Monthly archives: June 2020

Oil Through the Looking Glass 30/6/20

*HSFO – The Comeback Kid* When the IMO 2020 regulation came into effect at the start of the year, people had previously predicted that the old grade HSFO would be in oversupply and collapse in price. What has actually come about is a story of great strength and versatility of the old grade fuel. HSFO …

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Iron ore uneasy over China weather, steel demand

Iron ore futures rebounded modestly on Tuesday as investors remained concerned over China’s steel demand. Rebar led the way for the rebound in Asia as investors became concerned over the latest environmental curbs in Tangshan which may lead to temporarily closure of many blast furnaces and sintered machines in the area.   Iron ore failed …

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Oil market waits for data for pre-holiday direction

All eyes for signs of potential demand recovery are on data announcements due on Tuesday from the American Petroleum Institute, from the US government’s Energy Information Administration on Wednesday, and from the key 4 July holiday, when increased travel is expected.   A Reuters poll showed analysts expect U.S. crude oil stockpiles fell from record …

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