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 09 Jul 2018 9:48 GMT

Commentary

Brent closed Friday down $0.28 to $77.11 and WTI closed up $0.86 to $73.80. At the moment all eyes are on Cushing, and the fact that the Canadian crude outage has perhaps skewed the outlook on storage levels there. The front 2 WTI spreads certainly evidence a tightness in supply, but normal service will, apparently, resume at the end of July. Keep your eye on this. Also, keep your eye on Beryl. No, not your mate's mad Aunt Beryl, but Hurricane Beryl in The Caribbean. Actually, keep your eye on hurricane season with the same beady eyes as Jordan Pickford as the mere hint of the USGC oil system going down is more than likely going to yield in prices spiking upwards towards $85. Eeeek. In other news, the trade spat between China and the USA seems to have largely been priced in, but Brexit rumblings carry on in the same embarrassing way as they have done for two years. Good day.

Fuel Oil Market (Jul 6)

The front crack opened at -9.60, strengthening to -9.25,before weakening to -9.35. The Cal 19 was valued at -15.05

Asia's fuel oil market edged up on Friday with the 380 cSt Aug/Sept time spread and the front-month 380 cSt barge crack to Brent crude trading higher.

Weaker crude oil prices on Friday contributed to the narrowing fuel oil discount to Brent crude, they said. For the week, the fuel oil market ended lower, retreating from the multi-year highs seen in the previous week

Some trade sources said that last week's multi-year highs in cash premiums and front-month time spreads were unreasonable and that a correction was inevitable.

Economic data/events (Times are London.)

* Azeri BTC loading program for August

* 8:30pm: CFTC weekly commitments of traders report (pushed back from Friday due to U.S. holiday)

* Bloomberg proprietary forecast of Cushing crude inventory change; plus weekly analyst survey of crude, gasoline, distillate inventories before Wednesday’s EIA weekly inventory report

* What to Watch in Commodities: Trade War, Crude, El Nino, Miners

Singapore 380 cSt

Aug18 - 450.00 / 452.00

Sep18 - 444.00 / 446.00

Oct18 - 439.50 / 441.50

Nov18 - 436.00 / 438.00

Dec18 - 433.00 / 435.00

Jan19 - 429.50 / 431.50

Q4-18 - 436.00 / 438.00

Q1-19 - 426.00 / 428.00

Q2-19 - 414.50 / 417.00

Q3-19 - 387.50 / 390.00

CAL19 - 393.00 / 396.00

CAL20 - 314.50 / 320.50

Singapore 180 cSt

Aug18 - 459.00 / 461.00

Sep18 - 453.50 / 455.50

Oct18 - 449.75 / 451.75

Nov18 - 446.50 / 448.50

Dec18 - 443.75 / 445.75

Jan19 - 441.00 / 443.00

Q4-18 - 446.50 / 448.50

Q1-19 - 437.75 / 439.75

Q2-19 - 427.50 / 430.00

Q3-19 - 404.50 / 407.00

CAL19 - 408.00 / 411.00

CAL20 - 337.50 / 343.50

Rotterdam 3.5%

Aug18 - 431.00 / 433.00

Sep18 - 426.00 / 428.00

Oct18 - 421.50 / 423.50

Nov18 - 417.50 / 419.50

Dec18 - 413.75 / 415.75

Jan19 - 411.50 / 413.50

Q4-18 - 417.50 / 419.50

Q1-19 - 407.25 / 409.25

Q2-19 - 394.50 / 397.00

Q3-19 - 363.50 / 366.00

CAL19 - 371.25 / 374.25

CAL20 - 297.50 / 303.50



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:

EGCSA 10th anniversary workshop to be held in London
EGCSA member survey reveals scrubber system increase
Oil and fuel oil hedging market update
Many unresolved issues left for last PPR meeting before 2020: IBIA
Volatility and supply
IBIA calls for bunker sample verification guidelines before 2020
GP Global inks accord to produce and market Cepsa marine lubes in India
Oil and fuel oil hedging market update
North P&I launches guide on avoiding and defending bunker disputes
Build in stockpiles and record high U.S. oil production
IMO working group develops plan to help ships prepare for 2020
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