Sign up
Log in Sign up
Thu 31 May 2018 08:18

Oil and fuel oil hedging market update


By the Oil Desk at Freight Investor Services.

Commentary

Brent crude was down 19 cents at $77.31 per barrel at 05:08 GMT, after settling the last session up 2.8 percent. U.S. WTI was down 4 cents at $68.17 a barrel. In the previous session, it settled up $1.48, or 2.2 percent, at $68.21 per barrel. The word of the morning is hypersensitivity. It seems that the market is now the financial market equivalent of a millennial snowflake. The market has reacted quite considerably to a news story that Russia and Saudi Arabia were going to increase production by dropping down prices with a $74 handle, before rebounding straight back up again on news that perhaps they will keep the cut agreement in place until the end of the year. Seriously people, let's take five, it's bad enough with 2020 around the corner to contend with. I'm sure that this sensitive market will continue, and like a moody teenager will lash out in both bullish and bearish moods. EIA data later. Good day.

Economic data/events (Times are London.)

* 12:30pm: U.S. Challenger Job Cuts, May

* 1:30pm: U.S. Personal Income, April

* 1:30pm: U.S. Initial Jobless Claims, May 26

* 1:30pm: U.S. Continuing Claims, May 19

* 2:45pm: Bloomberg Consumer Comfort, May 27

* 2:45pm: Chicago Purchasing Manager, May

* 3pm: U.S. Pending Home Sales, April

* 4pm: EIA weekly oil inventory report; delayed from Wednesday due to U.S. Holiday

* Singapore onshore oil-product stockpile data

* Russian refining maintenance schedule from ministry

* EIA Petroleum Supply Monthly Report

Singapore 380 cSt

Jun18 - 439.25 / 441.25

Jul18 - 435.50 / 437.50

Aug18 - 431.75 / 433.75

Sep18 - 428.00 / 430.00

Oct18 - 424.25 / 426.25

Nov18 - 420.75 / 422.75

Q3-18 - 431.75 / 433.75

Q4-18 - 420.75 / 422.75

Q1-19 - 408.75 / 411.25

Q2-19 - 395.25 / 397.75

CAL19 - 372.25 / 375.25

CAL20 - 299.75 / 304.75

Singapore 180 cSt

Jun18 - 450.75 / 452.75

Jul18 - 446.75 / 448.75

Aug18 - 442.50 / 444.50

Sep18 - 438.75 / 440.75

Oct18 - 435.25 / 437.25

Nov18 - 432.00 / 434.00

Q3-18 - 442.75 / 444.75

Q4-18 - 431.75 / 433.75

Q1-19 - 420.00 / 422.50

Q2-19 - 407.00 / 409.50

CAL19 - 386.75 / 389.75

CAL20 - 313.75 / 318.75

Rotterdam 3.5%

Jun18 - 422.75 / 424.75

Jul18 - 420.00 / 422.00

Aug18 - 416.50 / 418.50

Sep18 - 412.50 / 414.50

Oct18 - 408.00 / 410.00

Nov18 - 403.25 / 405.25

Q3-18 - 416.50 / 418.50

Q4-18 - 403.75 / 405.75

Q1-19 - 391.75 / 394.25

Q2-19 - 377.50 / 380.00

CAL19 - 351.25 / 354.25

CAL20 - 285.75 / 290.75

Chart showing Singapore’s trailing 12-month bunker sales (TTM). Record-breaking 12-month bunker sales in Singapore hit 55.38m tonnes in August 2025  

Rolling 12-month bunker sales at the world’s largest bunkering hub reached an all-time high, underscoring a broader upward trajectory.
Illustration of the Explora V, Explora Journeys' fifth ship. Destinations revealed for 2027 launch of LNG-powered Explora V  

Fifth vessel in Explora Journeys fleet to make calls in Mediterranean, then travel east to Red Sea and Arabian Peninsula.
Yang Ming and Hanwha Ocean contract signing ceremony. Yang Ming orders seven LNG dual-fuel container ships from Hanwha Ocean  

Taiwanese shipping line contracts Korean shipbuilder for 16,000 TEU vessels with ammonia-ready capability.
Amogy and KBR sign MoU at Gastech 2025. Amogy partners with KBR to advance ammonia cracking catalysts for hydrogen production  

MoU focuses on evaluating ruthenium catalysts for offshore and industrial hydrogen applications.
Coral Energy, part of Anthony Veder's LNG carrier fleet. Anthony Veder and Gasum expand bio-LNG partnership for FuelEU Maritime compliance  

Two LNG carriers join Nordic energy company's compliance pool as surplus generators.
Illustration of Singapore's first floating LNG terminal. ABB wins contract to power Singapore's first floating LNG terminal  

FSRU will enable Singapore to boost its LNG importing capacity by 50 percent.
Bunker Partner homepage. Bunker Partner appoints trader in Dubai  

Marine fuel trading and broking company expands UAE team.
Fratelli Cosulich 2025 Bunker Meeting. Cosulich Marine Energy team meets in Monaco to discuss latest industry developments  

Members of Marine Energy division analysed strategies, methanol investments and evolving regulatory framework.
Monjasa MOST trainees. Monjasa trainee programme sees 97% surge in applications  

Marine fuel seller receives 1,530 applications for 2025, nearly double previous years.
Anothony Veder's ethylene carrier Coral Patula. Nissen Kaiun invests in wind-assist technology firm Econowind  

Investment highlights growing industry interest in fuel-neutral wind propulsion technologies.




 Recommended