Brent crude fell 32 cents, or 0.8%, to $42.53 a barrel by 0347 GMT and WTI for November was at $40.30 a barrel, down 30 cents, or 0.7%. Sing 0.5% and Rott 0.5% spreads are still in backwardation on the front months, HSFO spreads, however, are just clinging onto negative territory. Hi5s continue to …
Tag archives: FO
Fuel Oil Daily Evening Report
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European close
Golden week is over and for iron ore it means the bulls are back in town. Headlines on Bloomberg noted that combined exports from Port Hedland and Brazil are the highest ever, whilst steel inventories which normally see a 15% to 20% decline in Q3 have seen an increase of 3%. However, an Analyst at …
Capesize rates ease on weak physical market
Capesize freight rates continued its downtrend as the physical market came under pressure with further easing of rates. Thus, the Capesize 5 time charter average fell by $1,958 day-on-day to $31,507 on Thursday, with a sluggish Atlantic market and Pacific rates moving Due to weak Capesize market, the Baltic Dry Index (BDI) fell by 3.62% …
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Oil and Ore Intraday Morning Technical 8/10/20
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Morning Oil Report 9/10/20
Brent was down by 8 cents at $43.26 a barrel by 0740 GMT, WTI crude fell 5 cents at $41.14 after both benchmarks gained more than 3% on Thursday. Both contracts are on course for a 10% gain this week after the news broke that the strikes in the Norwegian oil fields could signify a …
European Close
A better day for the Panamax sector today after yesterday’s sell off. Rates remained stable in the sector with November futures up 1.3% at USD 12,350, followed by Q1 futures which are looking to close 0.75% higher at USD 9,350 as of 16:00 GMT. Further down the curve futures have been more resilient with …
Fuel Oil Daily Evening Report 8/10/20
Please click below to view the report For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004 US (KS): +1 …
FIS Technical – Brent Oct 20 Daily
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Oil Through the Looking Glass 08/10/2020
* In A World with Too Much Oil, OPEC+ Sweats Its Next Move* OPEC+ is considering its next move after implementing a 3-phase plan of output cuts over the course of 2020 and into early 2021. Demand recovery is slower than expected and prices are lower than many had hoped for which has meant that …