Capesize freight rates continued to tumble down in the oversupplied market, while both basins posted lower fixtures throughout the week. The Capesize 5 time charter average then dropped by $890 day-on-day to $16,748 on Thursday, due to long liquidation in the market. The Baltic Dry Index (BDI) then dropped further by 3.46% or 50 points …
Category archives: Fuel Oil
Iron Ore Offshore Oct 20 Morning Technical Comment – 240 Min Chart (rolling contract)
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Oil Through the Looking Glass 4.9.20
*0.5% Fuel: Ample Supply Weighs on Global Marine Fuel Markets in September* Supply seems to be the biggest demon of fuel prices as depressed demand from the weak retail sector continues into September, with refiners still confronted with weak refining margins on the low sulfur fuel oil report S&P global Platts. Inventories in Asia are …
FIS Fuel Oil Morning Report 4/9/20
Morning Oil Report Good morning all. Brent futures fell 33 cents, or 0.8% to $43.74 a barrel by 6:30 am GMT, while WTI futures were down 35 cents, or 0.9% at $41.02 a barrel. US commercial crude inventories declined by a larger-than-expected 9.4 million barrels for the week ended August 28, but this was …
Fuel Oil Daily Evening Report 3/9/20
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Fuel Oil Monthly Report Aug 2020
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Oil and Ore Intraday Morning Technical 3/9/20
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Capesize rates lower on thin shipping activities
Capesize freight rates continued its correction phrases on thin market activities, especially among ship-operators. Thus, the Capesize 5 time charter average went down by $406 day-on-day to $17,638 on Wednesday, following a selloff that reduced spot premium. The Baltic Dry Index (BDI) then fell by 1.77% or 26 points day-on-day to 1,445 readings from weaker …
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Oil Through the Looking Glass 3/9/20
*Los Angeles Bunkers Volumes Fall for Fifth Straight Month in May* Deliveries of marine fuel into the west coast ports of Los Angeles and Long beach fell for the fifth consecutive month according to the port of Los Angeles in the S&P report. May volumes have printed at 1,210,370 down 12% on the month and …
Morning Oil Report 3/9/20
Good morning all. Brent edged up 2 cents, or 0.05%, to $44.45 a barrel at 3:49 am GMT, while WTI futures were up 9 cents, or 0.22%, at $41.60 a barrel. Total products supplied, a proxy for demand, declined by more than 13% during the week ended on August 28 at 16.98 million b/d, …