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.



Image credit:


Updated on 12 Jul 2018 8:50 GMT

Commentary

Brent crude rose $1.23, or 1.7 percent, to $74.63 a barrel by 05:44 GMT after slumping 6.9 percent on Wednesday; and U.S. WTI added 46 cents, or 0.7 percent, to $70.84 a barrel, after falling 5 percent the previous session. The drop was Brent's biggest in two years. EIA data showed a huge 12mn bbl draw on crude, but there were modest draws on gasoline and builds on distillates. Gasoline demand was also down over the 4th July holidays; so couple this with a relentless tirade of his Orangeship in the trade war spat, and that serves up a pretty big reason to sell crude that even Mr Andurand can't justify spinning into a hawkish tweet. I'm reading that another reason for the sell-off is that force majeure in Libya has been lifted. I'm sorry, but Libya is, and has been, in a state of peril for some time now, so any production increases or decreases should not be priced in.

Fuel Oil Market (Jul 11)

The front crack opened at -9.55, weakening to -9.40, before strengthening to -9.30. The Cal 19 was valued at -15.30

The front-month East-West arbitrage spread on Wednesday held at an eight-month high reached in the previous session amid ongoing concerns about supply shortages in the near term, trade sources said.

Total fuel oil flows into East Asia for July are expected to be close to June's eight-month low of 5.5 million tonnes-5.6 million tonnes, as Western arbitrage flows stayed low under 3 million tonnes for a second consecutive month.

Western arbitrage arrivals in August were expected to be similarly low, with 1.9 million tonnes-2.0 million tonnes assessed so far, with no uptick seen in tanker-fixing activity despite stronger Asian benchmarks.

Economic data/events (Times are London.)

* 9:00am: IEA monthly oil market report

* Singapore onshore oil-product stockpile data

* Russian refining maintenance schedule

Singapore 380 cSt

Aug18 - 437.00 / 439.00

Sep18 - 430.50 / 432.50

Oct18 - 426.00 / 428.00

Nov18 - 422.75 / 424.75

Dec18 - 419.75 / 421.75

Jan19 - 416.75 / 418.75

Q4-18 - 422.75 / 424.75

Q1-19 - 413.25 / 415.25

Q2-19 - 402.00 / 404.50

Q3-19 - 375.25 / 377.75

CAL19 - 383.50 / 386.50

CAL20 - 305.00 / 311.00

Singapore 180 cSt

Aug18 - 443.75 / 445.75

Sep18 - 439.00 / 441.00

Oct18 - 435.75 / 437.75

Nov18 - 432.50 / 434.50

Dec18 - 429.50 / 431.50

Jan19 - 427.50 / 429.50

Q4-18 - 432.75 / 434.75

Q1-19 - 424.50 / 426.50

Q2-19 - 414.25 / 416.75

Q3-19 - 391.25 / 393.75

CAL19 - 398.75 / 401.75

CAL20 - 328.25 / 334.25

Rotterdam 3.5%

Aug18 - 416.75 / 418.75

Sep18 - 411.75 / 413.75

Oct18 - 407.50 / 409.50

Nov18 - 403.50 / 405.50

Dec18 - 399.75 / 401.75

Jan19 - 397.50 / 399.50

Q4-18 - 403.50 / 405.50

Q1-19 - 394.50 / 396.50

Q2-19 - 382.25 / 384.75

Q3-19 - 352.25 / 354.75

CAL19 - 361.75 / 364.75

CAL20 - 289.25 / 295.25



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 call +44 20 7090 1120, or email info@freightinvestor.com.






Related Links:

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

Latest News:

Dan-Bunkering hires three bunker traders in Dubai
Maersk to change BAF calculation ahead of 2020 sulphur cap
Norden seeks assistant for Fuel Efficiency team
Keppel O&M inks deal to offer GTT systems for LNG bunker vessels
Oil and fuel oil hedging market update
Brent remains below last week's $80 level
Penguin orders 16 Enginei fuel management systems
ICS releases 2020 sulphur cap guidance
ABS to class FueLNG's 'milestone' bunker barge for Singapore
Oil and fuel oil hedging market update
Exmar's two new LPG-powered VLGCs to feature Wartsila cargo handling and fuel gas system
China update on October 0.5%S fuel regulations




Page Links:

Prices
Africa
Asia
Latin America
Middle East
North America
North Europe
South Europe
Index Summary
Price Highlights
Commentaries
Futures
Prices
Antwerp
Busan
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