Tag: contango
Narrowing Contango Rates Force Traders To Tighten Stocks
Narrowing contango for Singapore Marine Fuel 0.5%S may compel traders to offload stocks.
Monthly contango is not wide enough to cover their storage...
[Answer] What Does ‘Markets Are in Contango’ Mean?
As the container market continues its ride through pandemic highs and lows, it has become essential that shippers knew about certain market terms such...
Oil Storage At Sea Declines After Ease in Global Lockdowns
Global lockdown measures to fight the coronavirus outbreak are eased.
A glut of crude oil and products stored in tankers at sea will...
Fuel Oil Exports Fall To 18-month Low
Fuel oil exports from Fujairah in the UAE slumped to an 18-month low in May.
It is weighed down by plentiful supplies held...
0.5% Marine Fuel Witnesses a Mixed Market Trend
Marine Fuel 0.5% market witnessed mixed sentiment on the first trading day.
Singapore Marine Fuel 0.5% swaps curve has progressively slipped deeper into...
Demand for Tankers and Floating Storages Plummet Amid COVID-19
Crude oil prices regained their footing in late April.
VLCC’s and suezmaxes reached $250,000 per day and $100,000 per day.
It is respectively...
Euronav’s Contango Opportunity, Can It Benefit from The COVID-19 Situation?
Euronav owns both the Europe and Oceania Ultra Large Crude Carriers, which it operates as floating storage.
The company also owns 39 VLCCs...
Crude Oil Held in Sea Storage Hits New Record at 160...
Traders are storing an estimated record of 160 million barrels of oil on ships.
Seek to tackle a glut of stocks created by...
Contango Market Widens! Traders Rush for Storage Space!
Rajesh Nair and Rohan Menon throw light on the present market situation concerning crude oil and LFSO in an article published in Platts. They...
Tanker Freight Rates Tumble Ahead of OPEC+ Talks
Supertanker freight rates have fallen after seeing a high last week.
Freight rates can drop further if OPEC+ countries decide to cut output...