Category archives: Fuel Oil

FIS Fuel Oil Morning Report 07/06/21

Brent futures settled at $71.31 a barrel, down 4 cents after touching its highest since May 2019 earlier in the session. U.S. crude settled at $68.81 a barrel, losing 2 cents. WTI prices rose as high as $69.40, the strongest since October 2018, after gaining 1.5% in the previous session.   U.S. crude inventories dropped …

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Daily Capesize Review 3/6/21

Capesize freight rates continued its downward spiral, due to thin market activities following holiday in Brazil. The Capesize 5 time charter average, then fell further by $1,629 day-on-day to $22,102 on Thursday, after another rounds of selloff. The Baltic Dry Index (BDI) also dropped further by 2.29% or 58 points on-day to 2,472 readings, due …

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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 …

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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 …

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