Sign up
Log in Sign up
Fri 29 Dec 2017 09:03

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

European Union member state flags. Danish Shipping calls for EU to invest ETS revenues in green marine fuel production  

Industry body welcomes Commission's sustainable transport plan but urges concrete action on funding.
Illustration of green fuel production for ships and aircraft. Transport & Environment welcomes STIP but warns action needed by 2026 to secure e-fuels leadership  

EU transport plan takes steps to boost green fuel production for ships and planes.
Graphic announcing release of DNV Maritime Nuclear Propulsion White Paper. DNV claims nuclear propulsion could offer viable route to maritime decarbonisation  

Classification society publishes white paper examining technological, regulatory, and commercial challenges facing nuclear-powered merchant vessels.
Signatories of European Nuclear Maritime Cooperation Declaration. European nuclear declaration signed for maritime decarbonisation  

Over 30 companies sign cooperation agreement to advance small modular reactor technologies for shipping.
Victrol Omega vessel. Peninsula operates Omega barge for fuel supply in Belgian North Sea  

Victrol vessel said to be the only estuary barge of its size serving Belgian North Sea ports.
Sonan Energy Panama logo with white background. Sonan Energy Panama unveils new logo as part of sustainable energy transition  

Bunker firm introduces redesigned brand identity reflecting shift towards cleaner energy solutions.
Niclas Mårtensson, CEO of Stena Line. Stena Line to acquire Wasaline ferry operations in Baltic Sea expansion  

Swedish ferry operator signs deal to take over Umeå–Vaasa route with bio-LNG-powered vessel.
Arriva Shipping vessel Norbris. Berg Propulsion secures second Arriva retrofit after 10% fuel savings confirmed  

Norwegian shipowner orders second propulsion upgrade following verified efficiency gains on general cargo vessel Norjarl.
Dorthe Bendtsen and Anders Grønborg. Bunker Holding to absorb Baseblue into KPI OceanConnect by April 2026  

Integration follows earlier Hong Kong merger and aims to streamline operations and strengthen regional teams.
Chimbusco Pan Nation (CPN) new logo. CPN unveils new brand identity after 34 years in marine fuel supply  

Hong Kong bunker supplier launches rebrand centered on 'continuous evolution' and sustainable fuel solutions.




 Recommended