BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry



« News Home
:: Monthly Archive

News Topics
:: Air Pollution
:: Agreements & M&A's
:: Alternative Fuels
:: BunkerBlog
:: Cargoes & Storage
:: Company News
:: Efficiency, Costs & Charges
:: Environment
:: Events
:: Financial
:: Fuel Quality & Testing
:: Lubes & Additives
:: Oil Spills
:: People
:: Port News
:: Projects
:: Regulation, Legal
:: Services, Products,Technology
:: Statistics & Research
:: Vessels

Regional Archive
:: Americas
:: Asia/Oceania
:: Europe
:: M.East/Africa


BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry
Home » News



Oil and fuel oil hedging market update

By the Oil Desk at Freight Investor Services.



Freight Investor Services (FIS) logo. Image credit: Freight Investor Services (FIS)


Updated on 10 Jan 2017 08:49 GMT

By the Oil Desk at Freight Investor Services Ltd.

U.S. oil prices took their largest losses in a month yesterday, dropping below $55 on the Mar Brent; it seems as though yesterday's morning oil note has made its way to the inboxes of oil traders, and, finally some recognition of the fundamentals of the market. Are fears of growing production coming from more rigs in the U.S., and from signs of an unrelenting wave of oil from Iraq and Iran now weighing prominently on the market?

So the Iranians have taken advantage of higher prices to sell some of their floating storage, halving it down to 17 million barrels from 32.5 million, and again the global production agreement to cut production by 1% looks in jeopardy.

Buckle in for the volatile ride in the $55-60 range until we get more certainty on the level of effectiveness of the OPEC cut deal to counteract all these other factors.

Economic data/events (London times)

* 11am: U.S. NFIB Small Business Optimism, Dec., est. 99.5 (prior 98.4)

* 3pm: U.S. Wholesale Inventories m/m, Nov. (final), est. 0.9% (prior 0.9%)

* 3pm: U.S. JOLTS Job Openings, Nov., est, 5,500 (prior 5,534)

* ~5pm: EIA releases monthly STEO report

* 9:30pm: API weekly oil inventory report

* Today:

* Bloomberg-compiled refinery snapshot, looking at key outages at refineries in the U.S. and Canada, and providing offline capacity projections for crude units and FCCs

* Iraqi loading programs (Feb.)

* OPEC's Secretary-General Mohammad Barkindo visits Kuwait, 2nd day of 3

* U.S. President Barack Obama delivers farewell speech, Chicago

Singapore 380 cSt

Feb17 - 321.75 / 323.75

Mar17 - 319.75 / 321.75

Apr17 - 318.25 / 320.25

May17 - 316.75 / 318.75

Jun17 - 315.25 / 317.25

Jul17 - 313.50 / 315.50

Q2-17 - 316.75 / 318.75

Q3-17 - 312.25 / 314.25

Q4-17 - 307.50 / 310.00

Q1-18 - 305.00 / 307.50

CAL18 - 301.25 / 304.75

CAL19 - 281.75 / 286.75

Singapore 180 cSt

Feb17 - 327.50 / 329.50

Mar17 - 326.00 / 328.00

Apr17 - 325.50 / 327.50

May17 - 324.00 / 326.00

Jun17 - 322.50 / 324.50

Jul17 - 320.75 / 322.75

Q2-17 - 324.00 / 326.00

Q3-17 - 319.75 / 321.75

Q4-17 - 315.00 / 317.50

Q1-18 - 312.25 / 314.75

CAL18 - 309.00 / 312.50

CAL19 - 290.50 / 295.50

Rotterdam 3.5%

Feb17 301.00 / 303.00

Mar17 300.75 / 302.75

Apr17 300.00 / 302.00

May17 299.00 / 301.00

Jun17 298.00 / 300.00

Jul17 296.75 / 298.75

Q2-17 299.00 / 301.00

Q3-17 296.00 / 298.00

Q4-17 290.75 / 293.25

Q1-18 289.75 / 292.25

CAL18 287.00 / 290.50

CAL19 267.50 / 272.50



Founded in 2002, Freight Investor Services is a specialist in dry bulk and commodity derivatives, including cargo freight, iron ore, fertilizer and bunker fuel. The company has offices in London, Dubai, Singapore and Shanghai.

For further details about fuel oil swaps or to discuss trading opportunities, please contact Andrew Cullen, Client Relations & Development Manager, on +44 207 090 1126, or email AndrewC@freightinvestor.com.






Related Links:

Freight Investor Services Ltd.

Latest News:

World Fuel Services seeks Operations and Trade Support Assistant
Trade dispute escalation, OPEC meeting jitters cause volatility
How to prevent bunker spills: North P&I
Bunker Holding wins award at HR event
Associations call for sulphur cap progress at IMO meeting
IBIA posts advice following spate of fuel quality issues
Oil and fuel oil hedging market update
Port infrastructure 'ill-prepared' for LNG bunker growth: Costa Cruises
Costa Cruises outlines fuel-related measures in Sustainability Report
VLCC with bunker-saving features delivered in China
Oil prices dropped sharply on Friday on various news and events
Van Oord inks accord to test semi-dry scrubber system




Page Links:

Prices
Africa
Asia
Latin America
Middle East
North America
North Europe
South Europe
Index Summary
Price Highlights
Commentaries
Futures
Prices
Antwerp
Busan
Cape Town
Fujairah
Houston
Istanbul
Kaohsiung
Las Palmas
Maracaibo
New Orleans
Piraeus
Rio de Janeiro
Rotterdam
Santos
Singapore
News
Latest News
Blogs
Archive
Americas
Asia
Europe
Middle East
News
Air Pollution
Agreements & M&A's
Alternative Fuels
Cargoes & Storage
Efficiency, Costs & Charges
Environment
Events
Financial
Fuel Quality
Lubes & Additives
Oil Spills
People
Port News
Projects
Regulation/Legal
Services, Products, Technology
Statistics & Research
Vessels
Contact & Terms
Contact Us
Advertise
Terms & Conditions
Privacy Policy
Events
Upcoming Events