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Category archives: Fuel Oil
Fuel Oil Daily Evening Report 23/07/21
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Oil and Ore Intraday Morning Technical 23/07/21
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Daily Capesize Review 22/7/21
Capesize freight rates improved due to tightened tonnage over typhoon concerns in the Pacific basin. The Baltic Dry Index (BDI) then increased by 1.47% day-on-day, up 45 points to 3,103 readings, due to the better freight rates. Limited tonnage over typhoon development off China Market participants expected Typhoon In-Fa to constrain vessel supply in …
FIS Fuel Oil Morning Report 23/07/21
Brent crude settled at $73.79 a barrel, up $1.56, or 2.2%, while U.S. West Texas Intermediate (WTI) settled at $71.91 a barrel, rising $1.61, or 2.3%. Over the past few days, oil has been recovering losses from the 7%+ drop that happened earlier in the week. The downtick in prices during the morning trade …
European Close 22/07/21
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Fuel Oil Daily Evening Report 22/07/21
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ENGINE: East of Suez Bunker Fuel Market Update 22/7/21
East of Suez bunker prices have extended yesterday’s gain as Brent rises by more than $2/bbl on the day. Changes on the day to 16.00 SGT (08.00 GMT) today: VLSFO prices up in Fujairah ($17/mt), Zhoushan ($13/mt) and Singapore ($11/mt) LSMGO prices up in Fujairah ($26/mt), Singapore ($8/mt) and Singapore ($10/mt) HSFO380 prices up …
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ENGINE: Europe & Africa Bunker Fuel Market Update 22/7/21
Most European and African bunker prices have mostly caught a ride upwards with Brent, while Gibraltar’s prices have dipped to regional discounts. Changes on the day to 08.00 GMT today: VLSFO prices up in Durban ($17/mt) and Rotterdam ($13/mt), and down in Gibraltar ($2/mt) LSMGO prices up in in Durban ($20/mt) and Rotterdam ($17/mt), …
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Daily Capesize Review 21/7/21
Capesize freight rates continued to improve with better physical market, though there were market concern over the development of Typhoon In-fa and its impacts on shipping activities. The Capesize 5 time charter average, then inched up by $64 day-on-day to $29,135 on Tuesday, with some improvement in the physical market. The Baltic Dry Index (BDI) …