Tag archives: FO

Daily Capesize Review 5/11/21

Capesize freight rates recovered some lost ground, despite bearish market sentiment over softening demand and lengthy ballaster list. The Capesize 5 time charter average, then inched up by $489 day-on-day to $27,199 on Friday, rebounding from recent slumps. The Baltic Dry Index (BDI) followed market corrections and dropped by $54, down 1.95% day-on-day, to $2,715, …

Continue reading “Daily Capesize Review 5/11/21”

Oil Morning Report 5/11/21

Good morning all,   At 10:10 am Singapore time (0210 GMT), the ICE January Brent futures contract was up 81 cents/b (1.01%) from the previous close at $81.35/b, while the NYMEX December light sweet crude contract was 89 cents/b (1.13%) higher at $79.70/b.   Sentiment in oil markets was recovering after a 2-day selloff that …

Continue reading “Oil Morning Report 5/11/21”

ENGINE: Americas Bunker Fuel Market Update 4/11/21

Bunker prices have mostly been rangebound in the Americas in the past day, while Houston has seen notable price gains against other ports.   Changes on the day to 09.30 CST (14.30 GMT) today: VLSFO prices up in Houston ($4/mt), steady in Balboa, and down in New York ($2/mt), Los Angeles and Zona Comun ($1/mt) …

Continue reading “ENGINE: Americas Bunker Fuel Market Update 4/11/21”

ENGINE: East of Suez Bunker Fuel Market Update 4/11/21

East of Suez bunker prices are down for a second day today, tracking lower Brent values ahead of today’s OPEC+ meeting.   Changes on the day to 16.00 SGT (08.00 GMT) today: VLSFO prices down in Zhoushan ($11/mt) and Singapore ($4/mt), and steady in Fujairah LSMGO prices down in Zhoushan ($9/mt), Fujairah ($3/mt) and Singapore …

Continue reading “ENGINE: East of Suez Bunker Fuel Market Update 4/11/21”

ENGINE: Europe & Africa Bunker Fuel Market Update 4/11/21

European and African bunker prices have mostly dropped with crude after a big stock build in the US, and several Mediterranean ports are experiencing supply issues.   Changes on the day to 08.00 GMT today: VLSFO prices down in Rotterdam ($7/mt), Gibraltar ($3/mt) and Durban ($2/mt) LSMGO prices down in Rotterdam and Durban ($9/mt) and …

Continue reading “ENGINE: Europe & Africa Bunker Fuel Market Update 4/11/21”

Oil Morning Report 4/11/21

NYMEX December WTI settled $3.05 lower at $80.86/b and ICE January Brent declined $2.73 to $81.99/b.   EIA week ending 10/29 Crude oil: +3.3M Gasoline: -1.5M Distillates: +2.2M Refiner utilz: 86.3% Impld mogas demand: 9.50Mbpd   The crude build was largely in line with recent market expectations. American Petroleum Institute data released late Nov. 2 …

Continue reading “Oil Morning Report 4/11/21”

ENGINE: Americas Bunker Fuel Market Update 3/11/21

Americas bunker prices have been pushed down by declining Brent values after US crude stocks grew by more than expected.   Changes on the day to 09.30 CST (14.30 GMT) today: VLSFO prices down in Balboa ($12/mt), Los Angeles and Zona Comun ($10/mt), New York ($4/mt) and Houston ($2/mt) LSMGO prices down in New York …

Continue reading “ENGINE: Americas Bunker Fuel Market Update 3/11/21”