Capesize freight rates continued to slide on muted trading activities, amid softening physical market. The Capesize 5 time charter average then slipped further by $458 day-on-day to $15,675 on Friday, after some short selling in the paper market. The Baltic Dry Index (BDI) also declined further by 1.22 % day-on-day or 18 points to 1,452 …
Category archives: Fuel Oil
FIS Fuel Oil Morning Report 01/02/2021
The week began with gains in early trading for both Brent and U.S. crude. Brent futures increasing 36c to $55.40 per barrel and WTI rising 24c to $52.44 (06:12GMT.) Prices have been boosted by vaccination programmes getting underway in hard-hit countries as well as output cuts by major producers. (Reuters) A delegate has claimed …
Fuel Oil Daily Evening Report 29/1/21
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European Close 29/1/21
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Daily Capesize Review 28/1/21
Capesize freight rates slid further on weakening physical market, due to low shipping demand and bearish market outlook. The Capesize 5 time charter average then dropped further by $1,657 day-on-day to $16,133 on Thursday, following a short sharp selloff in the paper market. The Baltic Dry Index (BDI) also went down further by 4.55 % …
Fuel Oil Morning Report 29/1/21
Brent crude futures for March rose 4 cents, or 0.1%, to $55.57 a barrel at 0520 GMT, after falling 0.5% in the previous session. The Brent March contract expires on Friday. The more active April contract rose 13 cents, or 0.2%, to $55.23. U.S. West Texas Intermediate (WTI) crude futures slipped 7 cents to $52.27 …
European Close 28/1/21
Please click below to view the report For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004 US (KS): +1 813 490 6630
Fuel Oil Daily Evening Report 28/1/21
Please click below to view the report For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004 US (KS): +1 813 490 6630
FIS Fuel Oil Morning Report 28/1/21
U.S. West Texas Intermediate (WTI) crude futures fell 33 cents, or 0.62%, to $52.52 a barrel at 0452 GMT, erasing Wednesday’s gain. Brent crude futures fell 36 cents, or 0.65%, to $55.45 a barrel before softening to lows of $55.31 by 0710GMT, after losing 10 cents on Wednesday. EIA week ending 1/22 Crude oil: …
Daily Capesize Review 27/1/21
Capesize freight rates continued the downward trend with softening physical market that caused a selloff in the paper market. The Capesize 5 time charter average then dived further by $2,919 day-on-day to $17,790 on Wednesday, despite some late buying activities as some buyers tried to pick from the market bottom. The Baltic Dry Index (BDI) …