Tag archives: FO

ENGINE: East of Suez Bunker Fuel Market Update 18/11/21

East of Suez fuel prices are sharply down on the day, tracking lower Brent as it dips below $80/bbl for the first time in over a month.   Changes on the day to 16.00 SGT (08.00 GMT) VLSFO prices down in Singapore ($19/mt), Fujairah ($17/mt) and Zhoushan ($16/mt) LSMGO prices down in Fujairah and Zhoushan …

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ENGINE: Europe & Africa Bunker Fuel Market Update 18/11/21

European and African bunker prices are on retreat with Brent, as the US reaches out to recruit big Asian countries to tap into emergency crude reserves to cool prices.   Changes on the day to 08.00 GMT today: VLSFO prices down in Durban ($20/mt), Gibraltar ($18/mt) and Rotterdam ($17/mt) LSMGO prices down in Durban ($25/mt), …

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Oil and Products Morning Report 18/11/21

At 10:35 am Singapore time (0214 GMT), the ICE January Brent futures contract was down 30 cents/b (0.37%) from the previous close at $79.98/b, while the NYMEX December light sweet crude contract fell 68 cents/b (0.87%) at $77.68/b. Both benchmarks had shed 2.6%-3% in value overnight.   EIA week ending 11/12 Crude oil: -2.1M Gasoline: …

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Daily Capesize Review 17/11/21

Capesize freight rates extended losses in seasonally lean period, amid weak iron ore and steel demand in China. The Capesize 5 time charter average, then slumped by $2,653 day-on-day to $25,406 on Wednesday, amid a selloff session. The Baltic Dry Index (BDI) then dropped by $161, down by 6.21% day-on-day, to $2,430, due to softening …

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ENGINE: Americas Bunker Fuel Market Update 17/11/21

Americas bunker prices have inched down with Brent, and there are signs of better prompt bunker availability in Panama.   Changes on the day to 08.30 CST (14.30 GMT) today: VLSFO prices down in Zona Comun ($26/mt), Los Angeles ($4/mt), Houston and New York ($2/mt) and Balboa ($1/mt) LSMGO prices up in Balboa ($2/mt), and …

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ENGINE: East of Suez Bunker Fuel Market Update 17/11/21

East of Suez fuel prices are down on the day in response to fall in Brent crude, and Japan has low supply of bunker fuels.   Changes on the day to 16.00 SGT (08.00 GMT) today: VLSFO prices down in Zhoushan ($18/mt), Fujairah ($15/mt) and Singapore ($9/mt)  LSMGO prices down in Fujairah ($16/mt), Singapore and …

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