*WTI edges higher but products dip as US Gulf braces for Laura US crude was on the up as of 26th August as the region prepares for hurricane Laura, which is sweeping across the southern coast, yet demand for other products weakens S&P reports. NYMEX October WTI settled higher at $0.04 for the day whilst …
Category archives: Fuel Oil
Morning Oil Report 27/8/20
Good morning all. Brent futures for October, which expire on Friday, rose 13 cents, or, 0.3% to $45.77 a barrel by 5:40 am GMT. The more active November Brent contract was up 10 cents at $46.26 per barrel. WTI futures rose 1 cent to $43.40 a barrel. Hurricane Laura, a Category 4 storm, continued …
Evening Oil Report 26/8/20
Click below link for the Evening Oil Report For more information please contact FIS Oil Desk info@freightinvestor.com UK number: +44 (0) 207 090 1134 Shanghai number: +86 (0)21 63012568
Castaway Podcast – Episode 22
Storm clouds are brewing in the US, but for now it’s all clear at the FIS offices where the team are joined by Richard Heath, Senior Manager of group Strategy at EEX, to discuss developments in the dry and container freight futures markets, together with our usual comment and analysis across FIS products Available …
Capesize rates inch up on firm Pacific market
Capesize freight rates continued its upward climb on bullish market sentiments with firmer Pacific market. The Capesize 5 time charter average then rose by $708 day-on-day to $19,015 on Tuesday, with the September contracts reaching a high of $23,100, while the October contracts at high $23,150. Riding on the good freight rates, the Baltic Dry …
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Oil Through the Looking Glass 26/8/20
*Hurricane Laura worries shut Port Houston traffic, slow bunker trading Bunker trading has slowed as a result of the imminent landfall of hurricane Laura. The US coast guard has been put on alert as the inclement weather is expected to batter the region, making its way north. Sources are saying that the market is waiting …
Morning Oil Report 26/8/20
Good morning all. Brent rose 12 cents, or 0.3%, to $45.98 a barrel by 3:35 am GMT, while WTI remained steady at $43.35 a barrel. The back-to-back tropical storms Marco and Laura has seen upstream operators shut about 1.558 million b/d of oil, or 84.3% of offshore production, by August 25, according to latest …
Evening Oil Report 25/8/20
Click below link for the Evening Oil Report For more information please contact FIS Oil Desk info@freightinvestor.com UK number: +44 (0) 207 090 1134 Shanghai number: +86 (0)21 63012568
Capesize rates rebound on better iron ore and coal demand
Capesize freight rates rebounded on firmer note due to good momentum from the Pacific market. The Capesize 5 time charter average went up by $387 day-on-day to $18,305 on Monday, due to good run for September contracts that nearly touched $22,000. Despite the positivity surrounding Capesize, the Baltic Dry Index (BDI) rose slightly by 0.68 …
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Morning Oil Report 25/8/20
Good morning all. Brent rose by 9 cents, or 0.2%, to $45.22 a barrel by 4:19 am GMT, while WTI fell 9 cents, or 0.2%, at $42.53 a barrel. Brent has been rising from last week’s highs mostly due to Hurricane induced gains due to possible storm aftermath effects on global oil flows, which …