Tag archives: FO

Daily Capesize Review 28/10/21

Capesize freight rates came under pressures from sluggish demand, with market concerns over softening iron ore and coal prices. The Capesize 5 time charter average, then fell by $2,371 day-on-day to $37,669 on Thursday, following a series of corrections. The Baltic Dry Index (BDI) extended losses and dropped by $178, down 4.67% day-on-day, to $3,630, …

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ENGINE: East of Suez Bunker Fuel Market Update 28/10/21

Bunker prices have dropped on the day across East of Suez ports, dragged down by lower Brent values after a sizeable US crude inventory build.   Changes on the day to 16.00 SGT (08.00 GMT) today: VLSFO prices down in Fujairah ($10/mt) and Singapore ($7/mt) LSMGO prices down in Singapore ($15/mt), Zhoushan ($13/mt) and Fujairah …

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ENGINE: Europe & Africa Bunker Fuel Market Update 28/10/21

European and African bunker prices have come further down with Brent after a sizeable US crude inventory build.   Changes on the day to 08.00 GMT today: VLSFO prices down in Durban ($12/mt), Gibraltar ($11/mt) and Rotterdam ($10/mt) LSMGO prices down in Durban ($15/mt), Gibraltar ($14/mt) and Rotterdam ($6/mt) HSFO prices steady in Durban, and …

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Oil Morning Report 28/10/21

At 10:09 am Singapore time (0209 GMT), the ICE December Brent futures contract was down $2.08/b (2.46%) from the previous close at $82.50/b, while the NYMEX December light sweet crude contract fell $1.80/b (2.18%) to $80.86/b.   EIA weekly data Crude stocks +4.268M Gasoline stocks -1.993M Distillate stocks -0.432M Cushing stocks -3.899M   Crude oil …

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ENGINE: Americas Bunker Fuel Market Update 27/10/21

Bunker prices have mostly tracked declining Brent values across the Americas, and LSMGO stems have been offered in a wide range in Los Angeles.   Changes on the day to 09.30 CST (14.30 GMT) today: VLSFO prices steady in Balboa, and down in Los Angeles ($5/mt), Houston ($4/mt) and New York and Zona Comun ($1/mt) …

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ENGINE: East of Suez Bunker Fuel Market Update 27/10/21

East of Suez bunker prices have mostly come down with Brent, while Singapore’s LSMGO price has jumped amid higher-priced stems.   Changes on the day to 16.00 SGT (08.00 GMT) today: VLSFO price down in Fujairah ($6/mt), Zhoushan ($3/mt) and Singapore ($1/mt)    LSMGO prices up in Singapore ($21/mt), and down in Zhoushan and Fujairah …

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ENGINE: Europe & Africa Bunker Fuel Market Update 27/10/21

Rotterdam’s bunker prices have dropped sharply amid declining Brent values, and fuel oil supply has tightened in the port.   Changes on the day to 08.00 GMT today: VLSFO prices up in Durban ($1/mt), and down in Rotterdam ($18/mt) and Gibraltar ($6/mt) LSMGO prices steady in Durban, and down in Rotterdam ($9/mt) and Gibraltar ($1/mt) …

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Morning Oil Report 27/10/21

At 10:45 am Singapore time (0245 GMT), the ICE December Brent futures contract was down 50 cents/b (0.58%) from the previous close at $85.90/b, while the NYMEX December light sweet crude contract was 60 cents/b (0.71%) lower at $84.05/b after settling at a fresh seven-year high overnight.   API Crude: +2.318 M Cushing: -3.734 M …

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