Tag archives: FO

ENGINE: Europe & Africa Bunker Fuel Market Update 5/8/21

European and African bunker prices have made sharp losses alongside Brent, and Gibraltar’s VLSFO price continues to be competitive with ARA ports.   Changes on the day to 08.00 GMT today: VLSFO prices down in Rotterdam and Durban ($18/mt) and Gibraltar ($16/mt) LSMGO prices down in Gibraltar ($19/mt) and Rotterdam ($18/mt) and steady in Durban …

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Daily Capesize Review 4/8/21

Capesize freight rates continued to recover from improving shipping demand, which lifted market sentiment. The Capesize 5 time charter average, then rose by $459 day-on-day to $35,675 on Wednesday, due to better market confidence. The Baltic Dry Index (BDI) also went up by 1.13% day-on-day, or 37 points to 3,318 readings, due to better freight …

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ENGINE: East of Suez Bunker Fuel Market Update 5/8/21

Bunker prices have slumped to two-week lows in major East of Suez ports, as Brent fell below $70/bbl earlier today under pressure from a build in US crude stocks and lockdown measures in China.   Changes on the day to 16.00 SGT (08.00 GMT) today: VLSFO prices down in Fujairah ($20/mt), Zhoushan ($18/mt) and Singapore …

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FIS Fuel Oil Morning Report 05/08/21

  Brent crude oil futures rose by 19 cents, or 0.3%, to $70.57 a barrel by 0438 GMT, while U.S. West Texas Intermediate (WTI) crude futures increased by 23 cents, or 0.3%, to $68.38 a barrel. Both benchmarks fell by more than $2 a barrel on Wednesday.   EIA week ending 7/30 Crude oil: +3.6M …

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