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Category archives: Fuel Oil
Capesize rates fall on slow shipping activities
Capesize freight rates dropped on thin market activities amid bearish market sentiment in shipping demand. The Capesize 5 time charter average fell by RMB 514 day-on-day to $14,177 on Thursday, as low Atlantic fixtures weighted on prompt paper market. The Baltic Dry Index (BDI) then slipped by 2.45% or 30 points to 1,194 readings, due …
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Morning Oil Report 6/11/20
WTI was down $1.06, or 2.7%, at $37.73 a barrel at 0538 GMT, after dropping 0.9% yesterday. Brent crude was off $1.05, or 2.6%, at $39.88, having fallen 0.7% in the previous session. The continuing falls seem to have exacerbated by the ongoing uncertainty in the US surrounding the presidential election, as well as the …
European Close 05/11/20
The Election count is dragging on leaving uncertainty in certain financial sectors. Equities are catching a bid whilst the USD continues to come under pressure, having produced a rejection candle yesterday. For iron ore the market is finding support having traded down to RMB 772 overnight. The offshore futures are seeing a similar pattern, a …
Fuel Oil Daily Evening Report
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FIS CASTAWAY – EPISODE 31
It’s not looking good for Aussie coal, and as we sit and wait for the US Election result Chris, Tom and Kerry explore the movements in our main commodity markets. Website https://freightinvestorservices.com/blog/fis-castaway-eps-31-unprecedented-coverage-in-unprecedented-times/ Spotify https://open.spotify.com/episode/0NsTa2G5jyL8yYmz8J83am?si=TohzLlfTTRqItrwRnBK9LQ And Itunes https://podcasts.apple.com/gb/podcast/fis-castaway/id1507094242#episodeGuid=90aa0ff2-d3ed-e443-a8ed-792db6628550 Disclaimer: This podcast is a marketing communication and is not based upon detailed …
Oil Through the Looking Glass 05/11/20
*BP, Iraq In Talks Over Fate of Rumaila’s Oil Output Capacity Boost To 2.1 Mil B/D* BP are in talks with the Iraq’s oil ministry over the potential of increasing output in the Rumaila field, the country’s biggest field to the plateau of 2.1 million barrels per day. BP is the lead contractor for the …
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): +1 813 490 6630
Capesize rates drop on low market confidence
Capesize freight rates came under pressure on bearish market sentiment and oversupplied shipping market. The Capesize 5 time charter average then dropped by RMB 754 day-on-day to $14,691 on Wednesday, following the selling pressure in the market. The Baltic Dry Index (BDI) then slipped by 3.09% or 39 points to 1,224 readings on weaker Capesize …
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European close 04/11/20
A bit of a damp squib for iron ore today. Expectations that we may see some form of breakout have been put to bed with the futures failing to the upside and holding the downside. U.S elections are not that interesting after all! It may not be a case of stick or bust but …