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| Frequently Asked Question 2026s |
| INSIGHT AND PERSONAL OPINIONS SERVED BY FTNX OFFERED BELOW. As from 1 May 2026 FTNX trading site has moved, This site is now the FTNX educational website which will be developed over the next year to service intermediaries intently . |
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CRUDE PRICE 2026
FAKE FUEL CRUDE PRICE 2026 Price of Brent Crude U.S: US$ 107.00 per BBL 9 MARCH 2026 The price of Brent's crude oil has hit 107.00 per BBL; if we add the FTNX average 7.5 Conversion factor we arrive at around US$ 802.50 per MT at FAS . In fact it already over US$ 1000.00 per MT AT CFR. War insurance on a ship hull has also increased by 1000% for all oil being carried near a war zone .Thats US$ 100,000,000.00 per one 100,000 MT shipment. Add a huge increase for 'war' insurance for ships hull add -another US$ 7,500,000 to the above price. Add up to 5.0% or more for cargo insurance...its slim margins for refineries and wholesalers after refined product are produces- a gross profit margin of 140-150 million. could be realised - less refinery expense, capital expenses leaving a net profit of around 10- 20 million dollars... it better trading as a PCT , the only headache we have is to do with testing end buyers and suppliers. Back to Top FAKE FUEL FAKE FUEL 11 April 2026 Current fuel shortage ..USCT members we warned. We have had a huge influx of fake fuel offers from ill informed traders offering EN90 D2 and other fuels- from all over the place . Australia normally imports around 50 tankers per month of ULS D2 at 50,000/80,000 MT shipment range and we need as much as possible in these turbulent times . We cannot buy any products from Russia but could buy crude oil refined from Russian crude that has been converted into ULS D2 where the certificate of origin is issued from a non sanctioned refinery.Those who try and be clever by bending newly refined fuel with Russian fuel get caught out. As it applies to Australia said aspect would apply to most other countries bearing western sanctions. Due to disruptions and tanker shortages it is difficult to get a large number of shipments per month to port for a country like Australia . As such even if we could get crude oil to Singapore refineries - chartering of vessels is still problematic due to Trump's mad man war with Iran - where hundreds of ships are stuck in the straight of Hormuz. For a great military power, USA seems to make the same mistakes it did with pearl harbour in underestimating Iran -and the rest of the world is now paying the price of the decisions made by the Trump /Netanyahu administration. It seems some people never learn. Also note, matters about demurrage. as the usual normally applied aspects can no longer be expected. As per COSI, once a ship serves its NOR at port of loading (POL) approach, the usual 72 hours “All Purpose” “ demurrage clause kicks in - if due to delay, it takes 50 hours for a ship to berth , fill and leave POL – this means it has 26 hours left upon serving NOR at port of destination (POD) approach .If it takes 36 hours to unload, then ten hours demurrage rate due to current global turmoil could exceed 1 million USD dollars etc..etc. Governments are sourcing fuel heavily - unless a USCT member has a direct supply and only at CFR or CIF there is no point in trying to secure such fuels at this time as the competition in securing such fuels are at “cut throat levels.” If this is the supply situation for a country like Australia - then bigger countries face bigger issues. USCT members ..be careful dealing in refined fuels . Back to Top |
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