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 01 Sep 2017 09:22 GMT

By the Oil Desk at Freight Investor Services Ltd.

Brent was down $21 cents, or $0.4 percent, at $52.65 barrel this morning and WTI was down $35 cents, or $0.7 percent, at $46.88 barrel at 06:41 GMT. So, we had a significant move upwards in an unexpected Marilyn Monroe moment, luckily I was wearing my Sunday best briefs - Brent ended up over 3.2% on the new November contract, but we are still on track for a weekly decline. Storm Harvey continues to rip its way through the Southern States of the U.S., with the level of disruption being assessed in terms of refineries, as well as traders now scrambling to get supplies of refined products to the U.S. sending freight rates flying as we mentioned yesterday. Reduction in the refining capacity, the tapping of crude reserves in the U.S., the shipping of products, backlog of unrefined crude waiting for refineries - it does look like these do not help the oversupply of crude at all, just like when you think you are getting under control the number of toys the kids have, but then a Christmas and a birthday and somehow the number has increased again. Anyway, some good size returned to the oil market trading yesterday, but I expect a quiet couple of days today and Monday with Labour day.

Economic Data/Events: (UK times)

* 1:30pm: U.S. change in nonfarm payrolls for Aug., est. 180k (prior 209k); U.S. unemployment rate for Aug., est. 4.3% (prior 4.3%)

* 2:45pm: U.S. market manufacturing PMI for Aug., final, est. 52.5 (prior 52.5)

* 3pm: U.S. ISM manufacturing for Aug., est. 56.5 (prior 56.3); U.S. University of Michigan consumer sentiment index for Aug., final, est. 97.5 (prior 97.6); U.S. construction spending m/m for July, est. 0.5% (prior -1.3%)

* 6pm: Baker Hughes weekly U.S. oil, gas rig counts

* 8:30pm: CFTC weekly Commitments of Traders report on U.S. futures and options contracts

* Today:

** North Sea Brent loading program for October

** Bloomberg to publish monthly OPEC production survey for August

Singapore 380 cSt

Oct17 - 309.25 / 311.25

Nov17 - 308.00 / 310.00

Dec17 - 306.00 / 308.00

Jan18 - 304.75 / 306.75

Feb18 - 303.75 / 305.75

Mar18 - 303.00 / 305.00

Q4-17 - 307.75 / 309.75

Q1-18 - 304.25 / 306.25

Q2-18 - 302.50 / 305.00

Q3-18 - 301.50 / 304.00

CAL18 - 302.75 / 306.25

CAL19 - 296.75 / 301.75

CAL20 - 279.00 / 286.00

Singapore 180 cSt

Oct17 - 314.50 / 316.50

Nov17 - 313.25 / 315.25

Dec17 - 312.00 / 314.00

Jan18 - 310.75 / 312.75

Feb18 - 310.25 / 312.25

Mar18 - 309.75 / 311.75

Q4-17 - 313.25 / 315.25

Q1-18 - 311.00 / 313.00

Q2-18 - 309.75 / 312.25

Q3-18 - 309.00 / 311.50

CAL18 - 310.25 / 313.75

CAL19 - 305.75 / 310.75

CAL20 - 288.25 / 295.25

Rotterdam 380 cSt

Oct17 293.25 / 295.25

Nov17 290.25 / 292.25

Dec17 287.75 / 289.75

Jan18 288.50 / 290.50

Feb18 288.50 / 290.50

Mar18 288.50 / 290.50

Q4-17 290.50 / 292.50

Q1-18 288.75 / 290.75

Q2-18 288.50 / 291.00

Q3-18 288.25 / 290.75

CAL18 287.25 / 290.75

CAL19 276.75 / 281.75

CAL20 258.75 / 265.75



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:

IMO working group develops plan to help ships prepare for 2020
Oil and fuel oil hedging market update
ISO statement on ISO 8217:2017 and 0.5% sulphur fuels
PMG triples pumping rate to meet US Navy bunker demand in military exercise
Quadrise signs MoU with Freepoint Commodities
Uncertainty of supply keeps volatility high
Swedish Club examines lessons to learn from bunker pollution accident
Two inland vessels a month bunkering LNG at Fluxys' Antwerp dock
Oil and fuel oil hedging market update
Singapore's record H1 was lowest six-month sales period since May-November
Sharp drop in oil prices
Sulphur 2020: Papering over the cracks




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