Category archives: Fuel Oil

Oil Morning Report 11/02/21

Brent crude fell 40 cents, or 0.7%, to $61.07 a barrel, as of 0350 GMT, after touching its highest since January 2020 on Wednesday, after a strong run in recent days driven by the Organisation of Petroleum Exporting Countries and its allies, known as OPEC+, agreed output cuts and vaccine rollouts fired up hopes of …

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Daily Capesize Review 10/2/21

Capesize freight rates continued to move downward on scant market activities due to the Lunar New Year holidays. The Capesize 5 time charter average then dropped by $610 day-on-day to $10,749 on Wednesday, amid thin market activities. The Baltic Dry Index (BDI) moved flattish and dipped slightly by 0.23% or 3 points to 1,303 readings, …

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Daily Capesize Review 9/2/21

Capesize freight rates spiraled down on thin market activities as holidays season approached for Chinese trade participants. The Capesize 5 time charter average then dipped by $698 day-on-day to $11,359 on Tuesday, after trading at a tight range. The Baltic Dry Index (BDI) also dropped by 0.84% or 11 points to 1,306 readings, despite some …

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