*Asian Fuel Oil Market News It is expected that the strong sentiment in the physical is to continue for VLSFO with lower arbitrage cargoes coming into Singapore. Imports for August are estimated to be 1.5 – 2 million tonnes, down from 2 – 2.5 million tonnes in July. This is also being driven by lower …
Tag archives: FO
Fuel Oil Daily Evening Report
Oil and Ore Intraday Morning Technical
Ship Shape – FIS Commodity Weekly 31/07/20
Ouch Thursday afternoon saw a report that US GDP in Q2 shrank by 32.9%. Now this may have beaten expectations, but it’s a bit like saying that you didn’t come last in the 38,000-person London Marathon, you came second last. That kind of incredible fall is the reason for the huge drops in demand for …
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Fuel Oil Daily Evening Report
Oil Through the Looking Glass 30/7/20
*Biggest US Crude Draw Since 2019 The EIA reported a 10.6 million bbl drop in crude stocks, however the total stocks were still 17% above the 5-year seasonal average. Crude oil: -10.6M Gasoline: +0.7M Distillates: +0.5M Refinery utilisation: 79.5% *BP Fined for Shetland Oil Spill BP has been fined £7,000 after spilling 95 tonnes of …
Capesize rates rebound on firm Pacific market
Capesize rates jumped on better physical market with both basins seemed significant gains despite an upcoming public holiday in Singapore. The Capesize 5 time charter average hiked up by $1,197 day-on-day to $17,721 on Wednesday, with Aug and Sep contracts traded on highs of $19,250 and $20,750 respectively. With improvement in Capesize, the Baltic Dry …
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Oil and Ore Intraday Morning Technical
Fuel Oil Daily Evening Report
FIS CASTAWAY – EPISODE 18
This week geopolitics takes centre stage as the team discuss escalating China-US tensions weighing on markets, along with outlining current market trends in all of FIS’s markets. Available now on the FIS website (www.freightinvestorservices.com/media ) Spotify https://open.spotify.com/show/7yMLsm5s8tLtrCQr7bG8wD?si=FW6Rvj9HRjClAx3vRjq8iw And Apple https://podcasts.apple.com/sg/podcast/fis-castaway/id1507094242 Disclaimer: This podcast is a marketing communication and is not based upon detailed analysis …