Category archives: Fuel Oil

Daily Capesize review 13/1/21

Capesize freight rates inched higher, despite correction in the paper market and cooling off in the physical market. The Capesize 5 time charter average then rose slightly by $68 day-on-day to $26,489 on Wednesday, despite a selloff in the paper market. The Baltic Dry Index (BDI) managed to rise slightly by 0.38% or 7 points …

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Morning Oil Report 14/1/21

Brent crude oil futures fell 18 cents, or 0.3%, to $55.88 a barrel by 0425 GMT, while U.S. West Texas Intermediate (WTI) slipped by 11 cents, or 0.2%, to $52.80 a barrel.   EIA week ending 1/8 Crude oil: -3.2M Gasoline: +4.4M Distillates: +4.8M Refiner utilz: 82.0% Impld mogas demand: 7.53 Mbpd   Robust Chinese …

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Oil and Ore Intraday Morning Technical 13/1/21

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Morning Oil Report 13/1/21

Oil prices gained more than 1% on Wednesday, with U.S. crude rising for a seventh day, after industry data showed a bigger than expected drop in inventories and investors shrugged off worsening developments in the pandemic. Anger and uncertainty surrounding the impeachment of the current US president is seemingly have little to no effect on …

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