Capesize freight rates continued to move downward, as shipping activities thinned after recent rally. The Capesize 5 time charter average then dropped by $657 day-on-day to $13,216 on Tuesday, as the March contract came under pressure and traded lower. The Baltic Dry Index (BDI) however, rose higher on the strength of Panamax market, spotting a …
Category archives: Fuel Oil
FIS Fuel Oil Morning Report 24/02/21
API inventories Crude +1.026M VS Est. -5.372M Cushing +2.783M VS Prev. -3.034M Gasoline +0.066M VS Est. -3.427M Distillate -4.489M VS Est. -3.905M Crude stockpiles rose by 1 million barrels in the week to Feb. 19, the American Petroleum Institute (API) reported on Tuesday, against estimates for a draw of 5.2 million barrels in a …
European Close 23/02/21
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Fuel Oil Daily Evening Report 23/02/21
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Oil Through the Looking Glass 23/2/21
Texas Refineries Slowly Restart After Last Week’s Deep Freeze Refineries in the oil-rich Texas Gulf rapidly started ramping up production as much as possible following the fallout of the deep freeze which locked in as much as 4 million barrels per day in the height of the cold snap. It is thought the 85% of …
Oil and Ore Intraday Morning Technical 23/02/21
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Fuel Oil Morning Report 23/02/21
Brent crude was up $1.10, or 1.7%, at $66.34 a barrel by 0437 GMT, after earlier hitting a high of $66.79. U.S. crude rose 92 cents, or 1.5%, to $62.62 a barrel, having reached a session high of $63. Both benchmarks have risen more than 2% on Tuesday after climbing nearly 4% in the …
Daily Capesize Review 22/2/21
Capesize freight rates moved downward on slow trading after last week rally, amid market optimism on better post-holidays demand. The Capesize 5 time charter average then dropped by $351 day-on-day to $13,873 on Monday, after a sluggish start to the week. The Baltic Dry Index (BDI) went up slightly with a gain of 0.65% or …
European Close 22/02/21
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
Fuel Oil Daily Evening Report 22/02/21
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