Category archives: Fuel Oil

FIS Fuel Oil Morning Report 22/03/21

Brent crude was down 60 cents, or 0.9%, at $63.93 a barrel by 0136 GMT before softening sharply to print $63.60 by 0715GMT. U.S. oil was off by 68 cents, or 1.1%, at $60.74 a barrel. Both contracts fell by more than 6% last week.   Oil rose more than 2% in volatile trading on …

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Daily Capesize Review 19/3/21

Capesize freight rates inched upward, despite slow shipping activities and market concerns over disruptions of Australian coal shipments. The Capesize 5 time charter average then increased by $564 day-on-day to $19,437 on Friday, due to improvement in the physical market. The Baltic Dry Index (BDI) also surged up higher by 2.98% or 66 points to …

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FIS Fuel Oil Morning Report 19/03/21

U.S. West Texas Intermediate (WTI) crude fell 4 cents, or 0.07%, to $59.96 a barrel by 0552 GMT. Brent crude was down 10 cents, or 0.16%, to $63.18 a barrel. After what seemed to be a huge correction, with brent falling off by over 8% on Thursday’s trading.  Oil had edged up in Asia’s morning …

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Daily Capesize Review 18/3/21

Capesize freight rates continued to rally on better physical demand with firm support from smaller vessels. The Capesize 5 time charter average then increased by $942 day-on-day to $18,873 on Thursday, despite some profit-takings during the trading session. The Baltic Dry Index (BDI) also hiked up higher by 5.23% or 110 points to 2,215 readings, …

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