FIS Fuel Oil Morning Report 27/05/21

Brent crude fell 44 cents, or 0.6%, to $68.43 a barrel at 0220 GMT, erasing Wednesday’s gain of 22 cents. Brent has traded between $68 and $69 for most of this week. U.S. West Texas Intermediate (WTI) crude fell 43 cents, or 0.7%, to $65.78 a barrel, after a rise of 14 cents on Wednesday, …

FIS Morning Report Tanker FFA 27-05-21

News Headlines: Lowest gasoline inventories in 30 years await U.S. motorists this June (Bloomberg) Even with days to go before motorists take to the highways for Memorial Day sojourns, gasoline inventories are the tightest they’ve been in years, partly because refiners curbed output for months to cope with the pandemic-driven demand slump.     API …

FIS Singapore Iron Ore Derivatives Report 26/05/2021

Market Commentary Iron ore futures slumped to the lowest in over a month over renewed concerns of a crackdown on commodity prices by authorities in China. Policymakers in China have found themselves in a very delicate conundrum as they look to maintain its economic growth but at the same time are concerned that a cost-push …

FIS Castaway Podcast – Episode 26/05/21

    FIS Castaway Podcast – Episode 56   Scrap your friends and listen to this week’s podcast – Volatility in oil and freight, collapsing iron ore, and we take an in depth look at CME and LME steel and scrap contracts, as well as the upcoming SGX Shanghai rebar contract.     Listen Below: …