Capesize freight rates continued to slide downward on market inactivity with the absence of Chinese trade participants on holidays celebration. The Capesize 5 time charter average then dropped by $605 day-on-day to $12,057 on Monday, on thin market activities at the start of the week. The Baltic Dry Index (BDI) followed the downtrend and dipped …
Category archives: Fuel Oil
Fuel Oil Daily Evening Report 08/02/21
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European Close 08/02/21
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FIS Fuel Oil Morning Report 08/02/2021
Brent crude for April touched an intraday high of $60.06 a barrel, the highest since January last year. The front-month contract was at $59.98 by 0537 GMT, up 64 cents, or 1.1%. U.S. West Texas Intermediate crude futures for March advanced 65 cents, or 1.1%, to $57.50 a barrel, the highest since January last year. …
Oil and Ore Intraday Morning Technical 08/02/21
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Daily Capesize Review 5/2/21
Capesize freight rates remained under pressure as Chinese trade participants prepared for Lunar New Year celebrations. The Capesize 5 time charter average then dipped slightly by $110 day-on-day to $12,662 on Friday, due to thin market activities. The Baltic Dry Index (BDI), however rose slightly by 0.45% or 6 points to 1,333 readings, due to …
European Close 05/02/21
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Fuel Oil Daily Evening Report 05/02/21
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
Daily Capesize Review 4/2/21
Capesize freight rates dipped slightly as the index flattened after much improvement with support from the rising bunker prices. The Capesize 5 time charter average then dropped slightly by $30 day-on-day to $12,772 on Thursday, after much improvement seen in the February contracts. The Baltic Dry Index (BDI) then remained flat at 1,327 readings after …
Fuel Oil Morning Report 05/02/21
Brent crude futures climbed 40 cents, or 0.7%, to $59.24 a barrel by 0428 GMT, after hitting a high of $59.41, its highest since Feb. 20 last year. Brent is on track to rise 6% this week. U.S. West Texas Intermediate (WTI) crude futures jumped 42 cents, or 0.8%, to $56.65 a barrel, after touching …