Hurricane Idalia's making waves but not like the High Sulphur East West contract!

Freight Up! Fuel oil, iron ore, steel and other commodity insights from Freight Investor Services

Hurricane Idalia, East West Sulphur, and a new voice to the Freight Up Podcast from FIS...

Welcome back to Freight Up! It's the (mostly) weekly podcast from Freight Investor Services - or as we're more affectionately known - FIS.

I'm your host, Fernanda, and today we have a packed episode for you.

We'll be diving into the latest updates on the fuel market, discussing the impact of Hurricane Idalia, and introducing a new addition to the FIS family.

So grab a cup of coffee, sit back, and get ready for an insightful journey into the world of shipping and commodities.

Archie on the impact of Hurricane Idalia

Joining us today is Archie, our resident expert, who will be giving us a macro lens view of the fuel market.

We'll explore the factors affecting crude oil prices and the current state of supply and demand. But first, we have some weather news to share. Hurricane Idalia has been sweeping over the oil-rich Gulf areas, causing concerns about production slowdowns.

But don't worry, we'll give you the latest update on the hurricane's impact.

The new physical oil initiative

We have a special guest this week. Joining us is Conor Kilgallon, who will be sharing exciting news about FIS's new physical oil initiative.

As FIS expands its offerings to include physical fuel oil, Conor will explain the differences between the physical and paper markets and the opportunities this expansion brings.

If you're curious about the world of bunker broking and how FIS is becoming a one-stop-shop for all your fuel needs, you won't want to miss this interview.

Here's the link to the FIS live app

Timestamped summary of this episode:

00:01:08 Crude oil stuck in limbo between supply and demand 00:03:50 Fuel market fluctuating, Singapore grade cheaper 00:08:12 Physical market is where actual oil is lifted 00:10:24 Transparency in bunkers market for better pricing 00:13:38 Delays cost money; backlog slowly decreasing