Tag archives: FO

Daily Capesize Review 18/5/21

Capesize freight rates dipped further despite a better showing from the physical market that led some trade participants to believe the freight rates were bottoming up. The Capesize 5 time charter average then fell by $1,273 day-on-day to $31,429 on Tuesday, despite some improvement in the physical market. The Baltic Dry Index (BDI) also went …

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Fuel Oil Morning Report 19/05/21

Brent crude futures fell 73 cents, or 1.1%, to $67.98 a barrel at 0452 GMT. It settled 1.1% lower on Tuesday after briefly climbing above $70 earlier in the session. U.S. West Texas Intermediate (WTI) crude futures dropped 77 cents, or 1.2%, to $64.72 a barrel, following a 1.2% fall on Tuesday.   API Crude …

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Daily Capesize Review 17/5/21

Capesize freight rates continued the downward trend due to softening physical market that resulted selling pressure in the paper market. The Capesize 5 time charter average then fell by $1,840 day-on-day to $32,702 on Monday, following another selloff session. The Baltic Dry Index (BDI) also went down and decreased by 2.82% or 83 points on-day …

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FIS Fuel Oil Morning Report 18/05/21

Brent crude oil futures were up 19 cents, or 0.3%, at $69.65 a barrel by 0517 GMT, while West Texas Intermediate (WTI) was up 18 cents, or 0.3%, at $66.45 a barrel. Both contracts rose more than 1% on Monday.   Oil exports from OPEC+ have surged by over 1 million barrels per day in …

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