Brent crude futures inched up 1 cent to $38.98 a barrel at 0440 GMT, while WTI crude futures were up 8 cents, or 0.2%, to $36.89 a barrel. Both benchmarks gained nearly 3% on Monday, after heavy losses for the last week of October. Oil was holding particularly steady over the UK evening, where …
Category archives: Fuel Oil
Oil and Ore Intraday Morning Technical 02/11/20
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Fuel Oil Daily Evening Report 02/11/20
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Oil Through the Looking Glass 02/11/20
*Russia Respond to Lockdowns by Assessing OPEC Cuts* Russia are looking to push forward with the review of OPEC oil cut relaxations that are due on 1st January 2021 as prices look to not bounce back to pre-Covid levels anytime soon. The cuts made to output imposed by OPEC are due to be relaxed in …
Iron Ore Offshore Nov 20 Morning Technical Comment – 240 Min Chart (rolling contract)
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Capesize rates to bottom out from slump
Capesize freight rates dipped slightly on limited shipping activities and market expectation that it might bottom out after the recent slump. Thus, the Capesize 5 time charter average then fell modestly by RMB 231 day-on-day to $15,550 on Friday, as the physical market seemed to find a floor, while the paper market braced for …
Morning Oil Report 02/11/20
Brent crude futures for January dropped $1.34, or 3.5%, to $36.60 a barrel by 0410 GMT, while U.S. WTI futures fell $1.41, or 3.9%, to $34.38. Brent ICE futures lost just under 10% for the week as the market looks to try to absorb increasing supply gluts. Without the risk of sounding repetitive, the …
Evening Oil Report 30/10/20
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Morning Oil Report 30/10/20
Brent crude slipped for a third day and was down 51 cents, 1.4%, at $37.14 a barrel by 0628 GMT after touching a five-month low in the previous session. December Brent contract expires on Friday. U.S. West Texas Intermediate (WTI) crude declined 48 cents, or 1.3%, to $35.69 a barrel after dipping to its lowest …
Capesize rates fall on further market selloff
Capesize freight rates fell further on aggressive selloff in the market, due to softening paper and physical market. The Capesize 5 time charter average then dropped by $2,100 day-on-day to $15,781 on Thursday, after a bloodbath in the paper market. The Baltic Dry Index (BDI) also followed the downtrend and dropped by 6.29% or 87 …
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