Category archives: Fuel Oil

Morning Fuel Oil Report 18/08/21

Morning Oil Report   After flitting around Tuesday’s close in Asian morning trade, Brent crude was up 23 cents or 0.3% at $69.26 a barrel by 0512 GMT. U.S. oil gained 24 cents or 0.4% to $66.83 a barrel.   API Crude -1.163M Cushing -1.735M Gasoline -1.1979M Distillate +0.502M     US crude inventories declined …

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ENGINE: Global Bunker Fuel Market Update 17/08/21

ENGINE: Global Market Update   Global bunker prices are moving in mixed directions today, while Brent prices have dropped further on the day.   Changes in the day to 08.00 GMT today:   VLSFO prices down in Singapore and Gibraltar ($1/mt), up in Fujairah ($1/mt), Rotterdam ($3/mt) and Houston ($7/mt)     LSMGO prices down …

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Daily Capesize Review 16/8/21

Capesize freight rates continued to ride on upward momentum with better market optimism for shipping demand, amid tight tonnage. The Capesize 5 time charter average, then rose by $711 day-on-day to $40,237 on Monday, due improving freight rates. The Baltic Dry Index (BDI) also hiked up further at record levels to $3,606, up 1.12% day-on-day, …

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Morning Fuel Oil Report 17/08/21

Morning Oil Report   At 11:20 am Singapore time (0320 GMT), the October ICE Brent futures contract was up 4 cents/b (0.06%) from the previous close at $69.55/b, while the NYMEX September light sweet crude contract was 8 cents/b (0.12%) higher at $67.37/b.   Despite the global resurgence of COVID-19, Wall Street investment banks are …

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ENGINE: Global Bunker Fuel Market Update 16/08/21

ENGINE: Global Market Update   Global bunker prices have dropped across ports, down from Friday’s levels and tracking lower Brent crude values.   Changes in the day to 08.00 GMT today: VLSFO prices down in Rotterdam ($18/mt), Fujairah ($12/mt), Houston ($11/mt), Singapore ($9/mt) and Gibraltar ($7/mt) LSMGO prices down in Fujairah ($21/mt), Singapore ($13/mt), Rotterdam …

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Daily Capesize Review 13/8/21

Capesize freight rates continued to hike on better market activities with strong showing from the Atlantic basins. The Capesize 5 time charter average, then rose by $1,309 day-on-day to $39,526 on Friday, due improving freight rates. The Baltic Dry Index (BDI) also hiked up over decade level at 3,566, up 1.80% day-on-day, after a string …

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Morning Fuel Oil Report 16/08/21

Morning Oil Report   At 10:51 am Singapore time (0251 GMT), the ICE October Brent futures contract was down 80 cents/b (1.13%) from the previous close at $69.79/b, while the NYMEX September light sweet crude contract similarly fell 77 cents/b (1.13%) at $67.67/b.   Yet again, oil has fallen from the end of Friday’s trading …

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