Brent crude futures for December fell by 12 cents, or 0.3%, to $42.33 a barrel by 0455BST while U.S. WTI futures were down 11 cents, or 0.3%, to $40.09. Early morning interest this morning sees selling on high sulfur and buying on low sulfur, with the European and Singapore FoGos strengthening yesterday but some cooling …
Tag archives: FO
European close
A bit of a quandary for iron ore overnight. Iron ore futures had, as mentioned previously entered a corrective phase within a bull move. We asked the question whether China can keep consuming iron ore at this rate and if so, for how long. Well, apparently that question is hanging a little heavier than we …
Fuel Oil Daily Evening Report
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Oil Through the Looking Glass 13/10/20
*Crude, Fuel and Gasoil Push in The Morning Window* A morning increase for Crude, Fuel and Gasoil this morning also saw the strengthening of the front FoGos strengthen to print -40.75 for the Euro and -18 for the Sing, with the front crack is valued at -5.75 at 1010BST. (FIS) *BP Says It Returning …
Oil and Ore Intraday Morning Technical 13/10/20
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Capesize rates falls on soft physical market
Capesize freight rates continued to head south on selling pressure on the paper market and thin physical trading market. The Capesize 5 time charter average fell by $2,146 day-on-day to $27,333 on Monday, due to aggressive selloff, but gained some ground as Pilbara port authorities were turning away covid infected crews. The Baltic Dry Index …
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Morning Oil Report 13/10/20
Brent crude futures rose 4 cents to $41.76 a barrel while U.S. WTI futures inched up 4 cents to $39.47 a barrel at 0448 GMT. Early trading saw buying interest in HSFO. With a slight increase in Brent, fuel prices have also responded up around $1 on HSFO and $3 on 0.5% above Europe COB. …
European Close 12/10/20
A bit of a lacklustre start to the week with the November Iron Ore futures moving two dollars off its highs as it enters a corrective phase. Fundamentally the question is can China keep consuming iron ore at this rate, and if so for how long? There has not been an analyst in the market …
Fuel Oil Daily Evening Report
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): …
Ship Shape: FIS Commodity Weekly 12/10/20
Tanker, Tailor, Soldier, Fly People may be forgiven for thinking that the last seven days was a slow news week, as the biggest headline grabber was the two-minute appearance of a fly on the head of US Vice President Mike Pence. This has launched a flurry of activity with Jim Carrey playing the fly …
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