*HSFO – The Comeback Kid* When the IMO 2020 regulation came into effect at the start of the year, people had previously predicted that the old grade HSFO would be in oversupply and collapse in price. What has actually come about is a story of great strength and versatility of the old grade fuel. HSFO …
Category archives: Fuel Oil
Oil market waits for data for pre-holiday direction
All eyes for signs of potential demand recovery are on data announcements due on Tuesday from the American Petroleum Institute, from the US government’s Energy Information Administration on Wednesday, and from the key 4 July holiday, when increased travel is expected. A Reuters poll showed analysts expect U.S. crude oil stockpiles fell from record …
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Capesize breaks the $30,000 level on robust shipping demand
It was another a bullish day for Capesize rates as the $30,000 level was broken due to firm shipping demand in moving iron ore cargoes. With the return of Chinese trade participants from holidays, the Capesize 5 time charter average surged by $1,137 day-on-day to $30,778 on Monday. The Baltic Dry Index (BDI) then peaked …
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Morning Oil Note 30/6/20
The Brent crude futures for September fell 24 cents, or 0.6%, to $41.61 a barrel by 0610 GMT, paring Monday’s 92 cent gain. The August contract, which expires on Tuesday, fell 24 cents to $41.47. U.S. crude was down 33 cents, or 0.8% at $39.37 a barrel. A Reuters poll showed analysts expect U.S. crude …
Brent August 20 Morning Technical Comment – 240 Min
Fuel Oil Daily Evening Report
Capesize gains despite China’s holidays
Capesize rates saw little gains as Chinese trade participants were away on holidays, leaving the market with thin activities. Despite the muted activities, the Capesize 5 time charter average still managed to rise by $246 day-on-day to $29,641 on Friday. The Baltic Dry Index (BDI) kept its upward momentum to 1,749 points on Jun 26, …
FIS Fuel Oil Morning Report 29/06/2020
Good morning. Oil is lower today with the virus weighing on demand again. Cases rose in the United States and other places, leading some countries to resume partial lockdowns that could hurt fuel demand. Brent dropped 81 cents, or 2%, to $40.21 a barrel by 0653 GMT, while U.S. was at $37.74, down 75 cents, or …
