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Category archives: Fuel Oil
European close
Golden week is over and for iron ore it means the bulls are back in town. Headlines on Bloomberg noted that combined exports from Port Hedland and Brazil are the highest ever, whilst steel inventories which normally see a 15% to 20% decline in Q3 have seen an increase of 3%. However, an Analyst at …
Capesize rates ease on weak physical market
Capesize freight rates continued its downtrend as the physical market came under pressure with further easing of rates. Thus, the Capesize 5 time charter average fell by $1,958 day-on-day to $31,507 on Thursday, with a sluggish Atlantic market and Pacific rates moving Due to weak Capesize market, the Baltic Dry Index (BDI) fell by 3.62% …
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Oil and Ore Intraday Morning Technical 8/10/20
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Morning Oil Report 9/10/20
Brent was down by 8 cents at $43.26 a barrel by 0740 GMT, WTI crude fell 5 cents at $41.14 after both benchmarks gained more than 3% on Thursday. Both contracts are on course for a 10% gain this week after the news broke that the strikes in the Norwegian oil fields could signify a …
European Close
A better day for the Panamax sector today after yesterday’s sell off. Rates remained stable in the sector with November futures up 1.3% at USD 12,350, followed by Q1 futures which are looking to close 0.75% higher at USD 9,350 as of 16:00 GMT. Further down the curve futures have been more resilient with …
FIS Technical – Brent Oct 20 Daily
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Brent Dec 20 Morning Technical Comment – 240 Min – 8/10/20
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Morning Oil Report 8/10/20
Brent crude futures rose 9 cents, or 0.2%, to $42.08 a barrel, after falling 1.6% on yesterday. WTI crude futures rose 3 cents, or 0.1%, to $39.98 a barrel at 0435 GMT, after falling 1.8% yesterday. EIA Data week ending 10/2 Crude oil: +0.5M Gasoline: -1.4M Distillates: -1.0M Refiner utilz: 77.1% Prices moved …
Capesize rates plunge after paper selloff
Capesize freight rates slumped into losses after aggressive selloff in the paper market, especially for the Oct and Q4 contracts. Thus, the Capesize 5 time charter average fell by $1,431 day-on-day to $33,465 on Wednesday, after the physical market came under pressure. The Baltic Dry Index (BDI) followed by the slump but still managed to …
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