Oil Through The Looking Glass

*Crude Back in Trouble* Oil prices have continued their movements downwards as the markets digests the news of another US stocks build reported yesterday afternoon, as well as a resurgent virus in the United States. New infections are at new daily records in Florida, Texas and California. According to the EIA U.S. crude inventories rose …

Tanker News Update 25/6

Uncertainty on the high seas One would say that the forecast is looking patchy with low winds not moving many sails.   The general outlook is a market softening, as a flotilla of vessels are coming off the back of crude floating storage that earned a healthy profit.   This ultimately has led to an …

FIS Fuel Oil Morning Report 25/06/2020

Good morning all. Brent crude futures fell 31 cents, or 0.8%, to $40.00 per barrel after falling $2.32 on Wednesday. A day earlier, the benchmark contract hit its highest price since early March, just before pandemic lockdowns and a Saudi-Russian price war slammed markets. U.S. WTI crude futures fell 26 cents, or 0.7%, to $37.75 …