Category archives: Fuel Oil

FIS Fuel Oil Morning Report 15/03/21

Brent crude futures for May gained 47 cents, or 0.7%, to $69.69 a barrel by 0438 GMT while U.S. West Texas Intermediate crude for April was at $66.10 a barrel, up 49 cents, or 0.8%.   The US stimulus package had sent the global economy into a positive mood in the past week as Biden …

Continue reading “FIS Fuel Oil Morning Report 15/03/21”

Daily Capesize Review 11/3/21

Capesize freight rates retreated from recent rally, as trade participants took a breather from the bullish market outlook. The Capesize 5 time charter average then went down by $536 day-on-day to $17,353 on Thursday, after a choppy session. The Baltic Dry Index (BDI) also dropped slightly by 0.51% or 10 points to 1,970 readings, amid …

Continue reading “Daily Capesize Review 11/3/21”

FIS Fuel Oil Morning Report 12/03/21

Brent crude futures for May slipped 11 cents, or 0.2%, to $69.52 a barrel by 0403 GMT before sling even further to $69.12 by 0700GMTwhile U.S. West Texas Intermediate crude for April was at $65.83 a barrel, down 19 cents, or 0.3%. Front month Brent is on track to post eight consecutive weeks of gains …

Continue reading “FIS Fuel Oil Morning Report 12/03/21”