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Category archives: Fuel Oil
Fuel Oil Daily Evening Report 17/12/20
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Capesize rates rise despite mixed market outlook
Capesize freight rates hiked up, despite mixed market outlook with an improving Atlantic market, while limited shipping activities were observed in the Pacific. The Capesize 5 time charter average then went up by $698 day-on-day to $13,826 on Wednesday, as the physical continued to show further gains, though it was expected to slow toward year-end …
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Morning Oil Report 17/12/20
Brent crude futures rose 45 cents, or 0.9%, to $51.53 a barrel at 0436 GMT. Oil then pushed to 9-month highs reaching $51.83 at 0720GMT, while U.S. West Texas Intermediate (WTI) crude futures rose by 46 cents, or nearly 1%, to $48.28 a barrel. Both benchmarks hit their highest since early March. US crude …
Fuel Oil Daily Evening Report 16/12/20
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FIS CASTAWAY – EPISODE 37
FIS Castaway Podcast – Episode 37 – Christmas Special Whether you’ve been Naughty or Nice, tune in to our special episode ‘The 12 Commodities of Christmas’ to hear the team break down the year’s price action and trends across all our products, along with the usual news and comment. Listen Below: Website …
Morning Oil Report 16/12/20
Brent crude futures fell 11 cents, or 0.2%, to $50.65 a barrel at 0421 GMT before softening further to $50.48 at 0730GMT, while U.S. West Texas Intermediate (WTI) crude futures fell 9 cents, or 0.2%, to $47.53 a barrel. Crude inventories swelled by 2 million barrels in the week to Dec. 11 to about …
Capesize rates rallies on better Atlantic market
Capesize freight rates continued to rise on improving shipping demand, especially in the Atlantic market. The Capesize 5 time charter average then went up by $846 day-on-day to $13,128 on Tuesday, despite softening freight rates in the Pacific. The Baltic Dry Index (BDI) also maintained its upward climb and went up by 3.08% or 38 …
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Oil and Ore Intraday Morning Technical 16/12/20
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European Close 15/12/20
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