Tag archives: FO

FIS Fuel Oil Morning Report 02/06/21

Brent crude futures for August settled up 93 cents, or 1.3%, to $70.25 a barrel after hitting $71 earlier in the session – its highest intra-day price since March 8. U.S. West Texas Intermediate crude for July was up $1.40, or 2.1%, to $67.72. As widely expected OPEC+ confirmed yesterday that they will go ahead …

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Daily Capesize Review 28/5/21

Capesize freight rates plunged as the physical market came under pressure and resulted a selloff in the paper market. The Capesize 5 time charter average then fell by $2,320 day-on-day to $25,614 on Friday, following the selloff. The Baltic Dry Index (BDI) also dropped down by 3.42% or 92 points on-day to 2,596 readings, due …

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Daily Capesize Review 27/0/5/21

Capesize freight rates continued to drop fast due to poor shipping fundamentals despite healthy demand in the Pacific market. The Capesize 5 time charter average then dropped by $1,686 day-on-day to $27,934 on Thursday, despite some market talks of blockade lifting in Bolivar that resulted in some late upticks in trading. The Baltic Dry Index …

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FIS Fuel Oil Morning Report 28/05/21

At 10:26 am Singapore time (0226 GMT), the ICE Brent July contract was up 18 cents/b (0.26%) from the previous settle at $69.64/b, while the July NYMEX light sweet crude contract was 29 cents/b (0.43%) higher at $66.85/b.   The positive sentiment in the market is most evidently coming from the US as the economy …

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