Tag archives: FO

Capesize rates rebound on better physical fixtures

Capesize freight rates rebounded on better fixtures in the physical market that supported an uptick in the paper market. The Capesize 5 time charter average then rose by $302 day-on-day to $18,606 on Tuesday, due to improving market sentiment on the physical market. The Baltic Dry Index (BDI) followed the minor uptick in Capesize and …

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Evening Oil Report 27/10/20

Click below link for the Evening Oil Report       Click below link for the September Monthly Report   https://fisapp.com/wp-content/uploads/2020/10/Monthly-Oil-Report-Sep-2020.pdf     For more information please contact   FIS Oil Desk info@freightinvestor.com UK number: +44 (0) 207 090 1134 Shanghai number: +86 (0)21 63012568

Morning Oil Report 27/10/20

Brent crude was up 19 cents, or 0.5%, at $40.65 a barrel by 0324 GMT. WTI gained 15 cents, or 0.4%, at $38.71 a barrel. Both contracts fell more than 3% on Monday. Although oil was up this morning, there are still many unanswered questions regarding the extent of the relief package that will be …

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Capesize rates reverse into losses over weak iron ore demand

Capesize freight rates dropped over market concerns over slowing iron ore demand and weakness in the paper and bunker markets. Thus, the Capesize 5 time charter average dipped by $445 day-on-day to $18,304 on Monday, following a selloff session. The Baltic Dry Index (BDI) followed the downtrend and dropped by 0.92% or 13 points day-on-day …

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Oil Through the Looking Glass 26/10/20

*Libya Lifts Force Majeure On El Feel Oil Field on Way To 1 Mil B/D Output* The El Feel oil field, also known as the Elephant, has had the force majeure lifted. The 70,000-bpd field is ramping up production to reach the target of 1 million barrels per day which would double current levels of …

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Capesize rates firm up on improving market

Capesize freight rates continued the upward momentum on better market sentiments and improving physical markets. The Capesize 5 time charter average inched up by $212 day-on-day to $18,749 on Friday, despite some profit-takings during the trading session. The Baltic Dry Index (BDI) also went up by 1% or 14 points day-on-day to 1,415 readings, given …

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Morning Oil Report 26/10/20

Brent crude was down 89 cents, or 2.1%, at $40.88 by 0647 GMT. U.S. WTI dropped 89 cents, or 2.2%, to $38.96. Brent fell 2.7% last week and WTI dropped 2.5%.   The weekend provided a plethora of different stories for crude and oil news this weekend in what has been a month predominantly dominated …

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