Category archives: Fuel Oil

FIS Fuel Oil Morning Report 26/01/2021

Brent crude was down 28 cents, or 0.5%, at $55.60 by 0431 GMT, while U.S. crude fell 25 cents, or 0.5%, to $52.52. Both rose nearly 1% on Monday.   The continuing theme of oil being capped comes from the rising coronavirus cases globally, but also the dwindling hope of a stimulus package in the …

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Daily Capesize Review 22/1/21

Capesize freight rates headed south again in another round of volatile trading in the market with concerns over cyclone development and lower shipping demand. The Capesize 5 time charter average then fell further by $884 day-on-day to $24,631 on Friday, with lower paper volume traded in a volatile market. The Baltic Dry Index (BDI) moved …

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Oil Morning Report 25/01/2021

Brent crude futures for March fell 8 cents, or 0.1%, to $55.38 a barrel by 0717 GMT, while U.S. West Texas Intermediate crude for March was at $52.26 a barrel, down 1 cent.   EIA week ending 1/15 Crude oil: +4.4M Gasoline: -0.3M Distillates: +0.5M Refiner utilz: 82.5% Impld mogas demand: 8.11 Mbpd   Prices …

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Daily Capesize Review 21/1/21

Capesize freight rates dipped over market concerns of cyclone threat and mixed outlooks for the freight market. The Capesize 5 time charter average then dipped by $42 day-on-day to $25,515 on Thursday, after a flat trading session with much market focus on the February contract. The Baltic Dry Index (BDI) also moved higher on improving …

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