Tag archives: FO

Morning Oil and Products Report 12/11/21

At 10:27 am Singapore time (0203 GMT), the ICE January Brent futures contract was down 28 cents/b (0.34%) from the previous close at $82.59/b, while the NYMEX December light sweet crude contract fell 26 cents/b (0.34%) at $81.33/b.   Analysts said risk-off sentiment was building amid an event-thinned calendar at the end of the week, …

Continue reading “Morning Oil and Products Report 12/11/21”

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

East of Suez bunker prices have come down with Brent crude on the day, and bunkering has resumed in Zhoushan and Yellow Sea ports in China.   Changes on the day to 16.00 SGT (08.00 GMT) today: VLSFO prices down in Fujairah ($20/mt), Zhoushan ($12/mt) and Singapore ($10/mt) LSMGO prices down in Fujairah ($24/mt), Singapore …

Continue reading “ENGINE: East of Suez Bunker Fuel Market Update 11/11/21”

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

European and African bunker prices have slumped with Brent amid signals of more US supply to the market.   Changes on the day to 08.00 GMT today: VLSFO prices down in Durban ($33/mt), Rotterdam ($25/mt) and Gibraltar ($20/mt) LSMGO prices down in Gibraltar ($28/mt), Durban ($25/mt) and Rotterdam ($23/mt) HSFO prices down in Rotterdam ($19/mt) …

Continue reading “ENGINE: Europe & Africa Bunker Fuel Market Update 11/11/21”

Daily Capesize Review 10/11/21

Capesize freight rates recovered further due to better shipping demand in the Pacific market, despite lengthy ballast list in the Atlantic basin. The Capesize 5 time charter average, then rose by $1,624 day-on-day to $32,099 on Wednesday, despite a choppy session. The Baltic Dry Index (BDI) then rose by $56, up by 2% day-on-day, to …

Continue reading “Daily Capesize Review 10/11/21”

Morning Oil Report 11/11/21

At 11 am Singapore time (0300 GMT), the ICE January Brent futures contract was up 12 cents/b (0.15%) from the previous close at $82.76/b, while the NYMEX December light sweet crude contract rose 13 cents/b (0.16%) at $81.47/b.   EIA week ending 11/5 Crude oil: +1.0M Gasoline: -1.6M Distillates: -2.6M Refiner utilz: 86.7% Impld mogas …

Continue reading “Morning Oil Report 11/11/21”

ENGINE: Americas Bunker Fuel Market Update 10/11/21

Bunker prices have gained on the back of Brent after an indicative US crude stock draw and ahead of the official EIA report release.   Changes on the day to 09.30 CST (14.30 GMT) today: VLSFO prices up in Los Angeles ($13/mt), New York ($8/mt) and Balboa and Zona Comun ($7/mt), and down in Houston …

Continue reading “ENGINE: Americas Bunker Fuel Market Update 10/11/21”

ENGINE: East of Suez Bunker Fuel Market Update 10/11/21

East of Suez fuel prices are up with Brent crude, and stems have been disrupted amid rough weather in South Korean ports.   Changes on the day to 16.00 SGT (08.00 GMT) today: VLSFO prices up in Singapore ($22/mt), Fujairah ($14/mt) and in Zhoushan ($11/mt) LSMGO prices up in Singapore ($20/mt), Zhoushan ($13/mt) and in …

Continue reading “ENGINE: East of Suez Bunker Fuel Market Update 10/11/21”

ENGINE: Europe & Africa Bunker Fuel Market Update 10/11/21

Low sulphur bunker prices have surged on the back of higher crude values in Europe and Africa, and supply remains tight in the Gibraltar region.   Changes on the day to 08.00 GMT today: VLSFO prices up in Gibraltar ($15/mt), Rotterdam ($12/mt) and Durban ($9/mt) LSMGO prices up in Gibraltar ($22/mt), Rotterdam ($19/mt) and Durban …

Continue reading “ENGINE: Europe & Africa Bunker Fuel Market Update 10/11/21”