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 07 Jun 2018 08:59 GMT

Commentary

Brent crude futures were up 33 cents, or 0.4 percent, to $75.69 a barrel at 0101 GMT. WTI crude was up 38 cents, or 0.6 percent, at $65.11 a barrel. It ended the previous session 1.2 percent lower at $64.73 a barrel. The biggest question in the oil market: "Which way is it going to go?". Well, what we can say is that it seems the market has followed our technical predictions that pointed to a technical correction down to around the $74.50 level, before making a move higher again. But there is a silver lining: at least you aren't on one of the tankers sitting off the coast of Venezuela's largest oil port with the potential of a force majeure being declared. 24 million barrels of crude are waiting to be loaded - as much as the state oil company shipped in the whole of April. That's how bad things have gotten with the production fall off. After worse-than-expected EIA data, the news that Venezuelan supply drops are bigger than expected - and more importantly bigger than U.S. increases - is the thing pushing the market up today. Good day.

Economic data/events (Times are London.)

* 9am: Singapore onshore oil-product stockpile data

* 1:30pm: U.S. Initial Jobless Claims for June 2

* 1:30pm: U.S. Continuing Claims for May 26

* Russian President Vladimir Putin holds his annual call-in broadcast show with citizens

* Russian refining maintenance schedule from ministry

Singapore 380 cSt

Jul18 - 430.00 / 432.00

Aug18 - 425.50 / 427.50

Sep18 - 421.25 / 423.25

Oct18 - 417.25 / 419.25

Nov18 - 413.75 / 415.75

Dec18 - 410.25 / 412.25

Q3-18 - 425.50 / 427.50

Q4-18 - 413.50 / 415.50

Q1-19 - 401.75 / 404.25

Q2-19 - 389.25 / 391.75

CAL19 - 371.25 / 374.25

CAL20 - 298.75 / 303.75

Singapore 180 cSt

Jul18 - 440.50 / 442.50

Aug18 - 436.50 / 438.50

Sep18 - 432.50 / 434.50

Oct18 - 428.50 / 430.50

Nov18 - 424.50 / 426.50

Dec18 - 421.25 / 423.25

Q3-18 - 436.50 / 438.50

Q4-18 - 424.25 / 426.25

Q1-19 - 412.75 / 415.25

Q2-19 - 400.75 / 403.25

CAL19 - 385.50 / 388.50

CAL20 - 312.50 / 317.50

Rotterdam 3.5%

Jul18 - 413.50 / 415.50

Aug18 - 409.75 / 411.75

Sep18 - 405.50 / 407.50

Oct18 - 400.75 / 402.75

Nov18 - 396.25 / 398.25

Dec18 - 391.75 / 393.75

Q3-18 - 409.75 / 411.75

Q4-18 - 396.25 / 398.25

Q1-19 - 385.25 / 387.75

Q2-19 - 372.25 / 374.75

CAL19 - 350.00 / 353.00

CAL20 - 283.50 / 288.50



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 the company on +44 20 7090 1120.






Related Links:

Oil and fuel oil hedging market update
Freight Investor Services Ltd.

Latest News:

Sing Fuels adds bunker trader in Taiwan
Top Ships' fuel-efficient 'Eco' tanker completes sea trials
Vopak and Maersk to launch 0.5%S bunkering facility in Rotterdam
Dan-Bunkering merges with Australia Bunkering
Oil and fuel oil hedging market update
SHI to build two bunker-saving LNGCs for Celsius Tankers
Oil slightly down on trade war and fears of economic slowdown
VPS issues flash point distillate alert for New York
Viking Line's bunker costs rise 3.6% in H1
Global Risk Management hires former Geos trader
Maersk profitability 'significantly impacted' by higher bunker costs
Oil and fuel oil hedging market update




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