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Thu 28 Dec 2017, 09:01 GMT

Oil and fuel oil hedging market update


By the Oil Desk at Freight Investor Services.

Commentary

Brent closed down $0.58 last night to $66.44, WTI closed down $0.33 to $59.64. In four days it will be 2018. Who knows what 2018 will bring us, but the oil market does seem like it is ready to leap into New Year with both feet. Will crude oil be able to sustain it's positive sentiment? I'm not so sure, but the bulls will tell you a different story. I think next year will be one that is taken up with the inevitable rise of Elon Musk and his battery crusade, sulphur limits and what will happen in 2020, demand for crude waning and refining margins.

Singapore 380 cSt

Jan18 - 372.75 / 374.75

Feb18 - 372.00 / 374.00

Mar18 - 371.75 / 373.75

Apr18 - 371.25 / 373.25

May18 - 370.75 / 372.75

Jun18 -369.75 / 371.75

Q1-18 - 372.25 / 374.25

Q2-18 - 370.75 / 372.75

Q3-18 -366.75 / 369.25

Q4-18 - 362.00 / 364.50

CAL18 - 368.25 / 371.25

CAL19 - 329.25 / 334.25

Singapore 180 cSt

Jan18 - 376.75 / 378.75

Feb18 - 376.50 / 378.50

Mar18 -376.75 / 378.75

Apr18 - 376.75 / 378.75

May18 - 376.00 / 378.00

Jun18 - 375.25 / 377.25

Q1-18 - 376.75 / 378.75

Q2-18 - 376.00 / 378.00br>
Q3-18 - 372.50 / 375.00

Q4-18 - 368.00 / 370.50

CAL18 - 373.75 / 376.75

CAL19 - 338.00 / 343.00

Rotterdam Barges

Jan18 358.75 / 360.75

Feb18 358.00 / 360.00

Mar18 357.75 / 359.75

Apr18 357.25 / 359.25

May18 357.25 / 359.25

Jun18 355.50 / 357.50

Q1-18 358.25 / 360.25

Q2-18 356.50 / 358.50

Q3-18 351.25 / 353.75

Q4-18 342.50 / 345.00

CAL18 352.75 / 355.75

CAL19 311.75 / 316.75

Atticus vessel. Global Fuel Supply acquires first bunker tanker  

Company transitions from chartering vessels to ship ownership with asset to be renamed MV Blue Alliance.
ABB Generations 2025 publication on smartphone. ABB publishes 2025 maritime insights on decarbonisation and digitalization  

Technology firm compiles annual articles exploring energy efficiency, automation, and alternative fuels for the shipping industry.
ClassNK AiP handover ceremony for bulk carrier design. ClassNK grants approval for multi-fuel ready bulk carrier design by Oshima Shipbuilding  

Vessel design accommodates future conversion to ammonia, methanol, or LNG with carbon capture capability.
The Arctic and black carbon graphic. Four countries propose Arctic fuel measure to cut black carbon from shipping  

Proposal to IMO's PPR 13 meeting aims to establish fuel regulations under MARPOL Annex VI.
T&E chart 1. Spain, Norway and Denmark lead Europe's green shipping fuel production, study finds  

Regulatory uncertainty prevents most e-fuel projects from progressing beyond the planning stage, says analysis.
Charles Simon Edwin, Dan-Bunkering. Dan-Bunkering appoints Charles Simon Edwin as operations and compliance manager in Singapore  

Edwin transitions from sourcing role, bringing experience from physical supply operations and bunker trading.
Hamburg Express vessel. Hapag-Lloyd wins ZEMBA's second tender for e-methanol deployment  

Container line to deploy e-methanol on trans-oceanic route from 2027, abating 120,000 tonnes CO₂e.
Nuclear-powered multi-role icebreaker design render. RINA grants approval for Chinese nuclear-powered Arctic icebreaker design  

CSSC's multi-role vessel combines cargo transport and polar tourism with molten salt reactor propulsion.
Glander International Bunkering logo. Glander International Bunkering seeks two bunker traders for Singapore office  

Firm recruiting traders with 3-5 years of experience to join team in key Asian hub.
Hiring concept with puzzle pieces. Malik Supply seeks bunker trader for Fredericia office  

Danish company advertises role focusing on client portfolio development and energy product trading.




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