Oil and Products Morning Report 23/11/21

At 10:12 am Singapore time (0212 GMT), the ICE January Brent futures contract was down 15 cents/b (0.19%) from the previous close at $79.55/b, while the NYMEX January light sweet crude contract fell 31 cents/b (0.40%) to $76.44/b.   The decline on Nov. 23 comes after oil prices bounced off 7-week lows in the overnight …

Oil and Products Morning Report 22/11/21

At 10:04 am Singapore time (0204 GMT), the ICE January Brent futures contract was down 59 cents/b (0.75%) from the previous close at $78.30/b, while the NYMEX January light sweet crude contract fell 46 cents/b (0.61%) to $75.48/b.   Austria is set to go into full lockdown starting Nov. 22 as daily cases in the …

Oil and Products Morning Report 19/11/21

Oil & Products Morning Report     At 10:15 am Singapore time (0215 GMT), the ICE January Brent futures contract was up 40 cents/b (0.49%) from the previous close at $81.64/b, while the NYMEX December light sweet crude contract rose 37 cents/b (0.47%) at $79.38/b.   Since then, the ICE Brent and NYMEX light sweet …

Daily Capesize Review 18/11/21

Capesize freight rates rebounded after recent selloff session, as more spot vessels had cleared out and thus setting up for a more balanced market. The Capesize 5 time charter average, then grew by $1,627 day-on-day to $27,033 on Thursday, after the paper market turned bullish and made some convincing gains. The Baltic Dry Index (BDI) …