Tag archives: FO

ENGINE: East of Suez Bunker Fuel Market Update 4/11/21

East of Suez bunker prices are down for a second day today, tracking lower Brent values ahead of today’s OPEC+ meeting.   Changes on the day to 16.00 SGT (08.00 GMT) today: VLSFO prices down in Zhoushan ($11/mt) and Singapore ($4/mt), and steady in Fujairah LSMGO prices down in Zhoushan ($9/mt), Fujairah ($3/mt) and Singapore …

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ENGINE: Europe & Africa Bunker Fuel Market Update 4/11/21

European and African bunker prices have mostly dropped with crude after a big stock build in the US, and several Mediterranean ports are experiencing supply issues.   Changes on the day to 08.00 GMT today: VLSFO prices down in Rotterdam ($7/mt), Gibraltar ($3/mt) and Durban ($2/mt) LSMGO prices down in Rotterdam and Durban ($9/mt) and …

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Oil Morning Report 4/11/21

NYMEX December WTI settled $3.05 lower at $80.86/b and ICE January Brent declined $2.73 to $81.99/b.   EIA week ending 10/29 Crude oil: +3.3M Gasoline: -1.5M Distillates: +2.2M Refiner utilz: 86.3% Impld mogas demand: 9.50Mbpd   The crude build was largely in line with recent market expectations. American Petroleum Institute data released late Nov. 2 …

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ENGINE: Americas Bunker Fuel Market Update 3/11/21

Americas bunker prices have been pushed down by declining Brent values after US crude stocks grew by more than expected.   Changes on the day to 09.30 CST (14.30 GMT) today: VLSFO prices down in Balboa ($12/mt), Los Angeles and Zona Comun ($10/mt), New York ($4/mt) and Houston ($2/mt) LSMGO prices down in New York …

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Castaway Podcast Ep. 78

Freight and ferrous have fallen off a cliff this week, so we invited Holly Birkett from Tradewinds to discuss what’s been going on in the commodity markets this past week.   Click Below to Listen:   Website – https://freightinvestorservices.com/blog/fis-castaway-eps-78/   Spotify – https://open.spotify.com/episode/6fAzj6r9iPxU7Uy7ObSPm6?si=542m_BNOQm2Me-8QDAaPDA   iTunes – https://podcasts.apple.com/gb/podcast/episode-78/id1507094242?i=1000540622606

ENGINE: Europe & Africa Bunker Fuel Market Update 3/11/21

Bunker prices are sharply down with Brent, and a string of Mediterranean ports could see more weather disruptions over the next two days.   Changes on the day to 08.00 GMT today: VLSFO prices down in Rotterdam ($15/mt), Gibraltar ($12/mt) and Durban ($10/mt) LSMGO prices down in Durban ($15/mt), Rotterdam and Gibraltar ($13/mt) HSFO prices …

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ENGINE: East of Suez Bunker Fuel Market Update 3/11/21

East of Suez bunker prices have fallen on the day with Brent values, after API figures showed a bigger-than-expected build in US crude inventories.   Changes on the day to 16.00 SGT (08.00 GMT) today: VLSFO prices down in Fujairah ($12/mt), Singapore ($10/mt) and Zhoushan ($6/mt) LSMGO prices down in Fujairah ($16/mt), Zhoushan ($14/mt) and …

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Oil Morning Report 3/11/21

At 10:20 am Singapore time (0220 GMT), the ICE January Brent futures contract was down $1.33/b (1.56%) from the previous close at $83.39/b, while the NYMEX December light sweet crude contract fell $1.54/b (1.84%) at $82.37/b.   If confirmed by data from the US Energy Information Administration out later Nov. 3, crude oil inventories would …

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