Tag archives: FO

FIS Fuel Oil Morning Report 30/04/21

Perhaps a touch of profit taking this morning as we are off at the open $67.70 down -0.5% or 0.33c. While The outbreak in India is holding back oil’s rally I don’t foresee it causing any major sell offs in the longer term. There is a bank holiday in the UK on Monday so perhaps …

Continue reading “FIS Fuel Oil Morning Report 30/04/21”

FIS Fuel Oil Morning Report 29/04/21

Brent opened up +0.3% or 20c higher at$67.47 as of 8am GMT We are again on the front foot as oil edges higher as rising demand optimism offsets virus surge ! I get the feeling the market is now well trenched in the idea that demand is going to boom in the 2h of this …

Continue reading “FIS Fuel Oil Morning Report 29/04/21”

Daily Capesize Review 27/4/21

Capesize freight rates rallied on bullish market outlook with record high iron ore prices and good steel demand from China. The Capesize 5 time charter average then surged up by $2,106 day-on-day to $37,453 on Tuesday, due to bullish market outlook. The Baltic Dry Index (BDI) then rose by 2.88% or 81 points on-day to …

Continue reading “Daily Capesize Review 27/4/21”