Category archives: Fuel Oil

Capesize rates rally on thin tonnage

Capesize freight rates continued its bullish run, drawing supports from the better shipping demand in both basins. The Capesize 5 time charter average then rose by $3,376 day-on-day to $24,507 on Monday, after heavy volume changed hands in the paper market. The Baltic Dry Index (BDI) also followed the Capeszie rally and hiked up by …

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Oil Morning Report 12/1/21

Brent crude oil futures slipped 10 cents, or 0.2%, to $55.56 a barrel by 0500 GMT before hitting highs of $55.93 at 0700GMT, while U.S. West Texas Intermediate (WTI) fell 8 cents, or 0.2%, to $52.17 a barrel.   Worldwide coronavirus cases surpassed 90 million on Monday, according to a Reuters tally, as nations around …

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Capesize rates hike up on better Atlantic market

Capesize freight rates rose again on better shipping demand with much improvement seen in the Atlantic market. The Capesize 5 time charter average then went up by $3,533 day-on-day to $21,131 on Friday, with both basins in fixing big rates. The Baltic Dry Index (BDI) also hiked up by 10.91% or 158 points to 1,606 …

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Morning Oil Report 11/1/21

Brent crude oil futures were down 65 cents, or 1.2%, at $55.34 a barrel by 0439 GMT, after having climbed to $56.39, their highest since Feb. 25, 2020. Brent rose in the previous four sessions. The European Benchmark fell to $55.06 by 0700GMT. U.S. West Texas Intermediate (WTI) slipped 44 cents, or 0.8%, to $51.80 …

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