** Oil workers flee as third storm in month aims for U.S. offshore fields** Royal Dutch Shell have begun the process of evacuating some of its platforms in preparation of the third storm in the space of a month. The 23rd named storm of the hurricane season was set to strengthen over the course …
Category archives: Fuel Oil
Capesize rates dip on mixed outlook
Capesize freight rates moved in mixed directions as the decent shipping demand, higher bunker prices and firm iron ore prices failed to push rates up. Thus, the Capesize 5 time charter average went down slightly by $114 day-on-day to $15,764 on Friday, amid the mixed market outlook. The Baltic Dry Index (BDI) however was rather …
Oil and Ore Intraday Morning Technical
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Morning Oil Report
Brent futures were up 9 cents or 0.2%, at $43.24 per barrel whereas WTI futures were up 10 cents, or 0.2% at $42.21 a barrel. The UK begins the week with the news that the second wave of coronavirus is upon us, which brings with it concerns on how this will affect lockdowns across …
Fuel Oil Daily Evening Report
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Oil and Ore Intraday Morning Technical
Please click below to view the report For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004 US (KS): +1 813 …
Capesize rates gain on better market outlook
Capesize freight rates spotted a gain on better physical activities and expectation of another rally in Q4. The Capesize 5 time charter average went up by $211 day-on-day to $15,875 on Thursday, on good market volume and market optimism for Q4. The Baltic Dry Index (BDI) then rose by 1.01% or 13 points day-on-day to …
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OTTLG 18.09.2020
**Oil rises 2%, reverses losses as OPEC+ addresses market weakness** Oil prices rose more than 2% on Thursday as OPEC and its allies announced that it would be taking a tougher stance on non-compliance from nations and that it would be calling another meeting if the oil price looked to be weakening even further. The …
Morning Oil Report
Good morning! Brent crude was up 27 cents or 0.6% at $43.57 a barrel with the WTI futures gaining 23 cents or 0.6% to $41.20 a barrel. The main news of the week centred around the OPEC meeting on Thursday and how that would shape the oil production for the rest of the …
Fuel Oil Daily Evening Report
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