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Tue 13 Feb 2018, 09:11 GMT

Oil and fuel oil hedging market update


By the Oil Desk at Freight Investor Services.

Commentary

Brent closed down 0.20 last night to $62.59, WTI closed at $59.29, up 0.09. In oil you have the emergence of the U.S. which is now included in every single oil commentary, having become a factor the market cannot ignore any longer. The established OPEC order is changing as the old heads we have known so long are getting superseded. Another Monday and another statement from OPEC that they see demand increasing this year. I can only assume that guy I told you about who trades flat price in his undies from home fell asleep with his finger on the LIFT button at this mundane statement.

Fuel Oil Market (February 12)

The front crack opened at -10.20, strengthening to -9.60, before weakening to -9.65. The Cal 19 was valued at -14.50.

Asia's fuel oil market held steady on Monday amid limited trade activity in the physical and paper markets

Economic Data and Events

* 9am: IEA Monthly Oil Market report

* 9:30pm: API issues weekly U.S. oil inventory report

* Egypt Petroleum Show in Cairo, 2nd day of 3

* World Government Summit, Dubai, final day

* Bloomberg-compiled Refinery Snapshot for U.S. and Canada; gives offline capacity projections for crude units and FCCs

Singapore 380 cSt

Mar18 - 350.50 / 352.50

Apr18 - 350.50 / 352.50

May18 - 350.25 / 352.25

Jun18 - 349.75 / 351.75

Jul18 - 348.50 / 350.50

Aug18 - 347.25 / 349.25

Q2-18 - 350.00 / 352.00

Q3-18 - 347.75 / 349.75

Q4-18 - 343.00 / 345.50

Q1-19 - 335.00 / 337.50

CAL19 - 300.50 / 303.50

CAL20 - 227.75 / 232.75

Singapore 180 cSt

Mar18 - 356.75 / 358.75

Apr18 - 356.50 / 358.50

May18 - 356.50 / 358.50

Jun18 - 355.75 / 357.75

Jul18 - 354.75 / 356.75

Aug18 - 353.50 / 355.50

Q2-18 - 356.25 / 358.25

Q3-18 - 354.00 / 356.00

Q4-18 - 349.75 / 352.25

Q1-19 - 343.25 / 345.75

CAL19 - 309.50 / 312.50

CAL20 - 238.50 / 243.50

Rotterdam Barges

Mar18 337.00 / 339.00

Apr18 337.25 / 339.25

May18 336.50 / 338.50

Jun18 335.75 / 337.75

Jul18 334.50 / 336.50

Aug18 332.75 / 334.75

Q2-18 336.50 / 338.50

Q3-18 332.50 / 334.50

Q4-18 324.00 / 326.50

Q1-19 315.50 / 318.00

CAL19 277.75 / 280.75

CAL20 214.75 / 219.75

Paola Prieto, Burando Energies. Burando Energies appoints senior bunker trader to lead Latin America expansion  

Paola Prieto joins Burando Energies’ trading team with a focus on Latin American growth.
Port of Quebec aerial view. Port of Québec secures C$5.1m from provincial government for shore power electrification  

Funding will support shore power infrastructure at two wharves, targeting availability by autumn 2028.
Renewable methanol production illustration. Renewable methanol pipeline growth slows in 2026 as IMO framework delay weighs on maritime demand  

Aviation sector partially offsets maritime slowdown as the global renewable methanol pipeline reaches 61.8 million tonnes.
Priya Choudhary, Malik Supply. Malik Supply adds bunker trader to Dubai office  

Sales professional Priya Choudhary joins Danish bunker firm's UAE operation.
Modi delivery ceremony. Bureau Veritas classes tanker with biofuel-ready and LNG-prepared capabilities  

New Times Shipbuilding delivers 73,500-dwt M/T Modi for Dynacom
Electric tug render. Echandia wins battery contract for two electric tugs under India’s Green Tug Transition Programme  

Swedish battery maker secures second and third electric tug contracts in India’s port decarbonisation drive.
Grande Istanbul presentation ceremony. Grimaldi presents ammonia-ready car carrier Grande Istanbul at Turkish port ceremony  

Vessel is one of 17 next-generation PCTCs commissioned by the Italian shipping group.
Archigos vessel. Capital Ship Management takes delivery of methanol-ready Suezmax tanker Archigos  

The 157,000-dwt vessel, built in South Korea, features AI-assisted navigation and energy-saving technology.
Molgas truck-to-ship bunkering operation. Molgas secures 10-year LNG truck-to-ship licence at the Port of Bilbao  

Spanish energy group obtains decade-long operating licence for LNG bunkering operations.
CMA CGM Notre Dame vessel. CMA CGM names world’s largest LNG-powered containership in Le Havre  

The CMA CGM Notre Dame is formally welcomed into the French carrier’s fleet.




   Fuels & Propulsion

Ammonia B100 B24 B30 Bio-LNG/LBM Biofuel Biogas Biomethanol Dual-fuel E-fuel E-methane/e-NG E-methanol Electric Ethanol FAME Green hydrogen Green/e-ammonia HVO Hydrogen LNG LPG Lubes Methanol MGO Nuclear UCOME ULSFO VLSFO Wind power



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