*Singapore Bunker Demand Heads Back Towards 50 Million MT/Year Bunker demand in Singapore may jump to 50 million metric tons for the first time in three years after a 4.6% jump in sales in November from a year earlier and 2.8% increase from October’s figures. Prices for the VLSFO roofed as companies were looking to …
Category archives: Fuel Oil
Capesize rates recover despite mixed market sentiments
Capesize freight rates hiked up on better market sentiments as shipping demand improved toward year-end with support of the strong bunker prices. The Capesize 5 time charter average then went up by $938 day-on-day to $11,889 on Friday, albeit with considerably less activity on the FFAs. The Baltic Dry Index (BDI) also moved upward by …
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Morning Oil Report 14/12/20
Brent crude futures for February rose 38 cents, or 0.8%, to $50.35 a barrel by 0454 GMT before ticking up by over 50 cents to $50.61 to 0741, while U.S. West Texas Intermediate crude futures for January were up 32 cents, or 0.7%, at $46.89 a barrel. Iran and its ministers are looking to …
Fuel Oil Daily Evening Report 11/12/20
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Morning Oil Report
Brent was up 11 cents or 0.2% at $50.36 a barrel by 0427 GMT and then gaining an extra 30 cents from then until 0730GMT, after gaining nearly 3% on Thursday. U.S. oil was up 14 cents, or 0.3%, at $46.92 a barrel, having also risen almost 3% in the previous session on the positive …
Capesize rates recover on improving demand despite cyclone concerns
Capesize freight rates rose on better fixtures done on both basins, that lifted the recent bearish market sentiments. Thus, the Capesize 5 time charter average then hiked up by $656 day-on-day to $10,951 on Thursday, amid the recent volatility in the market. The Baltic Dry Index (BDI) also went up by 3.48% or 39 points …
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European Close 10/12/20
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Fuel Oil Daily Evening Report 10/12/20
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Oil and Ore Intraday Morning Technical
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Morning Oil Report 10/12/20
U.S. West Texas Intermediate (WTI) crude futures rose 25 cents, or 0.6%, to $45.77 a barrel at 0500 GMT, while Brent crude futures climbed 22 cents, or 0.5%, to $49.08 a barrel but eased a touch as liquidity came into the market up to 0730GMT, from then on, brent pushed to highs of $49.33 at …