FIS Fuel Oil Morning Report 26/03/21

Brent crude was higher by 54 cents, or 0.9%, at $62.49 a barrel by 0432 GMT, after dropping 3.8% on Thursday before pushing to just under $63.00 by 0700GMT. U.S. West Texas Intermediate (WTI) crude was up 65 cents, or 1.1%, at $59.21 a barrel, having tumbled 4.3% a day earlier. Both benchmarks were on …

Daily Capesize Review 25/3/21

Capesize freight rates rebounded slightly with some improvement in the key trading routes amid sluggish market. The Capesize 5 time charter average then rose by $124 day-on-day to $18,490 on Thursday, with improving market sentiment on shipping demand. The Baltic Dry Index (BDI), however continued to drop by 1.00% or 22 points to 2,172 readings, …

Daily Capesize Review 24/3/21

Capesize freight rates continued to slide on sluggish market, but faced little impact from the blockage at Suez Canal. The Capesize 5 time charter average then dropped by $748 day-on-day to $18,366 on Wednesday, as cape derivative continued to decline. The Baltic Dry Index (BDI) also went down further by 3.39% or 77 points to …

FIS Fuel Oil Morning Report 25/03/21

Brent crude futures slid $1.33, or 2.1%, to $63.08 a barrel at 0559 GMT, after jumping 6% overnight. U.S. West Texas Intermediate (WTI) crude futures dropped by $1.40, or 2.3%, to $59.78 a barrel, after climbing 5.9% overnight.   EIA week ending 3/19 Crude oil: +1.9M Gasoline: +0.2M Distillates: +3.8M Refiner utilz: 81.6% Impld mogas …

FIS Castaway Podcast – Episode 47 24/03/21

    FIS Castaway Podcast – Episode 47 – Air Passenger Special   Serious volatility in air passenger travel has us asking CEO Mark Howarth of Skytra about their index for air passenger travel pricing. Learn about incredible new tools for hedging and trading this vital sector, along with our usual news and updates, on …

FIS Fuel Oil Morning Report 24/03/21

Brent crude futures rose 8 cents, or 0.1%, to $60.87 a barrel by 0454 GMT, after tumbling 5.9% and hitting a low of $60.50 the previous day. West Texas Intermediate (WTI) crude futures climbed 8 cents, or 0.1%, to $57.84 a barrel, having lost 6.2% and touched a low of $57.32 on Tuesday. Both benchmarks …