Category archives: Fuel Oil

ENGINE: East of Suez Bunker Fuel Market Update 15/7/21

East of Suez bunker prices have made sharp losses, pulled down by Brent values weakening on the prospect of an imminent OPEC+ deal and signs of lower US fuel demand.   Changes on the day to 16.00 SGT (08.00 GMT) today: VLSFO prices down in Zhoushan ($19/mt), Singapore ($18/mt) and Fujairah ($14/mt) LSMGO prices down …

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Daily Capesize Review 14/7/21

Capesize freight rates continued to come under selling pressure, despite some improvement seen in the physical market. The Capesize 5 time charter average, then fell further by $1,144 day-on-day to $29,128 on Wednesday, after an erratic paper trading session. The Baltic Dry Index (BDI) also dropped by 2.76% day-on-day, down 89 points to 3,139 readings, …

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FIS Fuel Oil Morning Report 15/07/21

Good morning. Oil prices have come under pressure, with ICE Brent settling more than 2% lower yesterday, and also trading weaker in early-morning trading today. As of 11:05 am Singapore time (0228 GMT), the ICE September Brent futures contract was down 74 cents/b (0.99%) from the previous close at $74.02/b, while the NYMEX August light …

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FIS Castaway Podcast – Episode 63 14/07/21

FIS Castaway Podcast – Episode 63 As the UK looks to relax covid regulations next week, the team discuss what’s happening in the freight, iron ore and oil markets. Listen Below: Website https://freightinvestorservices.com/blog/fis-castaway-eps-63/ Spotify https://open.spotify.com/episode/1Lh9dgsQF1pGZJ0zrCINe1?si=pVE_qS-3R7Cy1UAvXjb2DA&dl_branch=1 iTunes https://podcasts.apple.com/gb/podcast/episode-63/id1507094242?i=1000528851383 Disclaimer: This podcast is a marketing communication and is not based upon detailed analysis by Freight Investor (FIS) …

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ENGINE: Europe & Africa Bunker Fuel Market Update 14/7/21

Bunker prices continue to rise across European and African ports, and supply in South African has come under pressure from mass violence and heavy unrest.   Changes on the day to 08.00 GMT today: VLSFO prices up in Rotterdam ($10/mt), Durban ($8/mt) and Gibraltar ($6/mt) LSMGO prices up in Rotterdam ($10/mt), Durban ($6/mt) and Gibraltar …

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