FIS API Blog
Capesize rates firmed on better market sentiments with freight rates getting some support from the port congestion situation in China. Thus, the Capesize 5 time charter average inched up by $135 day-on-day to $19,339 on Wednesday, with a late rally in Sep and Q4 contracts that added to bullish market tone. Thus, the Baltic Dry …
Continue reading “Capesize rates getting support from port congestion”
Morning all. Brent futures were down 8 cents at $45.35/b at 7:26 GMT, while WTI futures were down by 4 cents at $42.62. US Energy Information Administration data released on August 12 showed that US commercial crude inventories fell 4.51 million barrels to 513.08 million barrels for the week ended August 7 and narrowed …
Click below link for the Evening Oil Report https://freightinvestorservices.com/wp-content/uploads/2020/08/120820Fuel-Oil-Swap-Daily-Report.pdf For more information please contact FIS Oil Desk info@freightinvestor.com UK number: +44 (0) 207 090 1134 Shanghai number: +86 (0)21 63012568
Capesize rates continued to move at downtrend manner amid the short trading week with muted physical activities. The Capesize 5 time charter average then dropped by $493 day-on-day to $19,204 on Tuesday, despite some showing some strength at late afternoon session. The Baltic Dry Index (BDI) still reflected some strength in the dry bulk market …
Continue reading “Capesize rates move slowly amid thin market activities”
Good morning all. Brent futures was up 9 cents/b, or 0.20%, at $44.59/b at 2:15 am GMT, while NYMEX WTI crude contract was up by 4 cents/b, or 0.10%, at $41.65/b. American Petroleum Institute data published on Tuesday showed a fall of 4.4 million barrels in US crude inventories, more than analysts’ expectations of a …
Click below link for the Evening Oil Report https://freightinvestorservices.com/wp-content/uploads/2020/08/110820Fuel-Oil-Swap-Daily-Report.pdf For more information please contact FIS Oil Desk info@freightinvestor.com UK number: +44 (0) 207 090 1134 Shanghai number: +86 (0)21 63012568
*Asian Refiners Grappling with Difficult Outlook A massive reduction in product demand, especially jet fuel, coupled with the increasing supply of crude into the market from OPEC is creating a challenging market environment for Asian refiners. Margins for Asia based refiners have been harder hit than other regions as closed arbs, and increased exports from …
Capesize rates slipped on the short week, with public holidays in Singapore and Greece that affected shipping activities. The Capesize 5 time charter average thus dipped by $215 day-on-day to $19,697 on Monday, in view of lacklustre physical market. Despite the weakness of Capesize, the Baltic Dry Index (BDI) gained slightly by 0.33% day-on-day to …
Continue reading “Slow start to Capesize in view of holidays”
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Good morning all. Brent futures rose by 22 cents, or 0.5%, to $45.21 a barrel, as of 4:41 am GMT. WTI futures rose 32 cents, or 0.8%, to $42.26 a barrel. Despite the number of COVID-19 case counts worldwide topped 20 million, daily confirmed cases globally have been on the decline for three consecutive …
