Category archives: Fuel Oil
Monthly Fuel Oil Report
Oil and Ore Intraday Morning Technical
Capesize rates rally over congestion in the Pacific
Capesize rates started the week on bullish note as bad weather, crew replacement and stricter quarantine measures affected the tonnage supply. The Capesize 5 time charter average hiked up by $755 day-on-day to $19,051 on Monday, as market participants expected freight rates recovery over short term. Due to the improvement in Capesize, the Baltic Dry …
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Oil Through the Looking Glass 4/8/20
*China Only Fulfilled 5% of Promised US Energy Purchases Under the terms of the China-US trade deal agreed last year China agreed to purchase some $25.3 billion worth of American oil products. Halfway through 2020 and they have only completed 5% of that target as the relationship between the two countries sours. China imported only …
Fuel Oil Daily Evening Report
Oil Through the Looking Glass 3/8/20
*Asian Fuel Oil Market News It is expected that the strong sentiment in the physical is to continue for VLSFO with lower arbitrage cargoes coming into Singapore. Imports for August are estimated to be 1.5 – 2 million tonnes, down from 2 – 2.5 million tonnes in July. This is also being driven by lower …
