Monthly archives: February 2021

Oil Through the Looking Glass 23/2/21

Texas Refineries Slowly Restart After Last Week’s Deep Freeze Refineries in the oil-rich Texas Gulf rapidly started ramping up production as much as possible following the fallout of the deep freeze which locked in as much as 4 million barrels per day in the height of the cold snap. It is thought the 85% of …

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Fuel Oil Morning Report 23/02/21

  Brent crude was up $1.10, or 1.7%, at $66.34 a barrel by 0437 GMT, after earlier hitting a high of $66.79. U.S. crude rose 92 cents, or 1.5%, to $62.62 a barrel, having reached a session high of $63. Both benchmarks have risen more than 2% on Tuesday after climbing nearly 4% in the …

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Daily DCE Review 23/2/21

Iron ore futures opened high in the morning session, only to fall later at the afternoon session, due to steel output restriction in Tangshan. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE), then fell by 2.94% day-on-day or RMB 33.50 to RMB 1,107/mt on Tuesday. The steel rebar contract on the …

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