Tag archives: FO

Morning Oil Report 16/12/21

At 10:19 am Singapore time (0219 GMT), the ICE February Brent futures contract was up 58 cents/b (0.79%) from the previous close at $74.46/b, while the NYMEX January light sweet crude contract rose 70 cents/b (0.99%) to $71.57/b.   EIA Crude oil: -4.6M SPR: -2.0M Gasoline: -0.7M Distillates: -2.9M   Oil prices were also drawing …

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Morning Oil Report 15/12/2021

At 10 am Singapore time (0200 GMT), the ICE February Brent futures contract was down 53 cents/b (0.72%) from the previous close at $73.17/b, while the NYMEX January light sweet crude contract fell 60 cents/b (0.85%) to $70.13/b.   Concerns over the omicron variant once again took center stage as emerging news showed the fast-spreading …

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Daily Capesize Review 14/12/21

Capesize freight rates continued to weaken due to slow shipping activities and oversupplied market, amid holidays season. The Capesize 5 time charter average, then plunged down by $6,289 day-on-day to $32,838 on Tuesday, after a massive selloff in the paper market. The Baltic Dry Index (BDI) also dropped by $284, down 8.83% day-on-day, to $2,932, …

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