Brent futures rose 21 cents, or 0.5%, to $43.52 a barrel by 4:46 am GMT, while WTI futures rose by 12 cents, or 0.3%, to $41.19. US Labor Department data released on July 23 showed weekly unemployment claims rising by 109,000 to 1.4 million in the week ended July 18, higher than the market …
Category archives: Fuel Oil
Ship Shape – Global Boom or Global Bust?
The Battle of Marathon, the Sacking of Rome, Einstein developing his theory of General Relativity, the Great Depression, The Second World War, the birth of John B, the launch of the PlayStation 2. All are seismic events that have forged and influenced human history. These and so many other events had a profound effect on …
Oil and Ore Intraday Morning Technical
Fuel Oil Daily Evening Report
Oil Through the Looking Glass 23/7/20
*Unexpected Rise in US Stocks Both US oil and distillate stocks rose unexpectedly and fuel demand slipped according to data released by the EIA yesterday. Crude stocks rose 4.9 million bbls last week to a total of 536.6 million bbls; this was despite an analysts’ expectation of a draw of 2.1 million. Distillate stockpiles rose …
Capesize rate slides toward $20,000 level on supply glut
Capesize rates continued its downward slide toward the $20,000 level due to the supply glut in the market. The Capesize 5 time charter average fell by $2,515 day-on-day to $20,120 on Wednesday, as trading came to stalemate and slowed in final two hours before the afternoon closing. The Baltic Dry Index (BDI) then slipped by …
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Oil and Ore Intraday Morning Technical
Fuel Oil Daily Evening Report
FIS Castaway Podcast Episode 17
Nervous you don’t know enough about Air Freight Futures? Surely you can’t be serious…. Tune in to this week’s episode of FIS Castaway to learn more on AFFAs, and get the usual commodity market analysis from the FIS team. 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: freightinvestorservices.com/castaway-disclaimer/
Oil Through the Looking Glass 22/7/20
*Narrowing Fuel Oil Contango The dropping contango structure of the fuel oil curve may encourage traders to offload stored supplies of fuel to protect against falling future margins. The front Aug/Sep spread was marked at flat this morning, as the VLSFO market followed the lead of the HSFO in moving from contango back into backwardation. The …