Category archives: Fuel Oil

Daily Capesize Review 27/0/5/21

Capesize freight rates continued to drop fast due to poor shipping fundamentals despite healthy demand in the Pacific market. The Capesize 5 time charter average then dropped by $1,686 day-on-day to $27,934 on Thursday, despite some market talks of blockade lifting in Bolivar that resulted in some late upticks in trading. The Baltic Dry Index …

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FIS Fuel Oil Morning Report 28/05/21

At 10:26 am Singapore time (0226 GMT), the ICE Brent July contract was up 18 cents/b (0.26%) from the previous settle at $69.64/b, while the July NYMEX light sweet crude contract was 29 cents/b (0.43%) higher at $66.85/b.   The positive sentiment in the market is most evidently coming from the US as the economy …

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Daily Capesize Review 26/0/5/21

Capesize freight rates reversed into downtrend, due to thin market activities following the short working week paused by holidays in Asia and Europe. The Capesize 5 time charter average then dropped by $1,434 day-on-day to $29,620 on Wednesday, after a selloff in the market. The Baltic Dry Index (BDI) also dipped down by 1.96% or …

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FIS Fuel Oil Morning Report 27/05/21

Brent crude fell 44 cents, or 0.6%, to $68.43 a barrel at 0220 GMT, erasing Wednesday’s gain of 22 cents. Brent has traded between $68 and $69 for most of this week. U.S. West Texas Intermediate (WTI) crude fell 43 cents, or 0.7%, to $65.78 a barrel, after a rise of 14 cents on Wednesday, …

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