21

U.S. West Texas Intermediate (WTI) crude futures fell 40 cents, or 0.6%, to $64.52 a barrel at 0247 GMT, after gaining 2 cents on Monday. Brent crude futures dropped 45 cents, or 0.7%, to $67.87 a barrel, after climbing 4 cents on Monday   Reports of the hacking of the Colonial pipeline ensured that oil …

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Morning Oil Report 10/5/21

At 11:46 am Singapore time (0346 GMT), the ICE Brent July contract was up 29 cents/b (0.42%) from the May 7 settle at $68.57/b, while the June NYMEX light sweet crude contract was up 19 cents/b (0.29%) at $64.90/b.   As a result of the positive tracks made with the UK vaccine programme, fuel sales …

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Daily Capesize Review 7/5/21

Capesize freight rates went into correction after recent paper market rally over thin physical market activities. The Capesize 5 time charter average then plunged into a sharp drop and went down by $1,338 day-on-day to $41,514 on Friday. The Baltic Dry Index (BDI) however dropped slightly by 0.90% or 29 points on-day to 3,183 readings, …

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Fuel Oil Morning Report 07/05/21

Brent crude futures for July were at $68.47 a barrel by 0338 GMT, up 38 cents, or 0.6%, while U.S. West Texas Intermediate (WTI) crude for June rose 38 cents, or 0.6%, to $65.09. Both Brent and WTI are on track for a second weekly gain.   Data released this week regarding economic growth for …

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Daily Capesize Review 6/5/21

Capesize freight rates dived sharply upon political risks with worsening relations between Australia and China and its impact on the iron ore trades. The Capesize 5 time charter average then reversed into huge losses and went down by $1,965 day-on-day to $42,852 on Thursday. The Baltic Dry Index (BDI) also dropped by 1.65% or 54 …

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