Tag archives: FO

ENGINE: Europe & Africa Bunker Fuel Market Update 05/10/21

European and African bunker prices have surged higher on the back of Brent, after OPEC+ defied calls to mitigate the global oil supply deficit by sticking to its current output plan.   Changes on the day to 08.00 GMT today:   VLSFO prices up in Rotterdam ($23/mt) and Gibraltar ($10/mt), and steady in Durban LSMGO …

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FIS Fuel Oil Morning Report 05/10/21

Brent crude settled up $1.98, or 2.5%, to $81.26 a barrel. It rose 1.5% last week for a fourth consecutive weekly gain, and was back up to highs last seen in 2018.   Oil jumped to a three-year peak on Monday after OPEC+ confirmed it would stick to its current output policy as demand for …

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ENGINE: East of Suez Bunker Fuel Market Update 04/10/21

East of Suez bunker prices have recorded gains from Friday’s levels, tracking higher Brent values, and a tropical storm has halted bunker deliveries in Fujairah since Saturday.     Changes on the day to 16.00 SGT (08.00 GMT) today:   · VLSFO prices up in Zhoushan ($17/mt), and steady in Singapore and Fujairah · LSMGO …

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ENGINE: Europe & Africa Bunker Fuel Market Update 04/10/21

Bunker prices have bounced back up again with help from Brent, and LSMGO prices have rallied to widen spreads to VLSFO.   Changes on the day from last Friday, to 08.00 GMT today:   VLSFO prices up in Durban ($22/mt), Rotterdam ($7/mt) and Gibraltar ($3/mt) LSMGO prices up in Durban ($24/mt), Gibraltar ($20/mt) and Rotterdam …

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FIS Fuel Oil Morning Report 04/10/2021

Good morning. Crude oil futures edged lower in mid-morning trade in Asia Oct. 4 as the market looked for direction ahead of the OPEC+ meeting scheduled for later in the day. At 10:35 am Singapore time (0235 GMT), the ICE December Brent futures contract was down 24 cents/b (0.30%) from the previous close at $79.04/b, …

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Daily Capesize Review 1/10/21

Daily Capesize Review 1/10/21 Capesize freight rates rebounded on tight tonnage supply, amid market uncertainty over power crunch in China and its impact on raw materials. The Capesize 5 time charter average, then rose by $1,014 day-on-day to $75,190 on Friday, due to market optimism on better fronthaul fixtures. The Baltic Dry Index (BDI) also …

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