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Wed 25 Jan 2017, 09:11 GMT

Oil and fuel oil hedging market update


By the Oil Desk at Freight Investor Services.

By the Oil Desk at Freight Investor Services Ltd.

The API has said that there's a build of 2.8 million on crude, and a build on products. 3.30pm UK time - watch the market react in its usual erratic way and we have technical support levels around $53.80 to test if the build is bigger than expected. Compliance with the cut deal does look like it's holding well, but there's only so much they can do to control factors beyond OPEC's control.

Economic data/events (London times)

* 9am: Germany Jan. IFO business climate, est. 111.3 (prior 111); Germany Jan. IFO expectations, est. 105.8 (prior 105.6); Germany Jan. IFO current assessment, est. 117 (prior 116.6)

* 12pm: U.S. MBA mortgage applications, prior 0.8%

* 2pm: U.S. Nov. FHFA house price index m/m, est. 0.4% (prior 0.4%)

* 2:30pm: BP publishes its annual energy outlook, which outlines anticipated trends in global supply and demand over the next 20 years

* 3:30pm: EIA weekly U.S. oil inventory report; TOPLive blog EIA coverage begins at 3:20pm

* Petroleum Economist GCC Energy Strategy Forum, Kuwait City

* Russia full-month loading program (February)

* Genscape's weekly ARA crude stockpiles report

Singapore 380 cSt

Feb17 - 311.50 / 313.50

Mar17 - 312.00 / 314.00

Apr17 - 312.00 / 314.00

May17 - 311.50 / 313.50

Jun17 - 310.25 / 312.25

Jul17 - 308.75 / 310.75

Q2-17 - 311.25 / 313.25

Q3-17 - 309.00 / 311.00

Q4-17 - 305.50 / 308.00

Q1-18 - 302.75 / 305.25

CAL18 - 299.75 / 303.25

CAL19 - 284.50 / 289.50

Singapore 180 cSt

Feb17 - 317.25 / 319.25

Mar17 - 317.50 / 319.50

Apr17 - 318.25 / 320.25

May17 - 317.75 / 319.75

Jun17 - 317.00 / 319.00

Jul17 - 315.75 / 317.75

Q2-17 - 317.50 / 319.50

Q3-17 - 315.25 / 317.25

Q4-17 - 312.50 / 315.00

Q1-18 - 310.00 / 312.50

CAL18 - 307.25 / 310.75

CAL19 - 293.25 / 298.25

Rotterdam Barges

Feb17 292.50 / 294.50

Mar17 294.50 / 296.50

Apr17 295.25 / 297.25

May17 295.25 / 297.25

Jun17 295.00 / 297.00

Jul17 294.25 / 296.25

Q2-17 295.25 / 297.25

Q3-17 293.75 / 295.75

Q4-17 288.75 / 291.25

Q1-18 287.75 / 290.25

CAL18 285.00 / 288.50

CAL19 269.50 / 274.50


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.

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