FIS Fuel Oil Morning Report 07/04/21

Brent crude futures for June rose by 34 cents, or 0.5%, to $63.08 a barrel by 0123 GMT before softening by 0730 to $62.78 while U.S. West Texas Intermediate crude for May was up 32 cents, or 0.5%, to $59.65.   API Crude -2.618M Cushing -0.840M Gasoline +4.553M Distillate +2.810M   Following the release of …

Daily Capesize Review 5/4/21

Capesize freight rates found supports in better shipping fundamentals in the Atlantic market with higher iron ore shipment volumes from Brazil. This was due to better weather conditions in Brazil with the passing of rainy seasons to allow miners to ramp up productions for exports. Meanwhile, the shipping participants were still returning to the market …

FIS Fuel Oil Morning Report 06/04/21

Welcome back to those who have enjoyed the Easter break!   Brent crude futures rose 38 cents, or 0.61%, to $62.53 a barrel at 0507 GMT, after falling 4.2% on Monday. U.S. West Texas Intermediate (WTI) crude futures rose 34 cents, or 0.58%, to $58.99 barrel, after sliding 4.6% on Monday. The US Dollar Index, …

Daily Capesize Review 2/4/21

Capesize freight rates are expected to rise in the second quarter of the year, in anticipation of strong iron ore exports from Australia and Brazil. After a strong Q1, shipping fundamentals remained robust with a relatively tight dry bulk supply amid plenty of commodity demand. The Baltic Dry Index (BDI), then rose by 1.27% or …

FIS Fuel Oil Morning Report 01/04/21

Brent crude for June delivery was up by 31 cents, or 0.5%, at $63.05 a barrel by 0159 GMT after falling 2.2% overnight before pushing up over 40 cents by 0730BST to $63.45. U.S. oil was up 38 cents, or 0.6%, at $59.54 a barrel, having dropped 2.3% on Wednesday.   EIA week ending 3/26 …