Tag archives: FO
Morning Oil Note 2/7/20
Good morning all. U.S. WTI crude futures fell 10 cents, or 0.3%, to $39.72 a barrel at 0148 GMT, trimming a 1.4% rise from Wednesday. Brent crude futures eased 6 cents, or 0.1%, to $41.97 a barrel, after rising 1.8% in the previous session. The market has moved up this morning after a fall in US …
Fuel Oil Daily Evening Report
Oil Through the Looking Glass 1/7/20
*Europe Next on the Crude Splurge List* After the reports a few weeks ago of the Chinese increase in crude buying, it seems that this is now waning. China has bought so much crude that its inventories have hit a record 847.50 million barrels in the week that began June 22, Kpler data showed. With …
Capesize hovers above $30,000 level and BDI reaches year-high
Capesize rates stabilized at the $30,000 level, but the market remained at backwardation as some trade participants do not believe on the long-term strength of capes. Thus, the Capesize 5 time charter average saw a small gain of $79 day-on-day to $30, 857 on Tuesday. The Baltic Dry Index (BDI) also spotted small gain of …
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Oil and Ore Intraday Morning Technical
Morning Oil Note 1/7/20
Oil futures rose this morning after lower than expected crude inventories in the United States, and despite an increase in coronavirus cases lightly obfuscating a positive demand outlook. At 3.45 am GMT front-month Brent futures were up 48 cents (1.2%), to $41.75 a barrel. WTI was up 54 cents (1.4%), at $39.81 a barrel. According …
Fuel Oil Daily Evening Report
Oil Through the Looking Glass 30/6/20
*HSFO – The Comeback Kid* When the IMO 2020 regulation came into effect at the start of the year, people had previously predicted that the old grade HSFO would be in oversupply and collapse in price. What has actually come about is a story of great strength and versatility of the old grade fuel. HSFO …
Oil market waits for data for pre-holiday direction
All eyes for signs of potential demand recovery are on data announcements due on Tuesday from the American Petroleum Institute, from the US government’s Energy Information Administration on Wednesday, and from the key 4 July holiday, when increased travel is expected. A Reuters poll showed analysts expect U.S. crude oil stockpiles fell from record …
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