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


CMA CGM Notre Dame vessel at Singapore Port. Singapore 12-month bunker calls hit all-time high in July  

TTM calls at world's largest bunkering hub reach record levels despite softer sales volumes.

Cargo port in Singapore. Singapore T3M bunker sales stay below 14m tonnes for fourth month running  

Rolling three-month volumes remain subdued despite modest month-on-month recovery in July.

Shore power system launch at Port of Callao. Peru’s Port of Callao launches first shore power system in Latin America  

DP World Callao’s onshore power supply system could cut over 6,300 tonnes of CO₂ annually.

Aristodimos vessel. New Times Shipbuilding delivers LNG dual-fuel crude oil tanker to Capital  

Chinese yard hands over 155,500-dwt vessel in ceremony attended by owner’s representative.

MSC Sabrina and Alice Cosulich ship-to-ship (STS) bunkering operation. Shell completes maiden LNG bunkering operation in Valencia  

Delivery to MSC vessel facilitated by Fratelli Cosulich said to be first-ever LNG bunker supply at Spanish port.

Marina Bay Sands, Singapore. PIL hiring senior marine fuels executive to manage global bunkering operations  

Singapore-based role includes oversight of fuel procurement and delivery operations, covering PIL's fleet of container and multi-purpose vessels.

Steel-cutting ceremony of vessels with builder's hull nos. CHB2083 and CHB2084. Changhong International Shipbuilding cuts steel on two more 3100-teu boxships for Costamare  

HSFO-fuelled vessels feature scrubbers, SCR systems and shore power connections to meet emissions requirements.

Decab Hub and MMMCZCS logos. Lloyd’s Register and Maersk Mc-Kinney Møller Center launch ammonia safety and training resources for shipping  

New tools aim to help operators build the safety management and competency frameworks needed for ammonia-fuelled vessels.

Kevin Dohmen, IBT Bunkering & Trading. IBT Bunkering & Trading appoints Kevin Döhmen to manage new Singapore office  

Döhmen tasked with developing IBT’s operation in the Asian city-state.

Peak Skarv 3 vessel. Peak takes delivery of third S-class vessel and cuts steel for ammonia-fuelled ship  

Norwegian operator marks two events at Chinese yard as ammonia-powered newbuild programme advances.