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 07 Aug 2018 09:10 GMT

Commentary

Brent crude oil future spot was at $74.08 per barrel at 0624 GMT, up 33 cents, or 0.4 percent, from their last close, and U.S. WTI crude futures were up 20 cents, or 0.3 percent, at $69.21 barrel.

Crude looks like it's in for a choppy day as Iran sanctions mix with U.S. stock data predictions.

Fuel Oil Market (Aug 6)

The front crack opened at -8.40, weakening to -9.10, before strengthening to -8.85. The Cal 19 was valued at -14.40.

Asia's fuel oil market started the week lower with cash premiums and prompt-month time spread slipping to multiweek lows.

However, despite the weaker market on Monday, market fundamentals remained supportive as tight supplies and firm demand continue to characterize Asia's fuel oil market over the near term. Relatively weaker deal values on Monday weighed on cash premiums of both grades of 180 cSt and 380 cSt fuel oils.

The 380 cSt premiums slipped to a three-week low of $5.94 a tonne to Singapore quotes, while 180 cSt premiums were at a one-week low of $5.07 a tonne to Singapore quotes. Similarly, the prompt month 380 cSt time spread was at its narrowest premium in almost three weeks at $7.50 a tonne.

Economic data/events (Times are London.)

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

* U.S. EIA's monthly Short Term Energy Outlook report

* Bloomberg-compiled refinery snapshot for U.S. and Canada, providing offline capacity projections for crude units and FCCs

Singapore 380 cSt

Sep18 - 436.50 / 438.50

Oct18 - 431.75 / 433.75

Nov18 - 428.50 / 430.50

Dec18 - 425.50 / 427.50

Jan19 - 422.50 / 424.50

Feb19 - 419.75 / 421.75

Q4-18 - 428.75 / 430.75

Q1-19 - 419.50 / 421.50

Q2-19 - 410.00 / 412.50

Q3-19 - 390.00 / 392.50

CAL19 - 392.50 / 395.50

CAL20 - 322.25 / 328.25

Singapore 180 cSt

Sep18 - 445.00 / 447.00

Oct18 - 441.25 / 443.25

Nov18 - 438.50 / 440.50

Dec18 - 435.75 / 437.75

Jan19 - 433.50 / 435.50

Feb19 - 430.75 / 432.75

Q4-18 - 438.50 / 440.50

Q1-19 - 430.50 / 432.50

Q2-19 - 422.50 / 425.00

Q3-19 - 406.50 / 409.00

CAL19 - 407.75 / 410.75

CAL20 - 342.25 / 348.25

Rotterdam 3.5%

Sep18 - 415.75 / 417.75

Oct18 - 411.25 / 413.25

Nov18 - 407.50 / 409.50

Dec18 - 404.25 / 406.25

Jan19 - 402.00 / 404.00

Feb19 - 399.75 / 401.75

Q4-18 - 407.75 / 409.75

Q1-19 - 399.50 / 401.50

Q2-19 - 390.50 / 393.00

Q3-19 - 369.50 / 372.00

CAL19 - 370.75 / 373.75

CAL20 - 306.25 / 312.25



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:

Risk minimisation in uncertain times | Geos Group
Bunker Energy takes over Maxcom Bunker's commercial activities
World Fuel Services to launch Pacific Northwest supply operation
Oil and fuel oil hedging market update
Brent remains in the $60s this morning
Oil and fuel oil hedging market update
$60s are hard to hold
Silverstream hails air lubrication uptake ahead of 2020
Oil and fuel oil hedging market update
OPEC, non-OPEC oil producers agree to cut 1.2m bbl/d
Aegean secures final approval for initial set of motions
MoU signed to test fuel gas and bunkering systems in Busan




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