Tag archives: FO

Oil Morning Report 27/08/21

Brent crude futures rose 98 cents, or 1.4%, to $72.05 a barrel at 0542 GMT, after falling 1.6% on Thursday. U.S. West Texas Intermediate (WTI) crude futures climbed 93 cents, or 1.4%, to $68.35 a barrel, clawing back a 1.4% loss on Thursday.   Following its recovery over the last week, the oil rally appears …

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ENGINE: Global Physical Bunker Market Update 26/8/21

Global bunker prices are moving in mixed directions across ports today, while Brent has inched up by another 1% on the day.   Changes in the day to 08.00 GMT today: VLSFO prices up in Houston ($9/mt), Rotterdam ($4/mt), Gibraltar ($11/mt), Singapore ($2/mt) steady in Fujairah and down in Gibraltar ($2/mt) LSMGO prices up in …

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Daily Capesize Review 25/8/21

Capesize freight rates took a breather from recent bullish run, as trade participants went for profit-takings in the paper market. The Capesize 5 time charter average, then fell by $810 day-on-day to $50,662 on Thursday, following the market selloff, despite good market fundamentals. The Baltic Dry Index (BDI) followed the dip and dropped to $4,193, …

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Morning Fuel Oil 26/08/21

Morning Oil Report   Brent crude rose $1.20, or 1.7%, to settle at $72.25 a barrel. U.S. West Texas Intermediate (WTI) crude gained 82 cents, or 1.2%, to end at $68.36 a barrel. U.S. gasoline futures rose 5.5% to settle at $2.3008 a gallon. During the session, prices reached $2.3026 a gallon, their highest since …

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ENGINE: Global Physical Bunker Market Update 25/8/21

Bunker prices are rising for a third day in a row across global bunkering ports, tracking higher Brent crude values.   Changes in the day to 08.00 GMT today: VLSFO prices up in Houston ($15/mt), Fujairah ($12/mt), Gibraltar ($11/mt), Singapore ($10/mt) and Rotterdam ($7/mt) LSMGO prices up in Fujairah ($18/mt), Singapore and Gibraltar ($15/mt), Fujairah …

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Daily Capesize Review 24/8/21

Capesize freight rates continued its upward momentum, though at slower rate amid tight shipping tonnage with heavy congestion at Chinese ports. The Capesize 5 time charter average, then rose by $764 day-on-day to $51,472 on Tuesday, despite some standoff between the charterers and owners. The Baltic Dry Index (BDI) then hiked up higher at $4,201, …

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Morning Fuel Oil 25/08/21

Morning Oil Report     Brent crude futures dropped 25 cents, or 0.4%, to $70.80 a barrel by 0525 GMT, while U.S. West Texas Intermediate (WTI) crude futures fell 28 cents, or 0.4%, to $67.26. Both benchmark contracts rose by about 8% over the previous two days, erasing most of the slump from a seven-day …

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