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Fri 29 Dec 2017, 09:03 GMT

Oil and fuel oil hedging market update


By the Oil Desk at Freight Investor Services.

Commentary

Early trading windows today. Singapore was at 4 am UK time and barges at 12. Brent is now comfortably up above $66 - I'm sure putting a grin on many an OPEC member. U.S. stocks fell again yesterday, further indicating that OPEC's strategy of sitting on their hands and allowing the market to do its job for it is somewhat working. All they need to do is convince the U.S. not to increase production too much, to come to an agreement and they have a winning formula.

Fuel Oil Market (December 28)

The front crack opened at -8.50, weakening to -8.60 across the day. The Cal 18 was valued at -8.10.

Singapore 380 cSt

Jan18 - 375.00 / 377.00

Feb18 - 374.00 / 376.00

Mar18 - 373.75 / 375.75

Apr18 - 373.25 / 375.25

May18 - 372.75 / 374.75

Jun18 - 371.75 / 373.75

Q1-18 - 374.25 / 376.25

Q2-18 - 372.50 / 374.50

Q3-18 - 368.50 / 371.00

Q4-18 - 363.75 / 366.25

CAL18 - 369.25 / 372.25

CAL19 - 330.25 / 335.25

Singapore 180 cSt

Jan18 - 378.75 / 380.75

Feb18 - 378.25 / 380.25

Mar18 - 378.25 / 380.25

Apr18 - 378.00 / 380.00

May18 - 377.75 / 379.75

Jun18 - 377.00 / 379.00

Q1-18 - 378.50 / 380.50

Q2-18 - 377.75 / 379.75

Q3-18 - 374.25 / 376.75

Q4-18 - 369.75 / 372.25

CAL18 - 374.75 / 377.75

CAL19 - 339.00 / 344.00

Rotterdam Barges

Jan18 360.75 / 362.75

Feb18 360.25 / 362.25

Mar18 360.00 / 362.00

Apr18 359.75 / 361.75

May18 359.00 / 361.00

Jun18 358.00 / 360.00

Q1-18 360.25 / 362.25

Q2-18 359.00 / 361.00

Q3-18 354.25 / 356.75

Q4-18 345.50 / 348.00

CAL18 353.75 / 356.75

CAL19 312.75 / 317.75

United LNG I bunker vessel alongside Blue Aspire vessel. Titan charters 8,000-cbm LNG bunker vessel for ZARA region operations  

United LNG I to deliver LNG and bio-LNG across Amsterdam, Rotterdam, Antwerp and Zeebrugge ports.
Flag of Mauritania. Peninsula begins physical bunker supply operations in Mauritania  

Marine fuel supplier operating two barges following licence award from the Mauritanian National Hydrocarbons Commission.
X-Press Cassiopeia vessel. PuriFire Energy signs biomethanol supply deal with X-Press Feeders  

Letter of intent covers up to 15,000 tonnes annually for feeder carrier’s fleet.
Alan Yang and Yujin Kang, Flex Commodities. FLEX Commodities opens Seoul office with new Korea leadership team  

Dubai-based trader establishes South Korea presence with appointments of Alan Yang and Yujin Kang.
Eng. Sulaiman Ali Al Hadhrami, O Bunkering. O Bunkering appoints Sulaiman Alhadhrami as chief executive officer  

Omani bunker supplier names new CEO to lead growth and expansion in the maritime sector.
Shore power system. Zhoushan expands shore power infrastructure as part of emissions reduction drive  

Chinese port city reports 30% increase in shore power usage across terminals and berths.
Hamburg Express vessel. Hapag-Lloyd and Kuehne+Nagel partner on biofuel initiative for Asia-Europe trade  

Agreement covers 3,300-teu using waste-based biofuels, targeting a 2,979-tonne CO₂e reduction in 2026.
Rendering of a tug vessel. Berg Propulsion to supply electric propulsion systems for India’s green tugs  

Swedish firm to provide thrusters and electrical integration for two 60-tonne bollard pull battery-electric vessels.
Singapore skyline with Merlion and central business district. World Fuel seeks marine fuel supply executive in Singapore  

Role to manage supplier relationships and source marine fuel across South-East Asia and Australia-New Zealand.
OOCL Wisdom naming ceremony. OOCL names first methanol dual-fuel vessel  

Orient Overseas Container Line christens OOCL Wisdom, dubbed the world’s largest methanol dual-fuel container vessel.




   Fuels & Propulsion

Ammonia B100 B24 B30 Bio-LNG/LBM Biofuel Biogas Biomethanol Dual-fuel E-fuel E-methane/e-NG Electric Ethanol FAME Green hydrogen Green/e-ammonia HVO Hydrogen LNG LPG Lubes Methanol MGO Nuclear UCOME ULSFO VLSFO Wind power



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