Category archives: Fuel Oil

Castaway Podcast- Episode 36

FIS Castaway Podcast – Episode 36   Caught off guard by the Iron Ore moves? Listen to this week’s Castaway podcast where Chris, Tom and Kerry have it covered, along with all our markets.   Listen Below:   Website https://freightinvestorservices.com/blog/fis-castaway-eps-36-unprecedented-coverage-in-unprecedented-times/   Spotify https://open.spotify.com/episode/0WA9W0fF8iU8zj7ZXaXJv9?si=wQFDhZpGQAmWRHJ5ELpt6Q     And Itunes  https://podcasts.apple.com/gb/podcast/fis-castaway/id1507094242#episodeGuid=9e03d14c-8b5c-8383-312a-4c06244f5758

Capesize rates weaken on slow shipping demand

Capesize freight rates continued to head south on weakening freight rates, as shipping demand dipped in both basins, amid the oversupplied market. The Capesize 5 time charter average went down by $1,159 day-on-day to $10,607 on Tuesday, due to the deteriorating C5 market. The Baltic Dry Index (BDI) also dropped by 3.53% or 35 points …

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Morning Oil Report 9/12/20

Brent crude futures slipped 18 cents, or 0.4%, to $48.66 a barrel by 0450 GMT before gaining 40 cents by 0730GMT to print $48.93, having gained 5 cents the previous day. U.S. West Texas Intermediate (WTI) crude futures dropped 15 cents, or 0.3%, to $45.45, after shedding 16 cents on Tuesday.   API figures released …

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Capesize rates slip into losses on mixed market

Capesize freight rates reversed into losses after recent gains, due to mixed market directions in both basins. The Capesize 5 time charter average went down by $840 day-on-day to $11,766 on Monday, due to softening freight rates. The Baltic Dry Index (BDI) then dropped by 2.92% or 35 points to 1,162 readings, due to the …

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Morning Oil Report 8/12/20

Brent crude futures fell 40 cents, or 0.8%, to $48.39 a barrel at 0455 GMT with Brent continuing to fall from 0600GMT down to lows of $48.09 after then pushing to $48.65 at 0830GMT, while U.S. West Texas Intermediate (WTI) crude futures fell 35 cents or 0.8%, to $45.41 a barrel. Both benchmark contracts lost …

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