FIS Fuel Oil Morning Report 04/06/21

At 11:06 am Singapore time (0306 GMT), the ICE Brent August contract was down 26 cents/b (0.36%) from the previous settle at $71.05/b, while the July NYMEX light sweet crude contract was down 19 cents/b (0.28%) at $68.62/b.   EIA week ending 5/28 Crude oil: -5.1M Gasoline: +1.5M Distillates: +3.7M Refiner utilz: 88.7% Impld mogas …

FIS Fuel Oil Morning Report 03/06/21

Brent crude futures were up 49 cents, or 0.7%, at $71.84 a barrel by 0233 GMT, the highest since September 2019. The international benchmark gained 1.6% on Wednesday. U.S. West Texas Intermediate crude futures rose 44 cents, or 0.6%, to $69.27 a barrel. Prices earlier rose to as much as $69.32, the most since October …

Daily Capesize Review 2/6/21

Capesize freight rates slumped from a sharp selloff, due to bearish market sentiment on the Atlantic basin. The Capesize 5 time charter average, then plunged down by $1,301 day-on-day to $23,731 on Wednesday, despite a recent rebound in the market. The Baltic Dry Index (BDI) also dropped by 1.48% or 38 points on-day to 2,530 …

FIS Castaway Podcast – Episode 57 02/06/21

    FIS Castaway Podcast – Episode 57   All aboard the Commodity Express as we talk about the movers and shakers from the rollercoaster of freight and commodity markets this week.   Listen Below:   Website https://freightinvestorservices.com/blog/fis-castaway-eps-57/   Spotify https://open.spotify.com/episode/3Tu7McT76931ui6fgHrGq4?si=2Upof0N_Toq57n5yN69bVA   iTunes https://podcasts.apple.com/gb/podcast/episode-57/id1507094242?i=1000523903988         Disclaimer: This podcast is a marketing communication and is …

Daily Capesize Review 1/6/21

Capesize freight rates rebounded from previous losses and holidays lull, as the improving Pacific basin offered market supports. The Capesize 5 time charter average, however still fell by $582 day-on-day to $25,032 on Tuesday, despite the rebound as more trade participants returned from holiday period. The Baltic Dry Index (BDI) then fell by 1.08% or …