Category archives: Fuel Oil

ENGINE: Europe & Africa Bunker Fuel Market Update 1/9/21

Bunker prices across European ports have been pulled down by declining Brent values, as investors await today’s OPEC+ meeting and US inventory data for more price direction.   Changes on the day to 08.00 GMT today: VLSFO prices down in Gibraltar ($10/mt), Rotterdam ($9/mt) and Durban ($7/mt) LSMGO prices down in Durban ($24/mt), Rotterdam ($17/mt) …

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ENGINE: Americas Bunker Fuel Market Update 31/8/21

Bunker prices have mixed direction across ports in the Americas, and as New Orleans and other Lower Mississippi River ports recover from Hurricane Ida several vessels may be diverted to bunker in US Gulf Coast ports unaffected by the damage.   Changes on the day to 09.30 CST (14.30 GMT) today: VLSFO prices up in …

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Daily Capesize Review 31/8/21

Capesize freight rates fell sharply after the recent rally, as the market consolidated, while profit takings continued in the paper market. The Capesize 5 time charter average, then plunged down by $2,010 day-on-day to $49,089 on Tuesday, after much selling pressures. The Baltic Dry Index (BDI) followed the decline and slid down by $103, down …

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FIS Fuel Oil Morning Report 01/09/21

At 11:15 am Singapore time (0315 GMT), the ICE November Brent futures contract was up 57 cents/b (0.79%) from the previous close at $72.20/b, while the NYMEX October light sweet crude contract was 52 cents/b (0.75%) higher at $69.02/b.   According to estimates from S&P Global Platts Analytics, about 2.2 million b/d of Louisiana refining …

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ENGINE: East of Suez Bunker Fuel Market Update 31/8/21

East of Suez bunker prices are up from Friday’s levels, tracking higher Brent crude values.   Changes on the day to 16.00 SGT (08.00 GMT) today: VLSFO prices up in Zhoushan ($9/mt), Fujairah ($6/mt) and Singapore ($4/mt) LSMGO prices up in Zhoushan ($10/mt), and steady in Fujairah and Singapore HSFO380 prices up in Zhoushan ($19/mt), …

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ENGINE: Europe & Africa Bunker Fuel Market Update 31/8/21

European and African bunker prices have come up on the back of Brent, and rough weather continues to disrupt anchorage bunkering in Algoa Bay.   Changes on the day from Friday to 08.00 GMT today: VLSFO prices up in Rotterdam ($13/mt), Gibraltar ($11/mt) and Durban ($9/mt) LSMGO prices up in Rotterdam ($18/mt), Gibraltar ($11/mt) and …

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Morning Oil Report 31/08/21

At 10:45 am Singapore time (0245 GMT), the ICE October Brent futures contract was down 46 cents/b (0.63%) from the previous close at $72.95/b while the NYMEX October light sweet crude contract was down 41 cents/b (0.60%) at $68.80/b.   Due to the damage from torrential rain, flooding, and cyclonic winds, approximately 12% of the …

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