Category archives: Fuel Oil
Capesize rates under correction after extended losses
Capesize rates came under pressure and took a correction with losses on both the Pacific and Atlantic basins. The Capesize 5 time charter average dropped by massive $3,301 day-on-day to $29,610 on Wednesday, with a large chunk of the recent gains wiped out in a single session. Following the plunge, the Baltic Dry Index (BDI) …
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Oil Through the Looking Glass 9/7/20
*Oil Balanced on Competing News* The US increase in virus cases is causing concerns for the recovery of demand for oil and more generally of attempts to return life around the globe to normal. The second wave of virus cases has put in doubt plans by many states to further relax lockdown measures, delaying further a …
Morning Oil Note 9/7/20
Good morning all. Brent futures rose 2 cents, or 0.05%, to $43.31, by 4:43 am GMT, while WTI futures dipped 3 cents, or 0.07%, to $40.87 a barrel. According to data from the US Energy Information Administration, US oil stockpiles for the week ended July 3 increased by 5.7 million barrels from the previous week …
Fuel Oil Daily Evening Report
Understanding your Chart – A starting point for technical analysis
FIS Fuel Oil Morning Report 08/07/2020
Good morning all. Brent crude futures fell 10 cents, or 0.2%, to $42.98 a barrel by 0417 GMT. U.S. WTI crude futures dropped 12 cents, or 0.3%, to $40.50 a barrel, holding to the narrow range of the past few weeks. The American Petroleum Institute (API) reported crude stockpiles rising by 2.05 million barrels last …
Fuel Oil Daily Evening Report
Monthly Fuel Oil Report
Capesize rallies further on tighter tonnage
Capesize rates rallied further without any signs of slowdown as the rates chased for new height for the year. Thus, the Capesize 5 time charter average surged by $1,078 day-on-day to $33,760 on Monday, with the curve trending up to highs for July, August, Sept and Q3 contracts. Following the Capesize rally, the Baltic Dry …
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