Good morning all. Brent futures were down 5 cents or 0.1% this morning, to $39.56 per barrel whereas the US benchmark, WTI was printing 3 cents lower or 0.1% to $37.23. Both these benchmarks are set to remain around the $35 to $40 per barrel until heating oil demand picks up in the US, as …
Category archives: Fuel Oil
Fuel Oil Daily Evening Report 14/9/20
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 …
Oil Through the Looking Glass 14/9/20
*UAE’s Breach of OPEC Output Pact Shakes Oil Traders’ Faith* Just as OPEC+ seemed to have output quotas under control, the UAE has admitted to oversupplying in both July and August amidst uncertain pricing level for the crude benchmarks. This has traders wary of what the rest of the year will bring according to Bloomberg …
Oil and Ore Intraday Morning Technical 14/9/20
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 …
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Capesize rates bottom out on market optimism
Capesize freight rates rebounded from losses as trade sources believed that the market had bottomed out. Thus, the Capesize 5 time charter average spotted a small rise of $173 day-on-day to $15,248 on Friday, on better market optimism. The Baltic Dry Index (BDI) then stayed flattish and went down slightly by 0.16% or 2 points …
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Morning Oil Report 14/9/20
Good morning all. Brent crude futures gained 9 cents or 0.2% to $39.92 per barrel, whereas the US WTI was up 18 cents or 0.5% to $37.51 per barrel as Storm sally prepares to for landfall in the US. Last week was a rollercoaster of a ride for crude that was unable to firm …
Fuel Oil Daily Evening Report 11/9/20
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 drop despite Q4 optimism
Capesize freight rates dipped despite some improvement in the supply glut and better market expectation for Q4 shipping demand. Thus, the Capesize 5 time charter average dropped by $407 day-on-day to $15,075 on Thursday, due to slow market. The Baltic Dry Index (BDI) then fell by 2.08% or 27 points day-on-day to 1,269 readings on …
Oil and Ore Intraday Morning Technical 11/9/20
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 …
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Morning Oil Report 11/9/20
Good morning. Brent fell 0.5% or 18 cents to settle at $39.88 a barrel whereas WTI fell 0.4% or 14 cents to $37.16 a barrel. Both benchmarks are down 6.5% for the week with hopes of a quick price recovery, dwindling. The big news coming from Thursday was that the EIA reports showed that …