FIS Fuel Oil Morning Report 02/08/21

At 10:55 am Singapore time (0255 GMT), the ICE October Brent futures contract was down $1.08/b (1.43%) from the previous close at $74.33/b, while the NYMEX September light sweet crude contract was 96 cents/b (1.30%) lower at $72.99/b.   The ever present threat of the Coronavirus is still clear to see as many Asian countries …

ENGINE: Americas Bunker Fuel Market Update 30/07/21

Bunker prices across the Americas finish the week by rising higher on Brent, and a port strike has disrupted operations in two Argentinian ports.   Changes on the day to 09.30 CST (14.30 GMT) today: VLSFO prices up in Houston ($17/mt), New York ($10/mt), Balboa and Zona Comun ($8/mt) and Los Angeles ($4/mt) LSMGO prices …

ENGINE: East of Suez Bunker Fuel Market Update 30/07/21

East of Suez bunker prices are rising for another day as Brent is on track for a weekly gain.   Changes on the day to 16.00 SGT (08.00 GMT) today:   VLSFO prices up in Singapore ($6/mt), Fujairah ($5/mt) and Zhoushan ($2/mt)   LSMGO prices up in Singapore ($3/mt), Zhoushan and Fujairah ($2/mt)   HSFO380 …

ENGINE: Europe & Africa Bunker Fuel Market Update 30/07/21

European and African bunker prices have made fresh gains at the end of the week, and rough weather has delayed bunkering in Gibraltar and Algoa Bay.   Changes on the day to 08.00 GMT today:   VLSFO prices up in Rotterdam ($6/mt), Gibraltar ($3/mt) and Durban ($1/mt)   LSMGO prices up in Gibraltar and Durban …

Daily Capesize Review 29/7/21

Capesize freight rates rebounded due to more market activities with fresh shipping demand on key trading routes. The Capesize 5 time charter average, then rose by $1,783 day-on-day to $33,639 on Thursday, supported by better physical market. The Baltic Dry Index (BDI) also went up by 1.90% day-on-day, or 60 points to 3,214 readings, due …

FIS Fuel Oil Morning Report 30/07/21

Brent oil futures fell 0.79% to $74.51 by 1:18 AM ET (5:18 AM GMT) after climbing 1.75% on Thursday. WTI futures were down 0.736 to $73.06, whittling down a 1.7% rise.   Both Brent and WTI futures were set for gains of around 2% for the week, over signs of tight crude supplies and strong …