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


IBIA logo. IBIA to host ethanol marine fuel workshop in New York  

Limited-capacity session will examine ethanol’s commercial, technical and regulatory prospects as a shipping fuel.

Blue Whale NxtGen Energy battery system. Corvus Energy’s Blue Whale NxtGen battery system gains DNV type approval  

DNV approval confirms the safety and performance of Corvus Energy’s large-scale battery system for ferries, cruise ships and offshore vessels.

Jessie Ng, PMG Energies. PMG Energies appoints Jessie Ng as bunker trader in Singapore  

Bunker firm adds experienced trader to Singapore team.

Hapag-Lloyd vessel Seaspan Amazon during a bunkering operation. Hapag-Lloyd completes simultaneous-operations biomethanol bunkering in Busan  

Container line bunkers ISCC EU-certified biomethanol from Goldwind during SIMOPS, advancing its 2024 supply agreement.

Launching ceremony of Baraka-9. Pinnacle Marine launches B100-compatible harbour craft Baraka-9 for Trans Wave  

Singapore shipbuilder adds another biodiesel-ready vessel to a fleet renewal programme aimed at harbour craft decarbonisation.

Rune G. Kongstein, Glander International Bunkering. Glander International Bunkering creates European commercial director role, appoints Rune Kongstein  

Marine fuels firm is aligning its European operations under a single commercial leadership structure.

VPS logo. VPS to run marine fuel management course in the Netherlands this November  

Two-day training programme covers fuel quality, handling and decarbonisation regulations.

International Chamber of Shipping (ICS) logo. Wind-assisted propulsion 'no longer just a concept', ICS panel says  

Shipowners weigh wind power as a practical, low-risk route towards decarbonisation targets.

Hoegh Starlight vessel connected to shore power. Höegh Autoliners vessel connects to shore power for the first time in Europe  

Höegh Starlight used 11 kV shore power in Zeebrugge, allowing it to switch off its auxiliary engines while alongside.

ROC logo. Chinese shipbuilder ROC signs deal for up to eight methanol-ready CSOVs  

Contract signed with European shipowner for vessels designed for offshore wind farm maintenance work.