U.S. West Texas Intermediate (WTI) crude futures fell 40 cents, or 0.6%, to $64.52 a barrel at 0247 GMT, after gaining 2 cents on Monday. Brent crude futures dropped 45 cents, or 0.7%, to $67.87 a barrel, after climbing 4 cents on Monday Reports of the hacking of the Colonial pipeline ensured that oil …
Author archives: Chris Hudson
Morning Steel and Scrap Report 10/5/21
FOB China HRC The index rose by $12/t last Friday (7.5.21) to US$950/t, MTD US$932.60/t. An east China mill sold 10,000t SAE grade pipe-making coils at $950/t fob last week. Some other deals were heard done at $960/t fob for SS400 HRC, but no further details could be confirmed. Two major Chinese mills …
Morning Tanker Report 10/5/21
News Headlines: Oil gains after cyberattack forces closure of U.S. fuel ‘jugular’ pipeline (Reuters) Crude prices rose as a cyberattack shutdown critical fuel supply on the Colonial pipeline network, showcasing how hackers are very adept to finding new ways to penetrate the U.S. energy infrastructure in un-traditional ways. To view the curve …
Morning Oil Report 10/5/21
At 11:46 am Singapore time (0346 GMT), the ICE Brent July contract was up 29 cents/b (0.42%) from the May 7 settle at $68.57/b, while the June NYMEX light sweet crude contract was up 19 cents/b (0.29%) at $64.90/b. As a result of the positive tracks made with the UK vaccine programme, fuel sales …
Fertilizer Financial Market Report 07/05/21
To view the report please click below For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004
Steel & Scrap Morning Report 07/05/21
Click below to read the report For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004
Fuel Oil Morning Report 07/05/21
Brent crude futures for July were at $68.47 a barrel by 0338 GMT, up 38 cents, or 0.6%, while U.S. West Texas Intermediate (WTI) crude for June rose 38 cents, or 0.6%, to $65.09. Both Brent and WTI are on track for a second weekly gain. Data released this week regarding economic growth for …
Castaway Podcast – Ep. 52 – Shipping Emissions
‘No Smoking here – It’s the Castaway Emissions Special! Join us with our special guest Andrew Glass of Viridios Capital and Avatar Commodities to discuss Emissions Offsets and their effect on the world of shipping and commodities. Listen Below: Website https://freightinvestorservices.com/blog/fis-castaway-eps-51-shipping-emissions/ Spotify https://open.spotify.com/episode/6vGCbv86JDVPJxaogu020h?si=zHvmrUJaT8qoZSdWJu58lg iTunes https://podcasts.apple.com/gb/podcast/episode-52-shipping-emissions/id1507094242?i=1000518992755
India urea Supply and Demand in Depth
Consensus seems to be that recent news of IFFCO setting up oxygen plants at their urea facilities will have a limited impact on production and domestic urea supply. However, some expect we could see slight reduction to capacity rates if further resources get redirected to the covid-19 effort. Meanwhile expectations are for India to …
U.S. HRC Report 14/4/21
To view the report please click the link below Contact Robert Belcher Steel Derivatives Broker Freight Investor Services M: +44 (0)7548716464 E: RobertB@freightinvestor.com Joshua T. Toney Steel Derivatives Broker Freight Investor Services M: +1 (203) 616-4057 E: josht@freightinvestor.com