Category archives: Fuel Oil

Daily Capesize Review 2/7/21

Capesize freight rates continued to dip after a market pullback from limited activities in the physical market. The Capesize 5 time charter average, then nosedived down by $1,494 day-on-day to $29,106 on Friday, after a choppy market. The Baltic Dry Index (BDI) also fell by 1.59% day-on-day, down 53 points to 3,285 readings, following the …

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FIS Fuel Oil Morning Report 05/07/21

At 11:32 am Singapore time (0332 GMT), the ICE September Brent crude futures contract slipped 8 cents/b (0.11%) from the previous close at $76.09/b, while the NYMEX August light sweet crude contract was down 11 cents/b (0.15%) at $75.05/b.   With the 4th July celebrations yesterday in the states and the winner of the Hotdog …

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FIS Fuel Oil Morning Report 02/07/21

At 10:26 am Singapore time (0226 GMT), the ICE September Brent futures contract was up 10 cents/b (0.13%) from the previous close at $75.94/b, while the NYMEX August light sweet crude contract was up 8 cents/b (0.11%) at $75.31/b.   Yesterday was spent frantically searching for news from the OPEC+ meeting, only to find that …

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Daily Capesize Review 1/7/21

Capesize freight rates suffered a sharp fall, after a selloff in the session following weakness in the physical market. The Capesize 5 time charter average, then plunged down by $2,004 day-on-day to $30,600 on Thursday, after a series of selling pressure in the market. The Baltic Dry Index (BDI) also fell by 1.33% day-on-day, down …

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