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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

07 Sep 2017 09:00 GMT

By the Oil Desk at Freight Investor Services.



By the Oil Desk at Freight Investor Services Ltd.

Libya's Sharara oil field is due to reopen Wednesday after deal. Hurricane Irma becomes the most powerful storm to form in the open Atlantic Ocean and its literally causing a whirlwind for crude prices. Uncertainty is the issue here, and it's pushing Brent higher and higher - although we are off slightly today at the open (-0.30%). The EIA figures later will probably guide us in our next move.

Economic Data/Events: (UK times)

* 7am: Germany factory orders m/m for July, est. 0.2% (prior 1%)

* 12pm: U.S. MBA mortgage applications for week ended Sept. 1(prior -2.3%)

* 1:30pm: U.S.

** Trade balance for July, est. -$44.7b (prior -$43.6b)

** Census Bureau releases crude export date through July 2017

* 3pm: Canada Bank of Canada overnight lending rate, est. 0.75% (prior 0.75%)

* 9:30pm: API weekly U.S. oil inventory report (delayed one day due to holiday)

* No exact timing

** Genscape weekly ARA crude stockpiles report

** Offshore Europe conference, Aberdeen, 2nd day of 4

Singapore 380 cSt

Oct17 - 318.75 / 320.75

Nov17 - 316.75 / 318.75

Dec17 - 311.50 / 313.50

Jan18 - 313.00 / 315.00

Feb18 - 311.75 / 313.75

Mar18 - 311.00 / 313.00

Q4-17 - 316.75 / 318.75

Q1-18 - 311.75 / 313.75

Q2-18 - 309.75 / 312.25

Q3-18 - 308.75 / 311.25

CAL18 - 308.00 / 311.50

CAL19 - 298.50 / 303.50

CAL20 - 280.50 / 287.50

Singapore 180 cSt

Oct17 - 323.50 / 325.50

Nov17 - 322.25 / 324.25

Dec17 - 320.25 / 322.25

Jan18 - 319.00 / 321.00

Feb18 - 318.25 / 320.25

Mar18 - 317.75 / 319.75

Q4-17 - 322.00 / 324.00

Q1-18 - 318.25 / 320.25

Q2-18 - 317.00 / 319.50

Q3-18 - 316.25 / 318.75

CAL18 - 315.25 / 318.75

CAL19 - 3310.00 / 315.00

CAL20 - 289.50 / 296.50

Rotterdam 380 cSt

Oct17 301.75 / 303.75

Nov17 297.50 / 299.50

Dec17 294.50 / 296.50

Jan18 295.00 / 297.00

Feb18 295.00 / 297.00

Mar18 295.00 / 297.00

Q4-17 298.00 / 300.00

Q1-18 295.25 / 297.25

Q2-18 294.75 / 297.25

Q3-18 293.75 / 296.25

CAL18 292.50 / 296.00

CAL19 280.25 / 285.25

CAL20 262.50 / 269.50



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)




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