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: Freight Investor Services (FIS)


Updated on 05 Oct 2018 9:31 GMT

Commentary

Brent crude oil futures were at $84.90 per barrel at 04:31 GMT, up 32 cents, or 0.4 percent, from their last close, and U.S. WTI crude futures were up 43 cents, or 0.6 percent, at $74.76 a barrel. It's been all go on the geopolitical scene recently. If you thought things got as good as the US-North Korea courting, and we would then have a great period of peace and tranquility, you are, I'm sure, severely disappointed. We have all heard about the Iran sanctions coming in for November, and the list of potential dissenters is growing. China and Turkey are looking like they will be the first ones to break ranks; the question will be if others such as India or the EU have the guile to also circumvent the sanctions. Everyone is now talking about the bullish positions increasing on the exchanges, which in itself is probably driving further bullish sentiment. It's like a night out: if there's a couple of people in the group who are forthright and make a strong decision where the night is going to go, 9 out of 10 times the rest of the group will follow along. That is the nature of the crude oil futures markets these days: half physical players, half financials. Fundamentals may be telling us one thing, but just like the night out, no one likes that one person who utters the sensible "I'm not sure that's a good idea" line. They are never as popular as the headstrong leaders but, then again, they are usually right at the end of the night. Good day.

Fuel Oil Market (Oct 04)

The front crack opened at -11.00, strengthening to -10.60, before weakening to -10.85. The Cal 19 was valued at -15.00.

The front-month 380 cSt barge fuel oil crack firmed on Thursday, as concerns about lower Iranian fuel oil supplies from next month with U.S. sanctions coming into effect added to worries of fewer arbitrage volumes into Asia.

The crack discount was at about minus $10.70 a barrel to Brent crude on Thursday, compared with around minus $11.15 a barrel in the previous session, broker sources said.

The front-month crack discount last narrowed on Aug. 23 when Brent crude traded at about $74 a barrel.

Economic data/events (Times are UK)

* 1:30pm: U.S. Trade Balance

* 1:30pm: U.S. Change in Nonfarm Payrolls

* 1:30pm: U.S. Unemployment, Sept.

* 6pm: Baker Hughes rig count

* ~6:30m: ICE weekly commitments of traders report for Brent, gasoil

* 8:30pm: CFTC weekly commitments of traders report on various U.S. futures and options contracts

* Sibcon 2018, final day

* U.S. Census Bureau Export data

* Russia Energy Week, 3rd day of 4

Singapore 380 cSt

Nov18 - 495.25 / 497.25

Dec18 - 489.50 / 491.50

Jan19 - 483.75 / 485.75

Feb19 - 478.25 / 480.25

Mar19 - 473.25 / 475.25

Apr19 - 468.50 / 470.50

Q1-19 - 478.50 / 480.50

Q2-19 - 463.25 / 465.25

Q3-19 - 443.00 / 445.50

Q4-19 - 405.25 / 407.75

CAL19 - 447.25 / 450.25

CAL20 - 372.00 / 378.00

Singapore 180 cSt

Nov18 - 502.50 / 504.50

Dec18 - 498.00 / 500.00

Jan19 - 494.00 / 496.00

Feb19 - 489.00 / 491.00

Mar19 - 484.00 / 486.00

Apr19 - 479.75 / 481.75

Q1-19 - 489.00 / 491.00

Q2-19 - 475.00 / 477.00

Q3-19 - 457.25 / 459.75

Q4-19 - 426.25 / 428.75

CAL19 - 461.25 / 464.25

CAL20 - 395.25 / 401.25

Rotterdam 3.5%

Nov18 - 467.50 / 469.50

Dec18 - 462.25 / 464.25

Jan19 - 458.50 / 460.50

Feb19 - 455.00 / 457.00

Mar19 - 451.25 / 453.25

Apr19 - 447.50 / 449.50

Q1-19 - 455.00 / 457.00

Q2-19 - 442.75 / 444.75

Q3-19 - 419.50 / 422.00

Q4-19 - 379.50 / 382.00

CAL19 - 423.50 / 426.50

CAL20 - 354.25 / 360.25



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:

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
Oil and fuel oil hedging market update
Volatility as OPEC meeting comments emerge; draw in US oil stocks
Quadrise announces open offer to avert Jan winding down process
Aegean rejects Mercuria objections ahead of court hearing
Aegean files motion to protect confidential information




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