Category archives: Fuel Oil

Daily Capesize Review 5/5/21

Capesize freight rates continued to rise on the thriving FFA market, buoyed by robust steel demand in China. The Capesize 5 time charter average then rose up by $1,858 day-on-day to $44,819 on Wednesday, due to better market outlook. The Baltic Dry Index (BDI) also went up by 3.45% or 109 points on-day to 3,266 …

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FIS Fuel Oil Morning Report 06/05/21

Brent crude oil futures rose by 17 cents, or 0.3%, to $69.13 a barrel by 0343 GMT, and U.S. West Texas Intermediate (WTI) crude futures gained by 8 cents, or 0.1%, to $65.71 a barrel. Both benchmarks had hit their highest since mid-March on Wednesday before retreating.   EIA Report Crude: -7,99 Cushing: 0,254 Distillate: …

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FIS Castaway Podcast – Episode 53 05/05/21

  FIS Castaway Podcast – Episode 53   Japanese power, a red-hot Cape market, rising oil, and iron ore around record levels. Get updated on our main markets as well as battery metals and lumber on this week’s podcast.   Listen Below:   Website https://freightinvestorservices.com/blog/fis-castaway-eps-53/   Spotify https://open.spotify.com/episode/1BWbvExwXnvxfQhuqA3OR9?si=wTn7L6bsSjeT5oHEJSwCfA   iTunes https://podcasts.apple.com/gb/podcast/episode-53/id1507094242?i=1000520255753         Disclaimer: This …

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Daily Capesize Review 4/5/21

Capesize freight rates rebounded on market optimism, supported by strong FFA market amid the long holidays period. The Capesize 5 time charter average then rose up by $2,351 day-on-day to $42,959 on Tuesday, due to better market outlook. The Baltic Dry Index (BDI) also inched up by 3.41% or 104 points on-day to 3,157 readings, …

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FIS Fuel Oil Morning Report 05/05/2021

U.S. West Texas Intermediate (WTI) crude futures rose 48 cents, or 0.7%, to $66.17 a barrel at 0440 GMT, after climbing to $66.58, a level not seen since March 8. Brent crude futures were up 49 cents, or 0.7%, at $69.37 barrel after touching a more than seven-week high of $69.78 earlier in the session. …

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