Category archives: Products

Oil Through the Looking Glass 30/7/20

*Biggest US Crude Draw Since 2019 The EIA reported a 10.6 million bbl drop in crude stocks, however the total stocks were still 17% above the 5-year seasonal average. Crude oil: -10.6M Gasoline: +0.7M Distillates: +0.5M Refinery utilisation: 79.5% *BP Fined for Shetland Oil Spill BP has been fined £7,000 after spilling 95 tonnes of …

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Capesize rates rebound on firm Pacific market

Capesize rates jumped on better physical market with both basins seemed significant gains despite an upcoming public holiday in Singapore. The Capesize 5 time charter average hiked up by $1,197 day-on-day to $17,721 on Wednesday, with Aug and Sep contracts traded on highs of $19,250 and $20,750 respectively. With improvement in Capesize, the Baltic Dry …

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