Tag archives: FO

Morning Oil Report 4/12/20

Crude rallied 50 cent this morning after large buying action in the early morning pushing Brent up to the $49.73 level at 0800GMT.   OPEC+ production finally seems to have been settled in a compromised deal on cuts that will see a gradual and deliberate increase in oil production quotas going into 2021. Brent settled …

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Capesize rates slip on mixed market

Capesize freight rates dipped slightly, amid mixed market movement with firmer rates seen in the Pacific, while falling rates recorded in the Atlantic. The Capesize 5 time charter average then went down slightly by $48 day-on-day to $12,274 on Thursday, from the mixed market directions. The Baltic Dry Index (BDI) also dropped slightly by 1% …

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Morning Oil Report 3/12/20

Brent crude futures ended up 1.6% last night as the expectation of positive news from the OPEC meeting due today kept the market buoyant, although prices fell overnight. At 0700GMT there was some buying activity which lifted the price to $48.26 per barrel.   EIA week ending 11/27 Crude oil: -0.7M Gasoline: +3.5M Distillates: +3.2M …

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Capesize rates fall on lesser Brazilian shipment

Capesize freight rates continued to decline, after Vale reduced its annual guidance for 2021, stroking market concerns over lesser iron ore shipment. Thus, the Capesize 5 time charter average went down slightly by $10 day-on-day to $12,322 on Wednesday, due to bearish market sentiment. The Baltic Dry Index (BDI) then also dropped slightly by 0.83% or 10 points …

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