Category archives: Fuel Oil

FIS Fuel Oil Morning Report 29/06/21

At 10:55 am Singapore time (0255 GMT), the ICE August Brent futures contract was down 34 cents/b (0.46%) from the previous close at $74.34/b, while the NYMEX August light sweet crude contract was down 28 cents/b (0.38%) at $72.63/b. This downtrend continues from overnight when front month Brent and NYMEX light sweet crude markers closed …

Continue reading “FIS Fuel Oil Morning Report 29/06/21”

Daily Capesize Review 28/6/21

Capesize freight rates inched up after a slow start of the week, despite improvement seen in both basins. The Capesize 5 time charter average, then rose up by $279 day-on-day to $33,348 on Monday, despite limited fixtures done in the physical market. The Baltic Dry Index (BDI) also hiked up by 2.12% day-on-day, up 69 …

Continue reading “Daily Capesize Review 28/6/21”

FIS Fuel Oil Morning Report 28/06/21

At 10:18 am Singapore time (0218 GMT), the ICE August Brent futures contract inched slightly lower by 3 cents/b (0.04%) from the previous settle at $76.15/b, while the NYMEX August light sweet crude contract dipped 3 cents/b (0.04%) at $74.05/b.   Crude prices are hovering at their highest levels since October 2018 as the demand …

Continue reading “FIS Fuel Oil Morning Report 28/06/21”

Daily Capesize Review 25/6/21

Capesize freight rates rebounded again in the volatile market, due to better market optimism over the Q3 period. The Capesize 5 time charter average, then hiked up by $1,051 day-on-day to $33,069 on Monday, with some improvement seen in the physical market. The Baltic Dry Index (BDI) then spotted a gain of 2.52% day-on-day, up …

Continue reading “Daily Capesize Review 25/6/21”