Category archives: Fuel Oil

Daily Capesize Review 26/2/21

Capesize freight rates continued its downward movement, as the physical market flattened out in both basins. The Capesize 5 time charter average then dropped by $269 day-on-day to $11,934 on Friday, as liquidity dried up in the physical market. The Baltic Dry Index (BDI) also dipped by 1.47% or 25 points to 1,675 readings, amid …

Continue reading “Daily Capesize Review 26/2/21”

Fuel Oil Morning Report 26/02/21

U.S. West Texas Intermediate (WTI) crude futures dropped 72 cents, or 1.1%, to $62.81 a barrel at 0516 GMT, giving up all of Thursday’s gains. Brent crude futures for April, which expires on Friday, fell 63 cents, or 0.9%, to $66.25 a barrel, following a 16-cent loss on Thursday. The more active May contract was …

Continue reading “Fuel Oil Morning Report 26/02/21”

Daily Capesize Review 25/2/21

Capesize freight rates fell on market volatility, despite some upward momentum seen in the C5 in the paper market. The Capesize 5 time charter average then dipped slightly by $112 day-on-day to $12,203 on Thursday, amid a choppy session for the FFAs market. Thus, the Baltic Dry Index (BDI) also dropped slightly by 0.53% or …

Continue reading “Daily Capesize Review 25/2/21”