FIS Fuel Oil Morning Report 04/10/2021

Good morning. Crude oil futures edged lower in mid-morning trade in Asia Oct. 4 as the market looked for direction ahead of the OPEC+ meeting scheduled for later in the day. At 10:35 am Singapore time (0235 GMT), the ICE December Brent futures contract was down 24 cents/b (0.30%) from the previous close at $79.04/b, …

Daily Capesize Review 1/10/21

Daily Capesize Review 1/10/21 Capesize freight rates rebounded on tight tonnage supply, amid market uncertainty over power crunch in China and its impact on raw materials. The Capesize 5 time charter average, then rose by $1,014 day-on-day to $75,190 on Friday, due to market optimism on better fronthaul fixtures. The Baltic Dry Index (BDI) also …

Daily Capesize Review 30/9/21

Capesize freight rates slumped to end its bullish run, as market concerns turned to mine closures and China’s public holidays. The Capesize 5 time charter average, then dropped by $610 day-on-day to $74,176 on Thursday, after some selloff in the market. The Baltic Dry Index (BDI) then dipped by $30, down 0.58% day-on-day, to $5,167, …

FIS Fuel Oil Morning Report 30/09/21

Brent crude futures fell 7 cents, or 0.1%, to $78.24 a barrel at 0415 GMT, but were still heading for a small rise on the week, marking a fourth straight week of gains. U.S. West Texas Intermediate (WTI) crude futures slipped 6 cents to $74.97 a barrel, though the contract remained on track to post …

Daily Capesize Review 29/9/21

Capesize freight rates extended its rally to record-high levels, with supports from tight tonnage supply and better shipping demand. The Capesize 5 time charter average, then jumped by $5,773 day-on-day to $74,786 on Wednesday, despite some profit taking in the session. The Baltic Dry Index (BDI) then rose by $235, up 4.74% day-on-day, to $5,197, …