FIS Fuel Oil Morning Report 18/03/21

Brent crude was down 37 cents, or 0.5%, at $67.63 a barrel by 0535 GMT after dropping 0.6% on Wednesday. U.S. oil was also down 32 cents, or 0.5%, at $64.28 a barrel, having fallen 0.3% the previous session.   EIA week ending 3/12 Crude oil: +2.4M Gasoline: +0.5M Distillates: +0.3M Refiner utilz: 76.1% Impld …

Daily Capesize Review 17/3/21

Capesize freight rates kept up the positive momentum with steady gains, amid improved shipping outlook. The Capesize 5 time charter average then increased by $657 day-on-day to $17,931 on Wednesday, after the modest trading volume during the session. The Baltic Dry Index (BDI) went up higher by 4.36% or 88 points to 2,105 readings, supported …