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BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry
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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 19 Apr 2017 12:02 GMT

By the Oil Desk at Freight Investor Services Ltd.

Brent closed down 0.47 last night to $54.89 and WTI closed at $52.41 down 0.24. API showed us that we can expect a draw on crude, build on gasoline and draw on distillates - which isn't surprising seeing as summer grade gasoline is now in season in the USA. What will be interesting is the more finite details, product demand for example. I imagine that we will see an increase in refinery utilisation this evening and this can only be on the back of hope that Summer driving season will bring with it a million Ford F-150 pickup trucks queuing around the block to fill their thirsty V8's with delicious 98RON gasoline, right? Mmmm. I mean, one can hope I suppose, but if prices are stable across the barrel then why would someone from Ohio drive to Florida instead of hopping on a plane? Sterling saw itself pick up quite dramatically yesterday as Theresa decided she will call a snap election. Punchy. So watch cable as I think this is just some short covering. We shall see. I see us bouncing around $55 all day until the inevitable schizo's pile in after stats. Good day.

Economic Data/Event: (Times are London)

* 12:00pm: U.S. MBA Mortgage Applications, April 14

* 3:20pm: TOPLive blog coverage of EIA weekly oil report begins; U.S. crude stockpiles seen falling 1.4m bbl in Bloomberg survey

* 7:00pm: U.S. Fed Reserve releases Beige Book

* Today:

* Genscape weekly ARA crude stockpiles report

* Loading programs for Nigerian (May), other WAF countries start to be released

* Oil, gas forum in Moscow, final day

* 3rd GCC Petroleum Media Forum conference in Abu Dhabi, with speakers including OPEC Secretary General Mohammad Barkindo, along with the oil ministers of Saudi Arabia, Kuwait, Qatar, U.A.E., Oman, Bahrain, 1st day of 2

* May loading programs for Nigerian, other WAF countries start to be released

Singapore 380 cSt

May17 - 309.00 / 311.00

Jun17 - 308.75 / 310.75

Jul17 - 309.50 / 311.50

Aug17 - 309.50 / 311.50

Sep17 - 309.25 / 311.25

Oct17 - 308.75 / 310.75

Q3-17 - 309.50 / 311.50

Q4-17 - 308.25 / 310.25

Q1-18 - 306.25 / 308.75

Q2-18 - 304.75 / 307.25

CAL18 - 304.50 / 308.00

CAL19 - 294.50 / 299.50

CAL20 - 280.75 / 288.75

Singapore 180 cSt

May17 - 316.25 / 318.25

Jun17 - 315.75 / 317.75

Jul17 - 316.25 / 318.25

Aug17 - 316.50 / 318.50

Sep17 - 316.25 / 318.25

Oct17 - 316.00 / 318.00

Q3-17 - 316.25 / 318.25

Q4-17 - 315.25 / 317.25

Q1-18 - 313.25 / 315.75

Q2-18 - 311.75 / 314.25

CAL18 - 312.00 / 315.50

CAL19 - 303.25 / 308.25

CAL20 - 289.75 / 297.75

Rotterdam

May17 293.25 / 295.25

Jun17 294.00 / 296.00

Jul17 294.25 / 296.25

Aug17 294.25 / 296.25

Sep17 293.75 / 295.75

Oct17 292.75 / 294.75

Q3-17 294.00 / 296.00

Q4-17 291.25 / 293.25

Q1-18 290.75 / 293.25

Q2-18 290.75 / 293.25

CAL18 288.50 / 292.00

CAL19 276.25 / 281.25

CAL20 247.25 / 255.25



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.






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