Click below link for the Evening Oil Report https://freightinvestorservices.com/wp-content/uploads/2020/08/140820Fuel-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
Category archives: Fuel Oil
Ship Shape – FIS Commodity Weekly 14/8/20
The Quiet Before the Storm As thunder and lightning rages around the British Isles, you can’t help but draw a parallel with global markets. As we come towards the end of summer, having had what little respite we have been allowed with lockdown measures, the low activity and pause for many markets may now …
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Morning Oil Report 14/8/20
Brent futures were up 14 cents/b, or 0.3%, at $45.10/b by 5:50 am GMT, while WTI futures were up 11 cents/b, or 0.3%, at $42.35/b. Prices have been bolstered this week by EIA data released on August 12 reporting a 4.51 million-barrel draw in US commercial crude inventories, exceeding market expectations for the third …
Evening Oil Report 13/8/20
Please click below to view the report https://freightinvestorservices.com/wp-content/uploads/2020/08/130820Fuel-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
Oil Through the Looking Glass 13/8/20
*US Demand Rebounds The EIA reported yesterday that US crude, gasoline and distillate stock levels all dropped last week even with an increase in refinery production. This shows us that American demand for crude and oil products is finally looking like it is bouncing back. Refinery utilisation was up 1.4% to 81% of total capacity, …
Capesize rates getting support from port congestion
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 …
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Morning Oil Report 13/8/20
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 …
Evening Oil Report 12/8/20
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 move slowly amid thin market activities
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 …
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Morning Oil Report 12/8/20
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 …