Brent crude futures for March fell 8 cents, or 0.1%, to $55.38 a barrel by 0717 GMT, while U.S. West Texas Intermediate crude for March was at $52.26 a barrel, down 1 cent. EIA week ending 1/15 Crude oil: +4.4M Gasoline: -0.3M Distillates: +0.5M Refiner utilz: 82.5% Impld mogas demand: 8.11 Mbpd Prices …
Category archives: Fuel Oil
European Close 22/1/21
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Fuel Oil Daily Evening Report 22/1/21
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Oil and Ore Intraday Morning Technical 22/1/21
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Daily Capesize Review 21/1/21
Capesize freight rates dipped over market concerns of cyclone threat and mixed outlooks for the freight market. The Capesize 5 time charter average then dipped by $42 day-on-day to $25,515 on Thursday, after a flat trading session with much market focus on the February contract. The Baltic Dry Index (BDI) also moved higher on improving …
Morning Oil Report 22/1/21
U.S. West Texas Intermediate (WTI) crude futures dropped 53 cents, or 1%, to $52.60 a barrel at 0445 GMT, after slipping 18 cents on Thursday. Brent crude futures fell 45 cents, or 0.8%, to $55.65 a barrel, erasing a 2-cent gain on Thursday. EIA data is due today, two day later than normal, due to …
European Close 21/1/21
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Fuel Oil Daily Evening Report 21/1/21
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Morning Oil Report 21/1/21
U.S. West Texas Intermediate (WTI) crude futures fell 24 cents, or 0.5%, to $53.07 a barrel at 0500 GMT, following two days of gains on expectations of massive COVID-19 relief spending under new U.S. President Joe Biden. Brent crude futures dropped 22 cents, or 0.4%, to $55.86 a barrel. U.S. crude oil inventories rose …
Daily Capesize Review 20/1/21
Capesize freight rates continued to rise on firmer physical Atlantic basin, despite thin shipping activities in the market. The Capesize 5 time charter average then went up by $1,409 day-on-day to $25,557 on Wednesday, after a choppy trading session. The Baltic Dry Index (BDI) also moved higher on improving freight rates and hiked up by …