Storm clouds are brewing in the US, but for now it’s all clear at the FIS offices where the team are joined by Richard Heath, Senior Manager of group Strategy at EEX, to discuss developments in the dry and container freight futures markets, together with our usual comment and analysis across FIS products Available …
Tag archives: FO
Capesize rates inch up on firm Pacific market
Capesize freight rates continued its upward climb on bullish market sentiments with firmer Pacific market. The Capesize 5 time charter average then rose by $708 day-on-day to $19,015 on Tuesday, with the September contracts reaching a high of $23,100, while the October contracts at high $23,150. Riding on the good freight rates, the Baltic Dry …
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Oil Through the Looking Glass 26/8/20
*Hurricane Laura worries shut Port Houston traffic, slow bunker trading Bunker trading has slowed as a result of the imminent landfall of hurricane Laura. The US coast guard has been put on alert as the inclement weather is expected to batter the region, making its way north. Sources are saying that the market is waiting …
Morning Oil Report 26/8/20
Good morning all. Brent rose 12 cents, or 0.3%, to $45.98 a barrel by 3:35 am GMT, while WTI remained steady at $43.35 a barrel. The back-to-back tropical storms Marco and Laura has seen upstream operators shut about 1.558 million b/d of oil, or 84.3% of offshore production, by August 25, according to latest …
Evening Oil Report 25/8/20
Click below link for the Evening Oil Report For more information please contact FIS Oil Desk info@freightinvestor.com UK number: +44 (0) 207 090 1134 Shanghai number: +86 (0)21 63012568
Capesize rates rebound on better iron ore and coal demand
Capesize freight rates rebounded on firmer note due to good momentum from the Pacific market. The Capesize 5 time charter average went up by $387 day-on-day to $18,305 on Monday, due to good run for September contracts that nearly touched $22,000. Despite the positivity surrounding Capesize, the Baltic Dry Index (BDI) rose slightly by 0.68 …
Continue reading “Capesize rates rebound on better iron ore and coal demand”
Oil Through the Looking Glass 25/8/20
*Gulf Coast Refineries Shut Ahead of Storm, Gasoline Soars As 82% of the Gulf of Mexico production is shut down due to the storms and hurricanes that are battering the coastline which equates to nearly 1 million barrels a day, the gasoline futures rallied on the news of the shutdown. The day ended with the …
Morning Oil Report 25/8/20
Good morning all. Brent rose by 9 cents, or 0.2%, to $45.22 a barrel by 4:19 am GMT, while WTI fell 9 cents, or 0.2%, at $42.53 a barrel. Brent has been rising from last week’s highs mostly due to Hurricane induced gains due to possible storm aftermath effects on global oil flows, which …
Evening Oil Report 24/8/20
Click below link for the Evening Oil Report For more information please contact FIS Oil Desk info@freightinvestor.com UK number: +44 (0) 207 090 1134 Shanghai number: +86 (0)21 63012568
Oil Through the Looking Glass 24/8/20
*China’s July Diesel Exports Hit Five Year Low China’s diesel exports fell by two thirds comparing to last July, as weakening demand from overseas has forces refineries to concentrate on domestic consumers. Only 550,000 tons were exported in July, a drop of half of levels seen only in June according to Reuters. Yet, domestic demand …