Brent crude futures rose 21 cents, or 0.5%, to $45.17 a barrel by 0436 GMT and continued to rise in the early morning, reaching $45.73 by 0741GMT while U.S. WTI crude gained 10 cents, or 0.2%, to $42.52 a barrel. Both benchmarks jumped 5% last week, as the oil market looks to gather pace on …
Category archives: Fuel Oil
Capesize rates rebound on improving basins
Capesize freight rates rebounded from previous losses due to improvement in cargo lists for both the Pacific and Atlantic basins. The Capesize 5 time charter average inched up slightly by $39 day-on-day to $11,897 on Friday, amid better freight rates in both basins. The Baltic Dry Index (BDI) then increased by 1.23% or 14 points …
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European Close 20/11/20
Iron ore had been looking vulnerable earlier in the week with the daily candles for the last 3 day’s closing higher but lacking any real momentum with the candles producing small bodies. The technical aspect of the market looks like it could exhaust soon; however, rising steel prices, a small easing in the stockpiles and …
Fuel Oil Daily Evening Report 20/11/20
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
Oil and Ore Intraday Morning Technical
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
Morning Oil Report 20/11/20
Brent crude futures were down 5 cents, or 0.1% to $44.17 a barrel at 0744 GMT. U.S. West Texas Intermediate crude contract was down at $41.90 a barrel. The WTI contract for November, which expires on today, was also flat at $41.74 per barrel. The news of vaccine efficacy is having positive reverberations around …
Capesize rates fall due to supply gut in the Atlantic
Capesize freight rates continued to slide on mixed market from an oversupplied Atlantic market, despite some cargo improvement seen in the Pacific. Due to the mixed market movement, the Baltic Dry Index (BDI) increased slightly by 1.70% or 19 points to 1,134 readings. Both basins move in different directions Atlantic market was still oversupplied …
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Fuel Oil Daily Evening Report 19/11/20
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
Oil Through the Looking Glass 19/11/20
*Venezuelans Steal PDVSA Crude and Make Their Own Gasoline* Venezuela, which is currently starved of fuel has seen a large spree of thefts from idled state oil field with many home-distilling their own gasoline in a bid to try and obtain the product. Although it is only a small amount of total output from the …
Oil and Ore Intraday Morning Technical
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