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

17 Jul 2017 08:11 GMT

By the Oil Desk at Freight Investor Services.



By the Oil Desk at Freight Investor Services Ltd.

Brent closed Friday up $0.49 to $48.91 and WTI closed at $46.54 up $0.46. There are some encouraging signs that things are getting better for crude; last week's healthy stock draws in the US and the rig count slowly but surely not increasing at the rates they were earlier on in the year, but fundamentally we are still in an oversupplied market. If things do keep going the way they have gone for the last week or so, then I think we will see $50 broken very soon. Once again, fuel oil is at the forefront of every refiner's mind as the world starts to panic about a lack of sour crude. As I mentioned before, the OPEC cuts have mostly been on the heavier, sour grades and this has, obviously, had an effect on the fuel crack price which is keeping fuel oil very well supported. I imagine this strength will continue throughout the rest of the year. So in some respects, you could say 'job done' by OPEC on that part of the barrel.

Economic Data/Events: (UK times)

* 10am: Eurozone CPI y/y for June, final, est. 1.3% (prior 1.4%, revised 1.4%)

* 12pm: ICE weekly commitments of traders report for Brent, gasoil

* 1:30pm: Bloomberg forecast of U.S. waterborne LPG exports

* 1:30pm: U.S. empire manufacturing for July, est. 15 (prior 19.8)

* 7pm: EIA releases monthly Drilling Productivity Report

* Today:

** Bloomberg proprietary forecast of Cushing crude inventory change plus weekly analyst survey of crude, gasoline, distillates inventories

** OPEC Governors to hold internal meeting in Vienna to discuss nominations for new head of research, delegates say. No policy decisions expected

** Russia 5-day Urals loading program for August; Angola crude loading program for September

Singapore 380 cSt

Aug17 - 294.50 / 296.50

Sep17 - 293.75 / 295.75

Oct17 - 293.00 / 295.00

Nov17 - 292.50 / 294.50

Dec17 - 292.25 / 294.25

Jan18 - 291.75 / 293.75

Q4-17 - 292.50 / 294.50

Q1-18 - 291.50 / 293.50

Q2-18 - 292.25 / 294.75

Q3-18 - 293.75 / 296.75

CAL18 - 290.50 / 294.00

CAL19 - 291.00 / 296.50

CAL20 - 275.00 / 283.00

Singapore 180 cSt

Aug17 - 300.50 / 302.50

Sep17 - 299.75 / 301.75

Oct17 - 299.25 / 301.25

Nov17 - 299.00 / 301.00

Dec17 - 298.75 / 300.75

Jan18 - 298.25 / 300.25

Q4-17 - 299.00 / 301.00

Q1-18 - 298.50 / 300.50

Q2-18 - 299.50 / 302.00

Q3-18 - 301.75 / 304.75

CAL18 - 298.00 / 301.50

CAL19 - 300.00 / 305.50

CAL20 - 284.00 / 292.00

Rotterdam 380 cSt

Aug17 282.50 / 284.50

Sep17 280.25 / 282.25

Oct17 278.25 / 280.25

Nov17 276.25 / 278.25

Dec17 274.25 / 276.25

Jan18 275.75 / 277.75

Q4-17 276.25 / 278.25

Q1-18 277.00 / 279.00

Q2-18 279.25 / 281.75

Q3-18 281.00 / 284.00

CAL18 276.25 / 279.75

CAL19 273.75 / 279.25

CAL20 254.50 / 262.50



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.


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




Related Links:


Latest News:

Algeciras receives first LNG bunker delivery in five years
Bunker supplier Skangas to source LNG from UK's Isle of Grain terminal
Brent around two-year-high as critical pipeline closes
Oil and fuel oil hedging market update
PT2SB secures $1.25bn financing for Malaysia terminal
Researchers claim 'big step forward' in efficient production of non-food biofuel
Antwerp backs construction of five zero-emission barges
Bunker-themed playlist for end-of-year office party
Oil and fuel oil hedging market update
Oil starts off the week where it ended... around $63
Quadrise delivers presentation to shareholders at AGM
Tug beats fuel savings forecast in Azipod D trials




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
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