Tag archives: FO

Oil Through the Looking Glass 23/2/21

Texas Refineries Slowly Restart After Last Week’s Deep Freeze Refineries in the oil-rich Texas Gulf rapidly started ramping up production as much as possible following the fallout of the deep freeze which locked in as much as 4 million barrels per day in the height of the cold snap. It is thought the 85% of …

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Fuel Oil Morning Report 23/02/21

  Brent crude was up $1.10, or 1.7%, at $66.34 a barrel by 0437 GMT, after earlier hitting a high of $66.79. U.S. crude rose 92 cents, or 1.5%, to $62.62 a barrel, having reached a session high of $63. Both benchmarks have risen more than 2% on Tuesday after climbing nearly 4% in the …

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Daily Capesize Review 22/2/21

Capesize freight rates moved downward on slow trading after last week rally, amid market optimism on better post-holidays demand. The Capesize 5 time charter average then dropped by $351 day-on-day to $13,873 on Monday, after a sluggish start to the week. The Baltic Dry Index (BDI) went up slightly with a gain of 0.65% or …

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FIS Fuel Oil Morning Report 22/02/21

Brent crude was up 76 cents, or 1.2%, at $63.67 a barrel by 0104 GMT before tapering off slightly into the European morning session to print $63.53 by 0730GMT, after gaining nearly 1% last week. U.S. oil rose 74 cents, or 1.3%, to $59.98 a barrel, having fallen 0.4% last week.   Investment bank Goldman …

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