FIS API Blog
Capesize freight rates closed lower after the selloff in early session especially for the August and September contracts, while the Q4 contract held firm. Thus, the Capesize 5 time charter average went down by $652 day-on-day to $17,918 on Friday, to end the week on corrections for freight rates. The Baltic Dry Index (BDI) then …
Continue reading “Capesize rates dip on a week of corrections”
Good morning all. Brent futures were down 2 cents, or 0.1%, to $44.33 a barrel by 3:16 am GMT, while WTI futures slipped 2 cents, or 0.1%, to $42.32 a barrel. With the markets moving into a soft contango and the front-month struggling to breakout topside even as broader risk market stabilize, traders have …
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
Sleepy Joe may have confirmed Kamala Harris as his running mate for the US Presidency, but there is another sleepy factor lurking in the background, ready to bring either fireworks or a quiet slide into obscurity towards the end of this year. The world has endured a period of huge upheaval. From the virus outbreak …
Continue reading “Ship Shape – A Sleeping Bull in a China Shop”
Good morning all. Brent futures were up 17 cents, or 0.4%, at $45.07 per barrel at 5:05 am GMT, while WTI futures rose 13 cents, or 0.3%, to $42.95 per barrel. US initial jobless claims for the week ended Aug. 15 was reported at 1.11 million, higher than analysts’ expectations of a 925,000 gain …
Capesize freight rates continued to slide despite a flurry of fixtures done by Brazilian miner over a short span of days. The Capesize 5 time charter average went down by $898 day-on-day to $18,570 on Thursday, despite bullish sentiment over the Brazil to China route. The Baltic Dry Index (BDI) then dropped by 3.19 % …
Continue reading “Capesize rates slide on selling pressure amid Vale’s fixing spree”
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
*Crude Stocks Fall While Imports Rise The EIA reported yesterday that crude inventories fell by 1.6 million barrels in the week to Aug. 14 to 512.5 million barrels, less than analysts’ expectations in a Reuters poll for a 2.7 million-barrel drop. This drop came despite a rise in net imports of 1.1 million bpd …
Good morning all. Brent futures were down 36 cents, or 0.8%, at $45.01 a barrel by 4:42 am GMT, WTI futures were down 38 cents, or 0.9%, at $42.55 a barrel. The US Federal Reserve released the minutes of its July Federal Open Market Committee meeting on Aug. 19 that highlighted the COVID-19 pandemic …
It was another softening day for the Capesize paper market despite robust steel demand in China that led iron ore prices to rise to a six-year high. The Capesize 5 time charter average went down by $225 day-on-day to $19,468 on Wednesday, despite another round of fixing spree by Brazil’s Vale for the Brazil to …
Continue reading “Capesize rates weaken despite record-high iron ore prices”
