Category archives: Fuel Oil

FIS Fuel Oil Morning Report 23/06/2021

At 10:35 am Singapore time (0235 GMT), the ICE August Brent futures contract was up 38 cents/b (0.51%) from the previous settle at $75.19/b, while the NYMEX August light sweet crude contract was 29 cents/b (0.4%) higher at $73.14/b.   Oil came under slight pressure yesterday with the Brent benchmark settling slightly lower than the …

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Daily Capesize Review 21/6/21

Capesize freight rates continued to soften at the start of the week, following the previous slump over bearish market sentiments. The Capesize 5 time charter average, then dropped down by $630 day-on-day to $32,785 on Monday, after a selloff in the paper market. The Baltic Dry Index (BDI) then slipped down by 0.87% on-day, down …

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FIS Fuel Oil Morning Report 22/06/21

At 11:11 am Singapore time (0311 GMT), the August ICE Brent crude futures contract was up 23 cents/b (0.31%) from the previous settle at $75.13/b, while the NYMEX July light sweet crude contract slipped 2 cents/b (0.03%) at $73.64b.   The stability in prices this morning comes after both markers closed at landmark highs on …

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Daily Capesize Review 18/6/21

Capesize freight rates plunged to a sharp drop after a cooling off from the physical market after a handful of trades. The Capesize 5 time charter average, then slumped down by $1,515 day-on-day to $33,415 on Friday, after sharp drops seen in both basins. The Baltic Dry Index (BDI) then dropped by 1.50% on-day, down …

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