ENGINE: Americas Bunker Fuel Market Update 12/11/21

Bunker prices have mostly been rangebound in the Americas, and while VLSFO is widely available for prompt delivery dates in Houston and Los Angeles, their prices have gained against several other ports.    Changes on the day to 09.30 CST (14.30 GMT) today:  VLSFO prices up in Los Angeles ($9/mt), Houston ($5/mt) and Balboa ($3/mt), …

ENGINE: East of Suez Bunker Fuel Market Update 12/11/21

East of Suez bunker fuel prices are mixed amid a slight drop for Brent crude, and bunkering has resumed in South Korea.    Changes on the day to 16.00 SGT (08.00 GMT) today:  VLSFO prices up in Fujairah ($3/mt), steady in Zhoushan, and down and Singapore ($5/mt)  LSMGO prices up in Zhoushan ($3/mt), and down …

Morning Oil and Products Report 12/11/21

At 10:27 am Singapore time (0203 GMT), the ICE January Brent futures contract was down 28 cents/b (0.34%) from the previous close at $82.59/b, while the NYMEX December light sweet crude contract fell 26 cents/b (0.34%) at $81.33/b.   Analysts said risk-off sentiment was building amid an event-thinned calendar at the end of the week, …

ENGINE: East of Suez Bunker Fuel Market Update 11/11/21

East of Suez bunker prices have come down with Brent crude on the day, and bunkering has resumed in Zhoushan and Yellow Sea ports in China.   Changes on the day to 16.00 SGT (08.00 GMT) today: VLSFO prices down in Fujairah ($20/mt), Zhoushan ($12/mt) and Singapore ($10/mt) LSMGO prices down in Fujairah ($24/mt), Singapore …

ENGINE: Europe & Africa Bunker Fuel Market Update 11/11/21

European and African bunker prices have slumped with Brent amid signals of more US supply to the market.   Changes on the day to 08.00 GMT today: VLSFO prices down in Durban ($33/mt), Rotterdam ($25/mt) and Gibraltar ($20/mt) LSMGO prices down in Gibraltar ($28/mt), Durban ($25/mt) and Rotterdam ($23/mt) HSFO prices down in Rotterdam ($19/mt) …

Daily Capesize Review 10/11/21

Capesize freight rates recovered further due to better shipping demand in the Pacific market, despite lengthy ballast list in the Atlantic basin. The Capesize 5 time charter average, then rose by $1,624 day-on-day to $32,099 on Wednesday, despite a choppy session. The Baltic Dry Index (BDI) then rose by $56, up by 2% day-on-day, to …

Morning Oil Report 11/11/21

At 11 am Singapore time (0300 GMT), the ICE January Brent futures contract was up 12 cents/b (0.15%) from the previous close at $82.76/b, while the NYMEX December light sweet crude contract rose 13 cents/b (0.16%) at $81.47/b.   EIA week ending 11/5 Crude oil: +1.0M Gasoline: -1.6M Distillates: -2.6M Refiner utilz: 86.7% Impld mogas …

ENGINE: Americas Bunker Fuel Market Update 10/11/21

Bunker prices have gained on the back of Brent after an indicative US crude stock draw and ahead of the official EIA report release.   Changes on the day to 09.30 CST (14.30 GMT) today: VLSFO prices up in Los Angeles ($13/mt), New York ($8/mt) and Balboa and Zona Comun ($7/mt), and down in Houston …