Capesize freight rates dipped on selling pressure after the recent uptick in the physical market. Thus, the Capesize 5 time charter average fell by $725 day-on-day to $17,881 on Wednesday, after a fresh wave of selloff in the market. The Baltic Dry Index (BDI) went with the dip and dropped by 2.05% or 29 points …
Category archives: Fuel Oil
Evening Oil Report 28/10/20
Click below link for the Evening Oil Report Click below link for the September Monthly 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
Oil Through the Looking Glass 28/10/20
*Oil in Reverse as Rise in U.S. Crude Stocks Fans Oversupply Fears* Oil gave up Tuesday’s gains as oversupply hangs over the market given the data from the API that was released showed a 4.6 million barrel crude build, on top of weakening demand from Europe and the US due to rising cases of the …
Capesize rates rebound on better physical fixtures
Capesize freight rates rebounded on better fixtures in the physical market that supported an uptick in the paper market. The Capesize 5 time charter average then rose by $302 day-on-day to $18,606 on Tuesday, due to improving market sentiment on the physical market. The Baltic Dry Index (BDI) followed the minor uptick in Capesize and …
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Evening Oil Report 27/10/20
Click below link for the Evening Oil Report Click below link for the September Monthly Report https://fisapp.com/wp-content/uploads/2020/10/Monthly-Oil-Report-Sep-2020.pdf For more information please contact FIS Oil Desk info@freightinvestor.com UK number: +44 (0) 207 090 1134 Shanghai number: +86 (0)21 63012568
Morning Oil Report 27/10/20
Brent crude was up 19 cents, or 0.5%, at $40.65 a barrel by 0324 GMT. WTI gained 15 cents, or 0.4%, at $38.71 a barrel. Both contracts fell more than 3% on Monday. Although oil was up this morning, there are still many unanswered questions regarding the extent of the relief package that will be …
Capesize rates reverse into losses over weak iron ore demand
Capesize freight rates dropped over market concerns over slowing iron ore demand and weakness in the paper and bunker markets. Thus, the Capesize 5 time charter average dipped by $445 day-on-day to $18,304 on Monday, following a selloff session. The Baltic Dry Index (BDI) followed the downtrend and dropped by 0.92% or 13 points day-on-day …
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Evening Oil Report 26/10/20
Click below link for the Evening Oil Report Click below link for the September Monthly Report https://fisapp.com/wp-content/uploads/2020/10/Monthly-Oil-Report-Sep-2020.pdf For more information please contact FIS Oil Desk info@freightinvestor.com UK number: +44 (0) 207 090 1134 Shanghai number: +86 (0)21 63012568
Oil Through the Looking Glass 26/10/20
*Libya Lifts Force Majeure On El Feel Oil Field on Way To 1 Mil B/D Output* The El Feel oil field, also known as the Elephant, has had the force majeure lifted. The 70,000-bpd field is ramping up production to reach the target of 1 million barrels per day which would double current levels of …
Capesize rates firm up on improving market
Capesize freight rates continued the upward momentum on better market sentiments and improving physical markets. The Capesize 5 time charter average inched up by $212 day-on-day to $18,749 on Friday, despite some profit-takings during the trading session. The Baltic Dry Index (BDI) also went up by 1% or 14 points day-on-day to 1,415 readings, given …
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