Ship Shape: FIS Commodity Weekly 12/10/20

Tanker, Tailor, Soldier, Fly   People may be forgiven for thinking that the last seven days was a slow news week, as the biggest headline grabber was the two-minute appearance of a fly on the head of US Vice President Mike Pence. This has launched a flurry of activity with Jim Carrey playing the fly …

Oil Through the Looking Glass 1/9/20

*Storm Damages Continue to hamper U.S. Gulf of Mexico Energy Operations* As refiners look to restart offshore operations, onshore repairs that are necessary as a result of the hurricane damages have been hampered this week due to power outages in Louisiana where the storm made early landfall on Thursday. Offshore production in the region was …

Oil Through the Looking Glass 28/8/20

*As Laura exits, U.S. energy firms tally damage As the tail end of Laura sweeps north east and is downgraded to tropical storm, US energy firms are organizing for crews to be sent to offshore rigs to assess the damage caused by the 150mph winds. Power was cut from the homes of 650,000 people. Equinor …

Gone With the Wind – Ship Shape Commodity Weekly

Dominating the news this week has not been the hopeless story of a Southern girl’s love for a married man, but rather the twin storms in the Gulf of Mexico. The bluster behind this story left oil and tanker markets in a spin with impending disruption and shutdowns.   As of late Thursday, Hurricane Laura …

Morning Oil Report 28/8/20

Good morning all. Brent futures for October, set to expire on Friday, rose 2 cents to $45.11 a barrel at 4:09 am GMT. The November contract climbed 3 cents to $45.63. WTI futures were down 3 cents, or 0.1%, to $43.01 a barrel.   Hurricane Laura, a Category 4 storm, made landfall along the USGC …