Capesize rates ease on weak physical market

Capesize freight rates continued its downtrend as the physical market came under pressure with further easing of rates. Thus, the Capesize 5 time charter average fell by $1,958 day-on-day to $31,507 on Thursday, with a sluggish Atlantic market and Pacific rates moving Due to weak Capesize market, the Baltic Dry Index (BDI) fell by 3.62% …

Oil and Ore Intraday Morning Technical 8/10/20

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European Close

  A better day for the Panamax sector today after yesterday’s sell off. Rates remained stable in the sector with November futures up 1.3% at USD 12,350, followed by Q1 futures which are looking to close 0.75% higher at USD 9,350 as of 16:00 GMT. Further down the curve futures have been more resilient with …

FIS Technical – Brent Oct 20 Daily

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Brent Dec 20 Morning Technical Comment – 240 Min – 8/10/20

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Morning Oil Report 8/10/20

Brent crude futures rose 9 cents, or 0.2%, to $42.08 a barrel, after falling 1.6% on yesterday. WTI crude futures rose 3 cents, or 0.1%, to $39.98 a barrel at 0435 GMT, after falling 1.8% yesterday.   EIA Data week ending 10/2 Crude oil: +0.5M Gasoline: -1.4M Distillates: -1.0M Refiner utilz: 77.1%   Prices moved …

Capesize rates plunge after paper selloff

Capesize freight rates slumped into losses after aggressive selloff in the paper market, especially for the Oct and Q4 contracts. Thus, the Capesize 5 time charter average fell by $1,431 day-on-day to $33,465 on Wednesday, after the physical market came under pressure. The Baltic Dry Index (BDI) followed by the slump but still managed to …

Fuel Oil Daily Evening Report 7/10/20

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Monthly Fuel Oil Report – Sep 2020

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