Good morning all and a very Happy New Year to you! Brent crude for March was at $52.42 a barrel, up 62 cents or 1.2%, by 0348 GMT before reaching highs of $53.17 but 0615GMT while U.S. West Texas Intermediate crude for February rose 55 cents, or 1.1%, to $49.07 a barrel. Oil …
Category archives: Fuel Oil
Capesize rates steady amid mixed outlook for 2021
Capesize freight rates steadied toward year-end, amid thin market activities due to seasonal holidays. The paper market however was well-bid and inched higher, as some market participants were optimistic on the high iron ore prices and steel demand for the new year. There were some concerns over the bad weather off China’s coastal areas, which …
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Fuel Oil Daily Evening Report
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Capesize rates soften on holidays season
Capesize freight rates softened on thin trading activities, as the shipping market slowed down on holidays season. There were also some market concerns on whether the bad weather off coastal China will result in port closures as it did in the past. As the Chinese meteorological authority issued orange alert on Monday, or the second …
Oil and Ore Intraday Morning Technical
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Morning Oil Report 29/12/20
Brent crude climbed 23 cents, or 0.5%, to $51.09 a barrel, as of 0410 GMT and U.S. West Texas Intermediate (WTI) crude futures added 23 cents, or 0.5%, to $47.85 a barrel. Many participants of the oil market have noted the choppiness of the oil price as we head into the finale of 2020, …
Capesize rates hike amid slow trading
Capesize freight rates managed to rise toward year-end, even though shipping demand slowed ahead of the holidays season. The Capesize 5 time charter average then hiked up by $224 day-on-day to $16,633 on Dec 24, despite slow trading day with only several trades being transacted in tight range. The Baltic Dry Index (BDI) was almost …
Oil and Ore Intraday Morning Technical
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
Morning Oil Report
Good morning all, Merry Christmas eve! Wishing all of you a very merry Christmas with your nearest and dearest in what has been a very difficult year. May 2021 bring you more happiness and health! Luke, Ricky, Jarryd, Sam and the FIS Fuel Oil desk cannot thank you enough for all the support throughout …
Capesize rates rise on good shipping outlook
Capesize freight rates rose by year-end, due to better physical freight rates supported by firm iron ore prices. The Capesize 5 time charter average then hiked up by $940 day-on-day to $16,409 on Wednesday, amid good traded volume and strong index. The Baltic Dry Index (BDI) followed the upward market movement and rose slightly by …
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