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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

04 Sep 2017 08:35 GMT

By the Oil Desk at Freight Investor Services.



By the Oil Desk at Freight Investor Services Ltd.

This market is point blank refusing to rise above $52.50, let alone $55 and $60 per bbl. Even all 7 kingdoms of bulls cannot seem to let this market shift out of the range. Let's be honest, Hurricane Harvey (parking the devastating affect it has had on the USGC for a moment) was the one thing that came out of nowhere that should have really shaken the market up and put it back on track for a sustained, aggressive rally. Alas, this wasn't the case. Granted, EIA data on Thursday will more than likely show builds on crude and draws on products, but it seems that the weather is abating and the effects may not be as bad (on the refining sector) as first envisioned. The rig count was flat last week but there were gains on the gas sector.

Economic Data/Events: (UK times)

* U.S., Canada Labor Day public holidays

** WTI and other CME energy contracts halt at 6pm Tuesday, reopen 11am

** Brent crude and other ICE Futures Europe contracts close early at 6:30pm Tuesday

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

* Bloomberg weekly roundups on tanker tracking and global fuels

Singapore 380 cSt

Oct17 - 307.50 / 309.50

Nov17 - 306.25 / 308.25

Dec17 - 305.00 / 307.00

Jan18 - 303.75 / 305.75

Feb18 - 302.75 / 304.75

Mar18 - 302.25 / 304.25

Q4-17 - 306.25 / 308.25

Q1-18 - 302.75 / 304.75

Q2-18 - 301.00 / 303.50

Q3-18 - 300.00 / 302.50

CAL18 - 301.25 / 304.75

CAL19 - 295.25 / 300.25

CAL20 - 277.50 / 284.50

Singapore 180 cSt

Oct17 - 312.75 / 314.75

Nov17 - 311.50 / 313.50

Dec17 - 311.00 / 313.00

Jan18 - 309.75 / 311.75

Feb18 - 309.25 / 311.25

Mar18 - 309.00 / 311.00

Q4-17 - 311.75 / 313.75

Q1-18 - 309.50 / 311.50

Q2-18 - 309.75 / 312.25

Q3-18 - 307.50 / 310.00

CAL18 - 308.50 / 312.00

CAL19 - 304.00 / 309.00

CAL20 - 286.50 / 293.50

Rotterdam 380 cSt

Oct17 292.50 / 294.50

Nov17 289.25 / 291.25

Dec17 286.25 / 288.25

Jan18 287.00 / 289.00

Feb18 287.00 / 289.00

Mar18 287.00 / 289.00

Q4-17 289.50 / 291.50

Q1-18 287.75 / 289.75

Q2-18 287.50 / 290.00

Q3-18 287.25 / 289.75

CAL18 285.50 / 289.00

CAL19 275.00 / 280.00

CAL20 259.75 / 266.75



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.


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




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