Category archives: Fuel Oil
Oil Through the Looking Glass 6/8/20
*OPEC Middle East Production Nudging Up Production from the Middle East moved up in July after Saudi Arabia, Kuwait and UAE reversed the voluntary production cuts above and beyond the official cut agreement. The largest increases came from Kuwait and UAE, followed by the Saudis. According to Bloomberg the four nations boosted crude and condensate …
Capesize loses steam after recent rally
The Capesize market suffered a slip up after recent rally with less shipping enquires in both the Pacific and Atlantic market. The Capesize 5 time charter average then dropped by $304 day-on-day to $20,383 on Wednesday, due to some selling pressure before seeing a mini revival later at afternoon session for better rates. Thus, the …
FIS Fuel Oil Morning Report 06/08/2020
Good morning. Brent futures rose 9 cents or nearly 0.2% to $45.25 by 4:36 am GMT, while WTI futures eased 3 cents, or 0.1%, to $42.16 a barrel. Global COVID-19 cases stand at 18,727, 700, while total deaths had exceeded the 700,000 mark, according to data from John Hopkins University. While the number of daily …
FIS CASTAWAY – EPISODE 19
What is going on with this iron ore market? How come freight is flying again? Why is nothing moving on oil? Memes aside, join the team to discuss the week’s movements and idiosyncrasies. Available now on the FIS website (www.freightinvestorservices.com/media ) Spotify https://open.spotify.com/show/7yMLsm5s8tLtrCQr7bG8wD?si=FW6Rvj9HRjClAx3vRjq8iw And Apple https://podcasts.apple.com/sg/podcast/fis-castaway/id1507094242 Disclaimer: This podcast is a marketing communication and is not based upon …
Fuel Oil Daily Evening Report
Oil Through the Looking Glass 5/8/20
Heavy Crude to Lose Ground The announcement that OPEC is relaxing its production cuts could signal the end of the bull run on heavier crude and products. The OPEC cut has seen heavier crude in significant demand, this is especially true of residual products like high sulphur fuel oil which have seen increased demand from …
Capesize rates make solid gains on bullish market
It was another bullish day for the Capesize market, with the physical market making solid gains to push up the freight rates. The Capesize 5 time charter average then rose by $1,636 day-on-day to $20,687 on Tuesday, with talk of C5 heading to $9.00 and the C3 rumoured to surge toward the $18.90. Following the …
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