Good morning all. Brent futures were up 17 cents, or 0.4%, at $45.07 per barrel at 5:05 am GMT, while WTI futures rose 13 cents, or 0.3%, to $42.95 per barrel. US initial jobless claims for the week ended Aug. 15 was reported at 1.11 million, higher than analysts’ expectations of a 925,000 gain …
Category archives: Fuel Oil
Capesize rates slide on selling pressure amid Vale’s fixing spree
Capesize freight rates continued to slide despite a flurry of fixtures done by Brazilian miner over a short span of days. The Capesize 5 time charter average went down by $898 day-on-day to $18,570 on Thursday, despite bullish sentiment over the Brazil to China route. The Baltic Dry Index (BDI) then dropped by 3.19 % …
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Oil Evening Report 20/8/20
Click below link for the Evening Oil Report For more information please contact FIS Oil Desk info@freightinvestor.com UK number: +44 (0) 207 090 1134 Shanghai number: +86 (0)21 63012568
Oil Through the Looking Glass 20/8/20
*Crude Stocks Fall While Imports Rise The EIA reported yesterday that crude inventories fell by 1.6 million barrels in the week to Aug. 14 to 512.5 million barrels, less than analysts’ expectations in a Reuters poll for a 2.7 million-barrel drop. This drop came despite a rise in net imports of 1.1 million bpd …
Morning Oil Report 20/8/20
Good morning all. Brent futures were down 36 cents, or 0.8%, at $45.01 a barrel by 4:42 am GMT, WTI futures were down 38 cents, or 0.9%, at $42.55 a barrel. The US Federal Reserve released the minutes of its July Federal Open Market Committee meeting on Aug. 19 that highlighted the COVID-19 pandemic …
Capesize rates weaken despite record-high iron ore prices
It was another softening day for the Capesize paper market despite robust steel demand in China that led iron ore prices to rise to a six-year high. The Capesize 5 time charter average went down by $225 day-on-day to $19,468 on Wednesday, despite another round of fixing spree by Brazil’s Vale for the Brazil to …
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Evening Oil Report 19/8/20
Click below link for the Evening Oil Report For more information please contact FIS Oil Desk info@freightinvestor.com UK number: +44 (0) 207 090 1134 Shanghai number: +86 (0)21 63012568
Oil Through the Looking Glass 19/8/20
*US 0.5% Under Pressure American low sulphur fuel oil is under pressure as the retail and exports markets continue to remain poor, leaving few places to send 0.5% supplies. The drop in crude prices had previously pulled down prices, yet rising Brent prices again have not pulled up 0.5% alongside it. Brent has moved up …
Capesize dips despite fixtures uptick
Capesize rates slipped on low volumes despite a flurry of physical fixture done over the key Brazil to China route. Thus, the Capesize 5 time charter average went down by $207 day-on-day to $19,693 on Tuesday, after the paper market failed to move into positive territory from increase of miner’s fixtures. Then, the Baltic Dry …
Morning Oil Report 19/8/20
Brent futures fell 33 cents, or 0.7%, to $45.13 a barrel by 4:18 am GMT, while West Texas Intermediate futures were down 21 cents, or 0.5%, at $42.68 a barrel. The continued spread of COVID-19 worldwide remains the key drag on the short-term demand outlook. Global COVID-19 infections exceeded 22 million case counts while …