FIS Fuel Oil Morning Report 08/04/2021

At 11 am Singapore time (0300 GMT), the ICE Brent June contract was down 33 cents/b (0.52%) from the April 7 settle at $62.83/b, while the May NYMEX light sweet crude contract fell 37 cents/b (0.62%) to $59.40/b.   EIA week ending 4/2 Crude oil: -3.5M Gasoline: +4.0M Distillates: +1.5M Refiner utilz: 84.0% Impld mogas …

FIS Castaway Podcast – Episode 49 07/04/21

    FIS Castaway Podcast – Episode 49   Post Easter trading regrets? Don’t worry, get an update on what’s happening in the Freight, Iron Ore and Oil markets on this week’s podcast.   Listen Below:   Website https://freightinvestorservices.com/blog/fis-castaway-eps-49/   Spotify https://open.spotify.com/episode/2SootYMgBfXagWDL5Um0YJ?si=t1roN1z_RmWdlq_LVdx4kA   iTunes https://podcasts.apple.com/gb/podcast/episode-49/id1507094242?i=1000516140468       Disclaimer: This podcast is a marketing communication and is …

Daily Capesize Review 6/4/21

Capesize freight rates continued to rise with the return of trade participants from holidays and on firmer shipping fundamentals. The Capesize 5 time charter average then increased by $1,109 day-on-day to $20,962 on Tuesday, after a buying spree in the trading session. The Baltic Dry Index (BDI) also hiked up slightly by 0.97% or 20 …

FIS Fuel Oil Morning Report 07/04/21

Brent crude futures for June rose by 34 cents, or 0.5%, to $63.08 a barrel by 0123 GMT before softening by 0730 to $62.78 while U.S. West Texas Intermediate crude for May was up 32 cents, or 0.5%, to $59.65.   API Crude -2.618M Cushing -0.840M Gasoline +4.553M Distillate +2.810M   Following the release of …

Daily Capesize Review 5/4/21

Capesize freight rates found supports in better shipping fundamentals in the Atlantic market with higher iron ore shipment volumes from Brazil. This was due to better weather conditions in Brazil with the passing of rainy seasons to allow miners to ramp up productions for exports. Meanwhile, the shipping participants were still returning to the market …