Tag archives: FO

FIS Fuel Oil Morning Report 16/07/21

Good morning and happy Friday.  As of 11:26 am Singapore time (0326 GMT), the ICE September Brent crude futures contract rose 2 cents/b (0.03%) from the previous close at $73.49/b, while the NYMEX August light sweet crude contract was up 4 cents/b (0.06%) at $71.69/b. The front month ICE Brent and NYMEX light sweet crude …

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ENGINE: Americas Bunker Fuel Market Update 15/7/21

Bunker prices have plunged in the Americas amid a 3% Brent price fall on the day.   Changes on the day to 09.30 CST (14.30 GMT) today: VLSFO prices down in Houston ($54/mt), New York ($30/mt), Zona Comun ($20/mt), Balboa ($18/mt) and Los Angeles ($15/mt) LSMGO prices down in New York ($34/mt), Houston, Balboa and …

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ENGINE: Europe & Africa Bunker Fuel Market Update 15/7/21

Bunker prices are tumbling in key European and African ports, tracking Brent down as a four-day rally has come to an end on the prospect of a breakthrough in the OPEC+ impasse.   Changes on the day to 08.00 GMT today: VLSFO prices down in Gibraltar ($31/mt), Durban ($23/mt) and Rotterdam ($22/mt) LSMGO prices down …

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ENGINE: East of Suez Bunker Fuel Market Update 15/7/21

East of Suez bunker prices have made sharp losses, pulled down by Brent values weakening on the prospect of an imminent OPEC+ deal and signs of lower US fuel demand.   Changes on the day to 16.00 SGT (08.00 GMT) today: VLSFO prices down in Zhoushan ($19/mt), Singapore ($18/mt) and Fujairah ($14/mt) LSMGO prices down …

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Daily Capesize Review 14/7/21

Capesize freight rates continued to come under selling pressure, despite some improvement seen in the physical market. The Capesize 5 time charter average, then fell further by $1,144 day-on-day to $29,128 on Wednesday, after an erratic paper trading session. The Baltic Dry Index (BDI) also dropped by 2.76% day-on-day, down 89 points to 3,139 readings, …

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FIS Fuel Oil Morning Report 15/07/21

Good morning. Oil prices have come under pressure, with ICE Brent settling more than 2% lower yesterday, and also trading weaker in early-morning trading today. As of 11:05 am Singapore time (0228 GMT), the ICE September Brent futures contract was down 74 cents/b (0.99%) from the previous close at $74.02/b, while the NYMEX August light …

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